Listing Agency: MB Realty Group d***@gmail.com Show Phone

Listed By: Dolores McCumbers · License #224595 Show Phone

Source: Exprealty

Added: Jul 26 Changed: Jul 31 Last Checked: Jul 31 at 6:25PM

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Investment Insights

Based on property information with market context.

This triplex offers three apartments that are described as totally rented. The property also includes a basement and is presented as having been originally built as a historic house known as the Garrett House.

The address provided is 3-8218 Park Ave, Garrettsville, OH. The home is positioned across from the YMCA and is described as being just a few feet to a Pickle Ball court. It is also noted as being in the JGarfield school district.

Two additional lots are included with the property. Tenants are described as paying all utilities, while the owner provides lawn mowing and snow blowing.

Key Highlights

• Three apartments are described as fully rented
• Tenants pay all utilities; owner provides lawn mowing and snow blowing
• Historic Garrett House origin

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Parking Lot & Garage Plumbing Service (Bike/Boat/Book/etc) Store HVAC Service Skin Care Clinic Nail Salon

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

3

Residential units

100%

Occupancy

Location Intelligence

Trade Area within ½ mile

205

Businesses Nearby

Explore this area Business Placement

Demographics for 44231, OH

8,398

Population

3,253

Households

2.6

Avg Household Size

41

Median Age

21%

College-Educated

86%

High-School Grad

48.9 sq mi

ZIP Area

172

Density / Sq Mi

$85,455

Median Household Income

$39,434

Median Earnings

$909

Median Rent

$204,700

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Triplex - Three apartments are fully rented, with tenants paying utilities and the owner providing lawn mowing and snow blowing.

Where is this triplex located?

The property is located at 3-8218 Park Ave Garrettsville, OH.

What is the asking price?

The asking price for this property is $307,000.

What are key features of this property?

This property features: Three apartments are described as fully rented; Tenants pay all utilities; owner provides lawn mowing and snow blowing; Historic Garrett House origin