2347-2349 Nicholas AVE, Akron, OH 44305
2347-2349 Nicholas AVE, Akron, OH 44305
2347-2349 Nicholas AVE, Akron, OH 44305
2347-2349 Nicholas AVE, Akron, OH 44305
2347-2349 Nicholas AVE, Akron, OH 44305
2347-2349 Nicholas AVE, Akron, OH 44305
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$ 167,000
Est. payment | /mo

5 Beds

3 Baths

1,560 SqFt


Save
$ 167,000
Est. payment | /mo
Save

5 Beds

3 Baths

1,560 SqFt

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,560 sqft

Price per Sqft $107

Subdivision Roosevelt Heights

MLS Listing ID 5210784

Bedrooms 5

Full Baths 3

HOA Y/N No

Abv Grd Liv Area 1,560

Year Built 1962

Annual Tax Amount $3,048

Tax Year 2025

Lot Size 9,988 Sqft

Acres 0.2293

Property Sub-Type Triplex

Property Description

Versatile multifamily opportunity in Akron with strong income and value-add potential. This fully occupied triplex offers immediate cash flow with long-term tenants in place, while presenting an excellent opportunity to increase rents—two of the units (2347 up and down) have not had rent increases since the sellers purchased the property. The property features three units:
2347 Lower – 1 bedroom, 1 bathroom, utility room, living room, and kitchen.
2347 Upper – 2 bedrooms, 1 bathroom, living room, kitchen, and sliding door access to a fenced backyard.
2349 Unit – 2 bedrooms, 1 bathroom, kitchen with laundry area, and a bright living room.
The 2349 unit has been remodeled, including upgraded windows in 2026. The 2347 units have had HVAC updates 4/22/2021, but limited additional improvements due to below-market rents—offering significant upside for the next owner.
Additional highlights include a large paved parking area for tenant convenience and two units with washer/dryer hookups. Kitchens in all units include a range and refrigerator, which will transfer with the sale.
Expenses are manageable, with the landlord currently paying approximately $250/month for city utilities (water, sewer, and trash) for the entire building. Major updates include the roof (2012), furnaces believed to be under 6 years old, and hot water tanks approximately 10 years old (ages are estimates, not guaranteed).
All units are currently leased on a month-to-month basis, providing flexibility for rent adjustments or future improvements.
Conveniently located near major routes, shopping, and local amenities, this property presents a compelling opportunity for investors seeking cash flow, portfolio expansion, or a value-add project.
Property is being sold AS IS.
Investor special with strong upside—don't miss the opportunity to unlock this property's full potential!

Location

State OH

County Summit

Rooms

Basement Apartment, Finished, Walk-Out Access

Interior

Heating Forced Air, Gas

Cooling Central Air, Wall Unit(s)

Fireplace No

Appliance Range, Refrigerator

Exterior

Parking Features Common, Driveway

Fence Back Yard, Chain Link

Water Access Desc Public

Roof Type Asphalt,Fiberglass

Private Pool No

Building

Sewer Public Sewer

Water Public

Level or Stories Two

Schools

School District Akron Csd - 7701

Others

Tax ID 6847217

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

IDX - Northern Ohio Regional MLS (YES-MLS)/MLS NOW
Listed by Greg Stearn • RE/MAX Trends Realty • sales@teamstearn.com, 330-418-1212

Nearby Locations

Tom Garuccio

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

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2347-2349 Nicholas AVE