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    Ravenna Triplex Investment Opportunity

    242 W Highland Avenue Ravenna, OH 44266

    Claim this Listing
    For Sale
    $220,000

    MULTI_FAMILY - Ravenna, OH

    Property size:
    2,571 SF
    Lot size:
    0.28 Acres
    Price / SF:
    $85/SF
    Added:
    May 26, 2026
    Days on Market:
    48
    Last Refresh:
    Jul 12 at 9:06 am

    Property Features for 242 W Highland Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    5
    Bathrooms
    3
    Rooms
    Bathroom 2, Bathroom 1, Bedroom 5, Bedroom 2, Bathroom 3, Basement, Bedroom 4, Bedroom 1, Bedroom 3
    Parking features
    Garage, Parking Lot, Off Street
    Standard status
    Active
    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
    Natural Gas, Forced Air
    Water source
    Public

    Building Details

    Year built
    1890
    Floors in Building
    2
    Building materials
    WoodSiding
    Roof type
    Asphalt

    Listing agent Jennifer M Filipczak-Turner License #2008002967

    Listing office Berkshire Hathaway HomeServices Stouffer Realty 4030 State Route 43, Ste 204, Fairlawn, OH

    Listing date May 26, 2026

    MLS# 5213026 Listing URL

    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 reported $2,400/month in gross income
    • Unit mix: one 3‑bedroom apartment and two 1‑bedroom apartments
    • 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

    Suggested Use

    Real Estate Agency Bakery Furniture & Home Goods Garden Center Daycare Center Big Box & Wholesale Store Skin Care Clinic Cafe & Coffee Shop Veterinary Clinic (Bike/Boat/Book/etc) Store

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

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    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 reported $2,400/month in gross income; Unit mix: one 3‑bedroom apartment and two 1‑bedroom apartments; Separate utilities: owner pays water, sewer, and trash; tenants pay gas and electric
    Contact an agent
    (330) 554-6507
    We can help!
    Contact an agent
    Jennifer M Filipczak-Turner
    Real Estate License ID: 2008002967
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