186 Parmely Ave, Elyria, Ohio: A $98,000 Property With Two Residential Dwellings
Finding an affordable property with multiple living spaces can be especially interesting for buyers who want flexibility from their real estate purchase. A property currently listed for $98,000 at 186 Parmely Ave, Elyria, OH 44035, offers a combination that stands out from a typical single-family home: the property includes two separate residential dwellings on one parcel, according to the listing description.
The property features approximately 1,440 square feet of interior living space, a large 0.28-acre lot, two levels, a garage, driveway parking, public utilities, and no homeowners association listed.
The primary residence is described as a two-bedroom, one-bath home, while a second dwelling located above the garage is described as a one-bedroom, one-bath efficiency apartment. This arrangement may provide additional flexibility for an owner occupant or someone interested in exploring rental possibilities.
Because the property was originally built in 1900, its age is also an important consideration. Buyers should carefully investigate the condition of the structure, major systems, utilities, roof, electrical components, plumbing, and the separate living space before making a purchasing decision.
Property Overview
The asking price for 186 Parmely Ave is $98,000.
Based on the listed 1,440 square feet of interior living space, the advertised price works out to approximately $68 per square foot.
The home is classified as a single-family residence and has a bungalow architectural style. It is a two-story property located on a 0.28-acre parcel in Elyria.
Key Property Details
- Address: 186 Parmely Ave, Elyria, OH 44035
- List Price: $98,000
- Bedrooms: 3
- Bathrooms: 2
- Interior Living Area: 1,440 square feet
- Lot Size: 0.28 acres
- Year Built: 1900
- Stories: 2
- Architectural Style: Bungalow
- Garage: 1 space
- Parking: Driveway
- Heating: Forced air, gas
- Cooling: Wall units listed; no central cooling
- Water: Public
- Sewer: Public sewer
- HOA: None listed
- Annual Property Tax: $1,931
- Tax Assessed Value: $77,410
- Listing Terms: Cash and conventional financing
The listing was placed on the market on September 11, 2026, according to the information provided.
Two Separate Residential Dwellings
The feature that makes this property particularly notable is the presence of two residential dwellings on the same parcel.
According to the listing description, the primary residence contains two bedrooms and one full bathroom. A second residential space is located above the garage and is described as a one-bedroom, one-bath efficiency apartment.
This type of setup can provide several possible uses.
An owner occupant could potentially live in the primary residence while using the second dwelling for guests, extended family, or another purpose permitted by local regulations.
Alternatively, a purchaser interested in rental property may investigate whether both living spaces can legally and practically be rented separately.
However, buyers should not assume that the second dwelling automatically qualifies as an independent rental unit. Zoning, occupancy permits, building codes, utility arrangements, entrances, fire safety requirements, and other local regulations can affect how the space may be used.
Verification with the appropriate local authorities is therefore an important part of evaluating the property.
Primary Residence
The main residence is described as a two-bedroom, one-bath home.
The first floor includes one bedroom according to the listing’s fact section, while the overall property is listed with three bedrooms.
The main living space can therefore potentially provide a traditional residential arrangement for a small household.
Two bedrooms may be suitable for a couple, a small family, a single occupant who wants a guest room, or a homeowner who needs a dedicated office or hobby room.
The exact dimensions and condition of individual rooms should be confirmed during a property inspection because the listing information does not provide complete room measurements.
One-Bedroom Efficiency Apartment
Above the garage is a separate space described by the listing as a one-bedroom, one-bath efficiency apartment.
This additional dwelling is potentially one of the property’s most significant features because it creates a separate living area within the same parcel.
An efficiency apartment can be useful for several purposes, including accommodating a family member, hosting guests, creating a private workspace, or exploring an additional rental arrangement.
For anyone considering the property specifically because of the apartment, it is important to verify its legal status.
Potential questions include whether the apartment has its own entrance, whether it has separate utility metering, whether it has been approved as a residential unit, and whether local regulations permit it to be rented independently.
These details can have a major impact on how the property can be used.
Large 0.28-Acre Lot
The property sits on approximately 0.28 acres, giving it a relatively substantial amount of outdoor space for a residential property in this price range.
A larger lot can provide flexibility for outdoor activities, gardening, landscaping, recreation, storage, or other permitted uses.
For buyers who value outdoor space, the parcel may be one of the home’s appealing characteristics.
However, the usable portion of a lot can vary depending on setbacks, driveways, structures, drainage, easements, and local zoning regulations.
Anyone considering additions, sheds, fencing, parking improvements, or other outdoor projects should verify local requirements before beginning any work.
Garage and Driveway
The property includes a one-car garage and driveway parking.
The garage is particularly relevant because the additional efficiency apartment is located above it.
The garage itself should be inspected for structural integrity, roof condition, water intrusion, electrical components, doors, flooring, and other maintenance concerns.
Because another living area is positioned above the garage, buyers may also want to pay particular attention to the condition of the structure supporting the upper unit.
A qualified home inspector can provide more detailed information about the property than can be obtained from a listing description alone.
Forced-Air Gas Heating
The property uses forced-air gas heating.
A gas forced-air system can provide heating throughout the residence, but the condition and age of the equipment are important considerations.
Since the house was built in 1900, buyers should determine whether the current heating system is newer or dates from an earlier period.
A professional HVAC inspection can help determine the condition of the furnace, ductwork, thermostat, ventilation, and other components.
Buyers may also want to ask about previous maintenance and typical utility expenses.
Heating costs can vary depending on weather, insulation, windows, household behavior, system efficiency, and energy prices.
Cooling Options
The listing does not indicate central air conditioning.
Instead, the property information lists wall unit(s) under cooling.
This means prospective buyers should determine exactly what cooling equipment is currently installed and which areas of the property it serves.
During warmer months, the effectiveness of wall-mounted cooling units can vary depending on room size, insulation, windows, and the number and location of units.
Anyone who considers central air conditioning important should evaluate the cost and feasibility of installing a system.
No Basement Listed
Unlike many older homes in Ohio, the property is listed as having no basement.
This is an important characteristic to consider when comparing the home with other properties in the area.
The absence of a basement means homeowners may have less traditional storage space and may need to rely on closets, garages, sheds, or other areas.
On the other hand, a property without a basement does not have the same basement-related maintenance considerations as a home with below-grade living or storage space.
Public Water and Sewer
The property is connected to public water and public sewer.
This can simplify utility arrangements compared with homes that depend on private wells or septic systems.
However, buyers should still verify the condition of plumbing throughout the property, particularly given the home’s age.
Older properties may have experienced multiple plumbing upgrades over the years, and the current materials and condition should be determined during inspection.
The same applies to the sewer connection and any potential drainage concerns.
Historic Construction Dating to 1900
One of the most important facts about 186 Parmely Ave is its construction date.
The home was built in 1900, meaning it is more than a century old.
Older properties can have distinctive layouts and architectural characteristics, but they can also require careful evaluation of their major systems.
Potential inspection areas include:
- Foundation
- Roof
- Electrical wiring
- Plumbing
- Heating system
- Windows
- Exterior siding
- Structural components
- Insulation
- Drainage
- Flooring
- Walls and ceilings
- Garage structure
A buyer should consider the property’s age when estimating both immediate and long-term maintenance costs.
Aluminum Siding and Asphalt Roof
The exterior is listed as having aluminum siding, while the roof is described as asphalt and fiberglass.
The condition and remaining useful life of the roof should be confirmed through an inspection.
Roof repairs or replacement can represent a significant expense, so buyers should determine whether there are visible signs of aging, leaks, missing materials, or previous repairs.
Aluminum siding can also require maintenance, particularly if individual sections are damaged or if moisture has affected areas behind the exterior covering.
Property Taxes
The listing reports an annual property tax amount of approximately $1,931 and a tax-assessed value of $77,410.
Property taxes should be included in any household or investment budget.
However, tax figures can change, and buyers should verify the most current information before relying on the listed amount for long-term financial planning.
A purchaser should also consider other recurring costs such as homeowners insurance, utilities, maintenance, repairs, and possible improvements.
No HOA
The property is listed as having no homeowners association.
The absence of an HOA may give the owner greater flexibility concerning property decisions, landscaping, exterior maintenance, and other matters that might otherwise be governed by association rules.
Nevertheless, local zoning and municipal regulations still apply.
Anyone considering changes to the property should verify what is permitted before starting construction or modifying the use of either residential dwelling.
Potential Rental Considerations
The listing specifically markets the property toward investors because of the two residential spaces.
Having a primary residence plus an additional apartment can potentially create more than one source of occupancy.
However, potential rental income should never be estimated solely from the listing description.
An investor would need to research comparable rental properties in Elyria, current rental demand, local regulations, expected vacancy, property management costs, insurance, maintenance, taxes, utilities, and financing expenses.
The legal status of the second dwelling is especially important.
A buyer should confirm whether the apartment can legally function as an independent residential unit and whether any permits or certificates are required.
Owner-Occupant Possibilities
The property may also be considered by buyers who intend to live there themselves rather than purchase it strictly as an investment.
The main residence could provide a private living space while the apartment offers additional flexibility.
Depending on local regulations and the condition of the unit, the additional space could potentially be used by relatives, guests, or another occupant.
This arrangement can be appealing to people who want a property with multiple living areas without purchasing a larger conventional house.
Financing and Purchase Terms
The listing indicates that the property is being offered with cash and conventional financing terms.
Potential buyers should discuss financing options with their lender before making an offer.
For an older property with multiple residential spaces, lenders may have specific requirements concerning property condition, appraisal, insurance, zoning, and legal use.
The fact that the listing describes two residential dwellings also makes it particularly important to confirm how the property will be classified for financing purposes.
Buyers should not assume that every mortgage product will treat the property in the same way.
What Buyers Should Investigate Before Buying
A thorough due-diligence process is particularly important for this property.
Before making an offer, potential buyers may want to verify:
1. Legal Status of the Second Dwelling
Confirm whether the apartment above the garage is legally recognized as a residential unit.
2. Zoning
Check whether local zoning regulations permit multiple dwelling units on the parcel.
3. Utilities
Determine whether both living spaces share utilities or have separate meters.
4. Electrical Systems
Inspect electrical wiring, panels, outlets, and service capacity.
5. Plumbing
Check the plumbing system serving both residential areas.
6. Roof
Determine the age and condition of the roof over the main house and garage.
7. Garage Structure
Because the apartment is above the garage, the structural condition of the garage deserves particular attention.
8. Heating and Cooling
Verify which heating and cooling systems serve each dwelling.
9. Property Taxes
Confirm the current tax balance and annual property tax obligations.
10. Rental Regulations
If rental use is planned, research local landlord, occupancy, licensing, and inspection requirements.
Is 186 Parmely Ave Worth Investigating?
The answer depends on the buyer’s goals, budget, and assessment of the property’s condition.
The listing offers several measurable characteristics: a $98,000 asking price, approximately 1,440 square feet, a 0.28-acre lot, three listed bedrooms, two bathrooms, a garage, and two described residential living spaces.
For someone seeking a conventional single-family property, the second dwelling may provide additional flexibility. For an investor, the potential for separate occupancy may be an important part of the property’s appeal.
At the same time, the house’s 1900 construction date means inspection and due diligence should be taken seriously.
The most important questions are not limited to the purchase price. Buyers should understand the condition of the property, the legal status of the second dwelling, expected repair requirements, ongoing expenses, and permitted uses.
Final Thoughts
186 Parmely Ave in Elyria, Ohio, is listed at $98,000 and offers an unusual configuration compared with many homes at a similar price point.
The property includes a primary two-bedroom residence and a separate one-bedroom efficiency apartment above the garage, according to the listing description. Together, the spaces provide approximately 1,440 square feet of listed interior area.
The 0.28-acre lot, garage, driveway, public utilities, gas forced-air heating, and absence of an HOA add additional practical characteristics.
The property’s age is also an important part of the story. Built in 1900, the home should be evaluated carefully for structural, electrical, plumbing, roofing, heating, and other maintenance considerations.
For buyers interested in the additional apartment, verifying zoning, permits, occupancy requirements, utility arrangements, and the legal status of the second dwelling should be a priority.
At $98,000, the property presents a combination of traditional residential space and an additional living area that may appeal to owner occupants and buyers researching real estate opportunities in Elyria.
As with any real estate purchase, the listing price is only one part of the decision. A professional inspection, review of public records, verification of zoning and permits, financing discussions, and a careful assessment of ongoing costs can help a prospective buyer develop a clearer picture of the property before moving forward.
From Zillow