Ravenna Triplex Investment
242 W Highland Avenue Ravenna, OH 44266
For Sale
$220,000
Pending
MULTI_FAMILY - Ravenna, OH
Property Size2,571 SF
Lot Size0.28 Acres
Days on Market59
Property Features for 242 W Highland Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 3, Bathroom 3, Bathroom 2, Bedroom 4, Basement, Bedroom 5, Bathroom 1, Bedroom 1, Bedroom 2
- Parking features
- Off Street, Parking Lot, Garage
- Standard status
- Pending
- APN
- 31-360-03-00-092-000
- Size
- 2,571 SF
- Lot size
- 0.28 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- HLD LOT 6 F 73
- Tax Annual Amount
- 1937
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1890
- Floors in Building
- 2
- Building materials
- WoodSiding
- Roof type
- Asphalt
Listing Agency:
Berkshire Hathaway HomeServices Stouffer Realty
(330) 677-3430
Listed By:
Jennifer M Filipczak-Turner · License #2008002967
(330) 554-6507
Added: May 26
Changed: Jul 17
Last Checked: Jul 23 at 4:06PM
MLS# 5213026
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fully occupied triplex in Ravenna, Ohio, presents a great investment opportunity. The property generates $2,400 per month in gross income. It features three well-maintained units: one 3-bedroom apartment and two 1-bedroom apartments. Each unit offers spacious rooms and excellent storage. The owner pays for water, sewer, and trash, while tenants cover gas and electric. Additional features include a large off-street parking lot accessed from Springfield Ave and public utilities. The property has a solid rental history and is conveniently located near downtown amenities, shopping, and major routes. The property size is 2,571 square feet and the lot size is 0.2849 acres. It is a strong turnkey addition to any portfolio or a great start for a new investor.
Key Highlights
- Fully occupied triplex with three units: one 3‑bedroom and two 1‑bedroom apartments
- Gross income of $2,400/month from the fully occupied triplex
- Separate utilities: owner pays water, sewer, and trash; tenants pay gas and electric
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Fully occupied triplex in Ravenna generating $2,400 monthly income.
Where is this triplex located?
The property is located at 242 W Highland Avenue Ravenna, OH.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Fully occupied triplex with three units: one 3‑bedroom and two 1‑bedroom apartments; Gross income of $2,400/month from the fully occupied triplex; Separate utilities: owner pays water, sewer, and trash; tenants pay gas and electric
