Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    246 Grant Street Ravenna, OH 44266

    View on Map
    Claim this Listing
    For Sale
    $185,000

    MULTI_FAMILY - Ravenna, OH

    Property size:
    1,657 SF
    Lot size:
    0.28 Acres
    Price / SF:
    $111/SF
    Added:
    Mar 26, 2026
    Days on Market:
    34
    Last Refresh:
    Apr 28 at 5:06 pm

    Property Features for 246 Grant Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    3
    Bathrooms
    2
    Rooms
    Bedroom 1, Bedroom 3, Basement, Bathroom 1, Bedroom 2, Bathroom 2
    Parking features
    Off Street
    Standard status
    Active
    APN
    31-361-14-00-145-000
    Size
    1,657 SF
    Lot size
    0.28 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    RK LOT 11 F 66.00
    Tax Annual Amount
    2305

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Water source
    Public

    Building Details

    Year built
    1920
    Floors in Building
    2
    Building materials
    VinylSiding
    Roof type
    Asphalt

    We can help!

    Listing Contact
    Jennifer M Filipczak-Turner

    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 Mar 26, 2026

    MLS# 5196456 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.

    Overview

    Well-Maintained Duplex Investment Opportunity

    This well-maintained duplex presents a great investment opportunity. The property has undergone major exterior and mechanical updates. In 2021, new siding was installed, along with a new front porch and rear porch. Electrical updates include two new panels installed in 2023. A new hot water tank was added for one unit in 2024. Tenants are responsible for their own utilities. The tenants are currently on month-to-month leases, offering flexibility for the new owner to continue renting or make future changes. The property size is 1657 square feet and the lot size is 0.2833 acres. The seller is a licensed Realtor.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Ravenna
    County
    Portage
    State
    Ohio
    Longitude
    -81.249177
    Latitude
    41.156255

    Nearby Similar for Sale

    • $215,000
      1,854 SF

      Charming Ravenna Home with Apartment

      Charming home with separate apartment, ideal for rental income.
      241 S Freedom Street, Ravenna, OH 44266
      View Details
    • $349,900
      4,316 SF

      Renovated Office Building For Sale

      Completely renovated office building in Ravenna, Ohio.
      817 W Main St, Ravenna, OH
      View Details
    • $3,406,000
      14,820 SF

      Walgreens Ravenna Net-Leased Asset

      Net-leased Walgreens in Ravenna, Ohio, with strong fundamentals.
      144 E Main St, Ravenna, OH 44266
      View Details
    • $424,900
      4,152 SF

      Rootstown Auto Service Garage

      Turn-key auto service operation with additional land site.
      4824 S Prospect St, Ravenna, OH
      View Details
    • Contact for pricing
      3,016 SF

      Spacious Condo Suite Near Hospitals

      3,016 SF condo suite near University Hospitals Portage Medical Center.
      6693 N Chestnut St, Ravenna, OH
      View Details
    • $409,900
      784,081 SF

      817 W Main Street

      Extensively renovated 784,081 square foot commercial building in Ravenna, Ohio.
      817 W Main Street , Ravenna, OH 44266, Ravenna, OH 44266
      View Details
    • $250,000
      2,700 SF

      240 S Chestnut Street

      2700 sq ft commercial building in Downtown Ravenna, Ohio.
      240 S Chestnut Street , Ravenna, OH 44266, Ravenna, OH 44266
      View Details
    • $250,000
      2,700 SF

      Downtown Ravenna Office Building

      Office building near Portage County Courthouse with on-site parking.
      240 S Chestnut Street, Ravenna, OH 44266
      View Details
    • $250,000
      2,700 SF

      Ravenna Freestanding Office Building For Sale

      2700 SF office building in Ravenna's Central Business District.
      240 S Chestnut St, Ravenna, OH 44266
      View Details
    • $175,000
      3,016 SF

      Medical Office Condo For Sale

      3,016 SF condo suite near University Hospitals Portage Medical Center.
      6693 N Chestnut St, Ravenna, OH 44266
      View Details

    FAQs

    What type of property is this?
    Duplex - Updated duplex in Ravenna, OH, with tenant-paid utilities.
    Where is this duplex located?
    The property is located at 246 Grant Street Ravenna, OH.
    What is the asking price?
    The asking price for this property is $185,000.
    What are key features of this property?
    This property features: Major exterior updates including new siding and front/rear porch (2021).; Tenants pay their own utilities, reducing owner expenses.; Month‑to‑month leases offer flexibility.
    (330) 554-6507
    We can help!
    Listing Contact
    Jennifer M Filipczak-Turner
    Real Estate License ID: 2008002967
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!