5 Water St, Elyria, OH, 44035
About This Home
This lovely home is currently tenant occupied and has been rented out for 24 years. This large home can either be owner occupied or may be an investment property. Current tenant would like to remain. The home has 4 bedrooms on the second floor with a full bath. The main floor living space has a foyer, living room, dining room and large kitchen, also a full bathroom. The basement has a full bathroom, and the attic has a full bathroom that is not used. Windows are vinyl replacements, hot water tank is newer, furnace and A/C is 90% efficient. The 2 car detached garage door does not open (needs repair) and is not currently in use. This is a solid house that will need the new owners TLC. This home was previously used as a 4 unit rental prior to current owner who converted it to a single family rental. This home also passes annual section 8 inspections and is due for inspection. Currently renting out under market value on a month to month basis at $850.00 monthly and tenant paying all utilities. All trees were recently removed, and a new roof was installed 6/17/2026
Getting Around
Somewhat Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1900
Materials
- Foundation: Block,Combination,Stone
- Roof: Asphalt,Fiberglass,Pitched,Shingle
- Construction materials: Asphalt,Frame,Plaster,Vinyl Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Colonial
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Range
- Laundry features: Washer Hookup,In Basement
Basement
- Has basement: Yes
- Basement: Full,Unfinished
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
- Main level bathrooms: 1
Features
- Entrance Foyer
- Window features: Double Pane Windows,Insulated Windows,Screens
- Fireplace features: None
- Finished area above ground: 1,844
Heating & Cooling
- Heating features: Forced Air,Gas
- Cooling features: Central Air,Ceiling Fan(s),Window Unit(s)
Interior Area
- Total structure area: 1,844
- Total interior livable area: 1,844 sqft
Property
Details
- Parcel number: 0626069000013
- Special condition: Standard
Features
- Levels: Three Or More
- Stories: 3
- Patio & porch: Rear Porch,Covered,Deck,Front Porch
- Exterior features: None
- Fencing: Back Yard,Other
- Has view: Yes
- View description: City
Lot
- Lot size: 7,405 sqft
- Features: Back Yard,City Lot,Front Yard,Paved,Rectangular Lot
- Lot size dimensions: 55 x 130
Parking
- Total spaces: 1
- Parking features: Concrete,Garage Faces Front,Garage
- Has garage: Yes
- Attached garage spaces: 1
- Covered spaces: 1
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 | $477 | $5,724 |
| Home Insurance * | $56 | $672 |
| Property Taxes | $107 | $1,284 |
| Electricity | $197 | $2,373 |
| Total | $837 | $10,044 |
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)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-18 | Listed for sale | $94,500 |
| 2025-11-19 | Listing removed | $94,500 |
| 2025-11-19 | Listed for sale | $94,500 |
| 2025-10-21 | Pending sale | $94,500 |
| 2025-10-02 | Listed for sale | $94,500 |
| 2006-05-24 | Sold | $40,000 |
| 2005-09-19 | Sold | $38,000 |
| 1996-05-29 | Sold | $32,700 |
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