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Leased Three-Unit Apartment Building
For Sale
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224 S Walnut St, Ravenna, OH 44266

Three-unit apartment building is 100% leased with two 1-bedroom units and one studio.

Property SizeContact for details
Days on Market133

Property Features for 224 S Walnut St

General Information

Standard status Active
Property subtype Multifamily
Occupancy 100%
Listing Agency: Platz Realty Group
Listed By: Adam Divelbiss · License #OH
Source: Crexi
Added: Apr 12 Changed: Aug 8 Last Checked: Jul 23 at 1:31AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Platz Realty Group

Investment Insights

Based on property information with market context.

This is a 100% leased three-unit apartment building offering two 1-bedroom units and one studio. Tenants pay gas and electric, helping separate utility costs from the property’s recurring operating expenses.

The building is located one block from East Main St and is near a variety of shops and restaurants.

For sale as a residential income property with current occupancy in place.

Key Highlights

  • 100% leased 3‑unit apartment building
  • Unit mix includes two 1‑bedroom units and one studio
  • Located 1 block from East Main St

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Bakery Garden Center Furniture & Home Goods Skin Care Clinic (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%
Occupancy

Location Intelligence

Trade Area within ½ mile

740
Businesses Nearby

Demographics for 44266, OH

32,606
Population
15,036
Households
2.2
Avg Household Size
43
Median Age
21%
College-Educated
92%
High-School Grad
91.9 sq mi
ZIP Area
355
Density / Sq Mi
$61,211
Median Household Income
$40,068
Median Earnings
$904
Median Rent
$159,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Three-unit apartment building is 100% leased with two 1-bedroom units and one studio.
Where is this triplex located?
The property is located at 224 S Walnut St Ravenna, OH.
What are key features of this property?
This property features: 100% leased 3‑unit apartment building; Unit mix includes two 1‑bedroom units and one studio; Located 1 block from East Main St
(501) 551-3817 Call to check price and availability
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