Three-Unit Residential Income
541 & 547 E Main Street Ravenna, OH 44266
541 & 547 E Main Street, Ravenna, OH, 44266
$369,000
For Sale
$369,000
MULTI_FAMILY - Ravenna, OH
Property Size2,208 SF
Lot Size1.06 Acres
Price / SF$167.12
Days on Market33
Property Features for 541 & 547 E Main Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Bedrooms
- 7
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bedroom 2, Bedroom 4, Bedroom 6, Bedroom 3, Laundry Room, Basement, Bedroom 1, Bedroom 7, Bedroom 5, Bathroom 3, Bathroom 2
- Parking features
- Garage, Driveway
- Window features
- Blinds
- Interior features
- Chandelier, EatInKitchen
- Appliances
- Dishwasher, Range, Refrigerator, Washer
- Standard status
- Active
- APN
- 31-349-03-00-147-002
- Size
- 2,208 SF
- Lot size
- 1.06 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- DIV S LOT 49
- Tax Annual Amount
- 2727
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1901
- Floors in Building
- 2
- Building materials
- AluminumSiding
- Roof type
- Fiberglass, Asphalt
Listing Agency
Berkshire Hathaway HomeServices Simon & Salhany Realty
(330) 929-0707
205 W Portage Trail, Cuyahoga Falls, OH
Listed by
Leslee T Salhany · License #320795
(330) 958-1220
Added: Jun 19 Updated: Jul 20 at 10:16 pm Checked: Jul 21 at 4:06 am
MLS# 5220288
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 for-sale package combines three residential income units on one property: a single-family home at the front and a duplex at the rear. The duplex includes two units with separate gas and electric service and shared access to a 3-car garage.
Unit 541A (left side) features a spacious living room and an eat-in kitchen, plus two bedrooms. Unit 541B (right side, second floor) includes a living room, dining room, kitchen, and washer and dryer, along with shared access to the 3-car garage.
The single-family home at 547 E Main Street is tenant-occupied and the tenant pays utilities. Interior features include multiple living and dining spaces, an office off the living room, a first-floor full bath with double sinks, a first-floor bedroom with a walk-in closet, and two additional bedrooms on the second floor, along with a decorative, non-functioning fireplace.
Unit 541A (left side) features a spacious living room and an eat-in kitchen, plus two bedrooms. Unit 541B (right side, second floor) includes a living room, dining room, kitchen, and washer and dryer, along with shared access to the 3-car garage.
The single-family home at 547 E Main Street is tenant-occupied and the tenant pays utilities. Interior features include multiple living and dining spaces, an office off the living room, a first-floor full bath with double sinks, a first-floor bedroom with a walk-in closet, and two additional bedrooms on the second floor, along with a decorative, non-functioning fireplace.
Key Highlights
- Package sale at 541 and 547 E Main Street includes a duplex and a front single‑family home
- Duplex has 2 units with separate gas and electric service and shared 3‑car garage access
- Unit 541A (left side) offers living room 13x18, eat‑in kitchen 10x19, primary bedroom 14x17, and second bedroom 10x17
Local 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 | $29.1k | $13.20 |
| − Vacancy | −$1.7k | −$0.76 |
| EGI | $27.5k | $12.44 |
| − OpEx | −$8.2k | −$3.73 |
| NOI | $19.2k | $8.71 |
2,208 SF · lease $13.20/SF/yr · vacancy 5.79% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$274.6K
$240.3K – $320.4K
NOI $19,221 @ 7.0% cap · market cap 5.21%
Second Best
Apartment 5plus
$254.1K
$222.4K – $296.5K
NOI $17,789 @ 7.0% cap · market cap 4.82%
Theoretical Best
Office A
$444.7K
$389.2K – $518.9K
NOI $31,132 @ 7.0% cap · market cap 8.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Package includes a front single-family home and a rear duplex with separate gas and electric service and a shared 3-car garage.
Where is this triplex located?
The property is located at 541 & 547 E Main Street Ravenna, OH.
What is the asking price?
The asking price for this property is $369,000.
What are key features of this property?
This property features: Package sale at 541 and 547 E Main Street includes a duplex and a front single‑family home; Duplex has 2 units with separate gas and electric service and shared 3‑car garage access; Unit 541A (left side) offers living room 13x18, eat‑in kitchen 10x19, primary bedroom 14x17, and second bedroom 10x17
