3 Beds
2 Baths
2,631 sqft
$69,500
132 Irondale Street, Elyria OH, 44035
Price per sqft$26.42
Built in1900
Property size2,631 sqft
Property typeResidential
Overview
Active
Listed May 28, 2026
Updated 10 days ago
Attention investors & owner-occupant buyers looking for a value-add opportunity! Vacant, easy to show, & ready for immediate occupancy, this spacious 4-bedroom, 2 full bath colonial offers excellent potential at an affordable price point. Home features a full bath on each level for added convenience, full basement, walk-up third-floor attic providing excellent storage or future expansion possibilities. Aluminum-sided exterior includes upgraded vinyl windows plus welcoming front porch, all situated on a quiet street in an investor-friendly city known for low property taxes and strong Section 8 rental/straight rent demand. Inside, you’ll find generous room sizes, some hardwood flooring for durability & charm, flexible floor plan ideal for both homeowners and tenants. A partially fenced backyard adds additional appeal for outdoor enjoyment. Foreclosure property is being sold as-is but already includes decent mechanical updates, including an upgraded electrical panel, newer hot water tank, & furnace that appears to be in good condition. First-floor bathroom may need flooring, and a few cosmetic improvements throughout could significantly enhance value and rental potential. Average rents for 4-bedroom, 2-bath homes in the area support strong cash flow, making this a smart addition to any investment portfolio or an affordable owner-occupied purchase with upside potential. Property will not qualify for FHA or VA financing. Don’t miss this opportunity!
$462/mo
Est. mortgage payment based on a $69,500 home price.
All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.
Additional information
- MLS® ID
- 5208107
Interior Features
- Bedrooms
- 3
- Bathrooms
- 2
- Heating
- Yes
- Basement
- Yes
Exterior Features
- Lot Size
- 0.11 Acres
Other Property Details
- Taxes
- $1,730
- Tax Frequency
- Annually
Courtesy of Coldwell Banker Schmidt Realty
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Iconic Partners Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2026 MLS Now. All rights reserved.