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Three-Unit Triplex with Basement
For Sale
$307,000

8218 Park Avenue #3, Garrettsville, OH 44231

Fully occupied apartments with tenant-paid utilities and two additional lots.

Property SizeContact for details
Days on Market39

Property Features for 8218 Park Avenue #3

General Information

Standard status Active
Property subtype Residential Income

Additional Details

Multifamily Units 3

Taxes and HOA fees

Annual Taxes $1,610

Building Details

Year Built 1900
Buildings 1
Stories 2
Listing Agency: MB Realty Group
Listed By: Dolores McCumbers · License #224595
Source: Carolgoffrealestate
Added: Jul 24 Changed: Aug 30 Last Checked: Aug 30 at 5:36PM

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

Investment Insights

Based on property information with market context.

This triplex at 8218 Park Avenue in Garrettsville includes three apartments and a basement. Built in 1900, the property is fully rented, with tenants responsible for all utilities. Ownership includes lawn mowing and snow removal responsibilities, while two additional lots are part of the offering.

The property is across from the YMCA and located a short distance from a pickleball court. It is also within the JAGarfield school district. The house was historically known as the Garrett House, adding an established identity to the multifamily asset.

Key Highlights

  • Three apartments, all currently rented
  • Tenants pay all utilities
  • Basement included with the property

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

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
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Frequently Asked Questions

What type of property is this?
Triplex - Fully occupied apartments with tenant-paid utilities and two additional lots.
Where is this triplex located?
The property is located at 8218 Park Avenue #3 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 rented; Tenants pay all utilities; Basement included with the property
More about this property
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