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Triplex with Basement

8218 Park Ave Unit 8218-A & B & 8220, Garrettsville, OH 44231

For Sale
$307,000
Pending

All three apartments are occupied, with residents responsible for their utility costs.

Property SizeContact for details
Days on Market150

Property Features for 8218 Park Ave Unit 8218-A & B & 8220

General Information

Standard status Pending
Property subtype Multi-Family
Occupancy 100%

Additional Details

Multifamily Units 3
Tenant in Place Yes

Building Details

Year Built 1900
Listing Agency: MB Realty Group
Listed By: Dolores McCumbers · License OH #224595
Source: Greaterclevelandhomesforsale
Added: Jun 15 Changed: Nov 10 Last Checked: Nov 10 at 2:21PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MB Realty Group

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Investment Insights

Based on property information with market context.

This 1900-built triplex contains three occupied apartments and includes a basement. Two additional lots are part of the property. The building was previously known as the Garrett House.

The property is across from the YMCA and a short distance from a pickleball court. It is within the J. A. Garfield school district. Residents pay utilities; the owner handles lawn mowing and snow removal.

Key Highlights

  • Three apartments, all currently occupied
  • Includes a basement and two additional lots
  • Built in 1900; formerly known as the Garrett House

Property Analytics

Lease Details

3
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

256
Businesses Nearby

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

Frequently Asked Questions

What type of property is this?
Triplex - All three apartments are occupied, with residents responsible for their utility costs.
Where is this triplex located?
The property is located at 8218 Park Ave Unit 8218-A & B & 8220 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, all currently occupied; Includes a basement and two additional lots; Built in 1900; formerly known as the Garrett House
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