229 5th St, Elyria, OH, 44035
About This Home
229 5th St, Elyria, OH 44035 — Mixed-Use Opportunity Awaits. Discover the untapped potential of this versatile mixed-use property located in the heart of Downtown Elyria. Zoned for mixed use, this unique offering features a former chiropractic office on the first floor and a comfortable two-bedroom, one-bathroom apartment on the second floor — ideal for the savvy investor or owner-occupant who dreams of living upstairs while running a business below.**Renovation Potential That Inspires.** The expansive first-floor office space is primed for conversion into one or multiple residential apartments, and the large attic space offers even more opportunity — the current owner has architectural drawings already prepared for completing an additional apartment upstairs. Whether you envision a thriving multi-unit rental property or a creative live-work arrangement, the possibilities here are truly exciting.**Parking That Delivers.** A generous gravel parking lot accessible from Barres Street, combined with a private driveway off 5th Street, provides multiple ingress and egress points — a rare advantage for both residential tenants and commercial visitors alike. Efficiency is built in, with separate HVAC and hot water systems
Getting Around
Somewhat Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1900
Materials
- Foundation: Block
- Roof: Slate
- Construction materials: Aluminum Siding,Brick
Type & Style
- Home type: MultiFamily
- Property subType: Duplex,Multi Family
Interior
Appliances
- Laundry features: In Basement
Basement
- Has basement: Yes
- Basement: Full
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 1
- 1/2 bathrooms: 2
Features
- Finished area above ground: 2,207
Heating & Cooling
- Heating features: Gas
- Cooling features: Central Air
Interior Area
- Total structure area: 2,207
- Total interior livable area: 2,207 sqft
Property
Details
- Parcel number: 0626044000008
Features
- Levels: Two
- Stories: 2
- Fencing: None
- Has view: Yes
- View description: City,None
Lot
- Lot size: 9,147 sqft
Parking
- Parking features: Gravel,Parking Lot
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Hail
- Inland Flooding
- Ice Storm
- Lightning
- Strong Wind
- Tornado
- Winter Weather
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Ohio Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $935 | $11,220 |
| Home Insurance * | $110 | $1,320 |
| Property Taxes | $211 | $2,532 |
| Electricity | $236 | $2,840 |
| Total | $1,492 | $17,904 |
Income You'd Need if You Spent...
Ohio FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-27 | Listed for sale | $185,000 |
| 2021-03-24 | Listing removed | -- |
| 2016-02-01 | Listing removed | $550 |
| 2015-10-13 | Listed for rent | $550 |
View on Zillow