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    5601 Newton Falls Rd Ravenna, OH 44266

    For Sale
    $218,900

    MULTI_FAMILY - Ravenna, OH

    Property size:
    3,286 SF
    Lot size:
    0.56 Acres
    Days on Market:
    28
    Last Refresh:
    Dec 15 at 5:06 am

    Property Features for 5601 Newton Falls Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 2, Bathroom 1, Bedroom 6, Bedroom 3, Bathroom 2, Bedroom 4, Bedroom 5, Laundry Room, Bathroom 3, Basement, Bedroom 1
    Bedrooms
    6
    Bathrooms
    3
    APN
    05-037-00-00-002-000
    Parking features
    Garage
    Appliances
    Range, Refrigerator
    Size
    3,286 SF
    Lot size
    0.56 Acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Baseboard
    Cooling system
    Central Air
    Water source
    Well

    Building Details

    Year built
    1850
    Floors in Building
    2
    Building materials
    VinylSiding
    Roof type
    Asphalt

    Chervenic Realty Inc (330) 686-1644 [email protected]

    Listing agent Terry L Aikens (330) 815-9728 License #323136

    Listing date Nov 18, 2025

    MLS# 5153299 Listing URL

    Copyright © 2025 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.

    Overview

    Two-Unit Multifamily Home on Acreage

    This two-unit multifamily property presents an opportunity for owner-occupants or investors. Each unit features 3 bedrooms and high ceilings, blending modern updates with classic charm. The owner's unit includes an eat-in kitchen, ample storage, and access to a full-size basement. Situated on over half an acre, the property provides parking, a wooded backyard, and a front porch.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Pet Store Florist

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ravenna
    County
    Portage
    State
    Ohio
    Longitude
    -81.192186
    Latitude
    41.163365

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    FAQs

    What type of property is this?
    Duplex - Two-unit multifamily property with spacious units and wooded backyard.
    Where is this duplex located?
    The property is located at 5601 Newton Falls Rd Ravenna, OH.
    What is the asking price?
    The asking price for this property is $218,900.
    What are key features of this property?
    This property features: - Two-unit multifamily home ideal for owner-occupants or investors.; - Each unit features 3 generously sized bedrooms, providing ample living space.; - Situated on over half an acre with a beautiful wooded backyard, offering peace and privacy.
    (330) 815-9728
    Request Owner's contact information
    5601 Newton Falls Rd Ravenna, OH 44266
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    Ravenna, OH 44266
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5601 Newton Falls Rd Ravenna, OH 44266
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