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About This Home
This 5-bedroom, 3-bathroom residential multi family at 242 W Highland Avenue in Ravenna, OH is listed for $220,000 ($86 per sqft). Built in 1890, the home offers 2,571 sqft of living space on a 0.28 acres lot.
Great investment opportunity in the heart of Ravenna! This fully occupied triplex generates $2,400/month in gross income and features three well-maintained units-one 3-bedroom and two 1-bedroom apartments. Each unit offers spacious rooms, excellent storage, and separate utilities (owner pays water, sewer, and trash).
Tenants cover gas and electric. Additional highlights include a large off-street parking lot accessed from Springfield Ave, public utilities, and a solid rental history. Conveniently located near downtown amenities, shopping, and major routes. A strong turnkey addition to any portfolio or a great start for a new investor!
Key Features
- Built in 1890
- 0.28 acre lot
- 2 stories
Property Details
Monthly Cost Estimate
$1,177/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
242 W Highland Avenue
Ravenna, OH 44266
Hld
Property Details
Construction
Parking
Heating
Questions & Answers
This 5-bedroom, 3-bathroom residential multi family at 242 W Highland Avenue is listed at $220,000 ($86/sqft). The estimated monthly payment is $953 based on 20% down at 6.5% interest.
Key features include: Built in 1890, 0.28 acre lot, 2 stories.
This property is listed by Jennifer M Filipczak-Turner and can be reached at 3305546507 or jturner.realtor@gmail.com.
