Property
Beds
5
Full Baths
4
1/2 Baths
None
Year Built
1948
Sq.Footage
1,576
4-unit investment property, gross projected rent over $40,000 in a peaceful, highly sought-after area of Tallmadge. The two home property is situated on 1.6 acres; featuring a 1 bed / 1 bath house and a triplex. At full occupancy, this property is an amazing ash-flowing investment with room to grow. The rental breakdown includes a 1 bed, 1 bath house rented for $625/month; a 2 bed, 1 bath unit in the triplex potential rent at $1200/month; a studio renting for $650/month; and a 1 bed, 1 bath unit that is rented $965. All tenants are on month-to-month leases, allowing flexibility for adjustments or rent increases. With the final unit leased and rents brought up to market value, there’s significant upside potential. The owner self-manages and bills back water, gas, and electric for the house, while covering all utilities for the triplex for tenant convenience. The property has been well maintained, with recent updates including a new water heater installed in 2024, two brand new roofs, and a five-year-old furnace. This is a rare opportunity in a quiet, desirable location with strong projected income and long-term investment potential.
Features & Amenities
Interior
-
Total Bedrooms
5
-
Bathrooms
4
-
Above Grade Finished Area
1576.0
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
N/A
-
Heating YN
YES
-
Heating
Natural Gas, Forced Air
Exterior
-
Garage
No
-
Construction Materials
Aluminum Siding, Brick
-
Parking
Additional Parking, Driveway, Parking Lot
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.9642
-
Property Type
Residential Income
-
Property Sub Type
Quadruplex
Price
-
Sales Price
$205,000
-
Tax Amount
3519.0
-
Sq. Footage
1, 576
-
Price/SqFt
$130
HOA
-
Association
No
School District
-
Elementary School
Tallmadge CSD - 7715
-
Middle School
N/A
-
High School
N/A
Property Features
-
Sewer
Public Sewer
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Location
County
Summit
Elementary School
Tallmadge CSD - 7715
Middle School
High School
Listing Courtesy of Austin Assad , HomeSmart Real Estate Momentum LLC
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