Well-Maintained Duplex in Ravenna,
246 Grant Street Ravenna, OH 44266
For Sale
$160,000
MULTI_FAMILY - Ravenna, OH
Property Size1,657 SF
Lot Size0.28 Acres
Price / SF$96.56
Days on Market126
Property Features for 246 Grant Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Rooms
Bathroom 2, Bedroom 2, Bathroom 1, Basement, Bedroom 1, Bedroom 3
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
Listing Agency:
Berkshire Hathaway HomeServices Stouffer Realty
(330) 677-3430
Listed By:
Jennifer M Filipczak-Turner · License #2008002967
(330) 554-6507
Added: Mar 26
Changed: Jul 28
Last Checked: Jul 29 at 3:06AM
MLS# 5196456
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 well-maintained duplex presents a great investment opportunity. The property features 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 and are currently on month-to-month leases, offering flexibility for the new owner. The property size is 1657 square feet and the lot size is 0.2833 acres. Located in Ravenna, OH, this property is ready to generate income or serve as a solid addition to an investment portfolio.
Key Highlights
- Well‑maintained duplex built in 1920 with vinyl siding and asphalt roof
- Heating: natural gas forced air
- Public utilities: public water and public sewer
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.9k | $13.20 |
| − Vacancy | −$1.3k | −$0.76 |
| EGI | $20.6k | $12.44 |
| − OpEx | −$6.2k | −$3.73 |
| NOI | $14.4k | $8.71 |
1,657 SF · lease $13.20/SF/yr · vacancy 5.79% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$206.1K
$180.3K – $240.4K
NOI $14,424 @ 7.0% cap · market cap 9.01%
Second Best
Apartment 5plus
$190.7K
$166.9K – $222.5K
NOI $13,350 @ 7.0% cap · market cap 8.34%
Theoretical Best
Office A
$333.8K
$292.0K – $389.4K
NOI $23,363 @ 7.0% cap · market cap 14.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Updated duplex with tenant-paid utilities and flexible lease terms.
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 $160,000.
What are key features of this property?
This property features: Well‑maintained duplex built in 1920 with vinyl siding and asphalt roof; Heating: natural gas forced air; Public utilities: public water and public sewer
