Remodeled Triplex with
550-554 Magnolia Avenue, Cuyahoga Falls, OH 44221
For Sale
$324,000
Under Contract
ResidentialIncome, Cuyahoga Falls, OH
Property SizeContact for details
Lot Size0.45 Acres
Days on Market52
Property Features for 550-554 Magnolia Avenue
General Information
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Building Details
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Listing Agency:
Mosholder Realty Inc.
(330) 633-5536
Listed By:
Chelsea Reed · License #2025007630
(330) 696-9227
Added: Sep 17
Changed: Oct 23
Last Checked: Nov 7 at 12:06PM
MLS# 5245660
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Investment Insights
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This triplex at 550-554 Magnolia Avenue includes three separate residential units and a remodeled main-floor residence with 4 bedrooms and 2 bathrooms. Improvements include a kitchen with granite countertops, updated flooring, and new appliances. The property also provides laundry appliances, central air, natural gas and electric heating systems, a garage, and driveway parking.
The 0.4458-acre property is served by public water and public sewer. Built in 1940, the building features stone and vinyl siding construction with an asphalt and fiberglass roof. Two units have established rental histories, including occupants associated with approximately 12 years and approximately 7 years of tenancy, respectively.
The 0.4458-acre property is served by public water and public sewer. Built in 1940, the building features stone and vinyl siding construction with an asphalt and fiberglass roof. Two units have established rental histories, including occupants associated with approximately 12 years and approximately 7 years of tenancy, respectively.
Key Highlights
- Three separate residential units on a 0.4458‑acre parcel
- Remodeled main‑floor unit with 4 bedrooms and 2 bathrooms
- Updated kitchen with granite countertops and new appliances
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
691
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Demographics for 44221, OH
29,601
Population
14,379
Households
2.1
Avg Household Size
39
Median Age
31%
College-Educated
93%
High-School Grad
6.4 sq mi
ZIP Area
4,625
Density / Sq Mi
$61,893
Median Household Income
$40,060
Median Earnings
$1,026
Median Rent
$160,400
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Summit County, OH
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Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential property with an updated main-floor residence, separate rental units, and public water and sewer service.
Where is this triplex located?
The property is located at 550-554 Magnolia Avenue Cuyahoga Falls, OH.
What is the asking price?
The asking price for this property is $324,000.
What are key features of this property?
This property features: Three separate residential units on a 0.4458‑acre parcel; Remodeled main‑floor unit with 4 bedrooms and 2 bathrooms; Updated kitchen with granite countertops and new appliances
