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$ 167,000
$ 167,000
Est. payment /mo
Sold on 06/05/2026
2347-2349 Nicholas AVE Akron, OH 44305
5 Beds
3 Baths
1,560 SqFt
UPDATED:
Key Details
Sold Price $167,000
Property Type Single Family Home, Multi-Family
Sub Type Triplex
Listing Status Sold
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
Year Built 1962
Annual Tax Amount $3,048
Tax Year 2025
Lot Size 9,988 Sqft
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!
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
Interior
Heating Forced Air, Gas
Cooling Central Air, Wall Unit(s)
Exterior
Parking Features Common, Driveway
Fence Back Yard, Chain Link
Roof Type Asphalt,Fiberglass
Building
Sewer Public Sewer
Water Public
Schools
School District Akron Csd - 7701
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Greg Stearn • RE/MAX Trends Realty • [email protected], 330-418-1212
Bought with Ryan M Johnston • RE/MAX Trends Realty
Bought with Ryan M Johnston • RE/MAX Trends Realty
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