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121 E Highland Avenue

Ravenna, OH 44266

5 beds
4 baths
3,306 sqft
13,591 sqft lot
$72 per sqft
1926 build
– on site

This 3-unit investment property in Ravenna presents an incredible opportunity for steady rental income with significant upside potential. The property is in excellent condition, with all major mechanicals updated in recent years, including the roof, windows, wiring, water heaters, and furnace—providing peace of mind and minimizing future maintenance costs. Neat and well-maintained, each unit is currently fully rented with one-year leases in place, ensuring immediate cash flow. Best of all, the current rental rates are significantly below market value, offering an attractive opportunity for future rent increases and maximizing your investment return. Don't miss out on this rare find!

Listing courtesy of MLS_NOW / Tarter Realty

Last checked: Checking… • Last updated Dec 19, 2024 •

MLS# 5090604 —

The Building

Year Built:

1926
Year Built Source:

PublicRecords
Construction Materials:

VinylSiding
Levels:

ThreeOrMore
Stories:

3
Roof:

Asphalt,Fiberglass
Basement:

Full
Basement:

true
# of Buildings:

1
Above Grade Finished Area:

3306.0
Above Grade Finished Area Source:

Assessor

Interior

Accessibility Features:

None

Room Dimensions

Living Area:

3306.0
Living Area Units:

SquareFeet

Location

Directions:

Take Prospect St to E Highland Ave. Home on the right.
Latitude:

41.160508
Longitude:

-81.242013

The Property

Parcel Number:

31-349-04-00-040-000
Property Type:

ResidentialIncome
Property Subtype:

Triplex
Property Subtype Additional:

Triplex
Lot Size Acres:

0.312
Lot Size Area:

0.312
Lot Size Units:

Acres
Lot Size Source:

PublicRecords
Waterfront:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Annual Amount:

$2,682

Beds

Bedrooms Total:

5

Baths

Total Baths:

4
Full Baths:

3
Half Baths:

1

The Listing

Home Warranty:

false
Special Listing Conditions:

Standard
Virtual Tour URL Unbranded 3:

https://www.propertypanorama.com/121-E-Highland-Avenue-Ravenna-OH-44266--5090604/unbranded

Heating & Cooling

Heating:

Baseboard,Electric,ForcedAir,Gas
Heating:

true
Cooling:

None
Cooling:

false

Utilities

Sewer:

PublicSewer
Water Source:

Public

Appliances

Laundry Features:

MainLevel

Schools

Elementary School District:

Ravenna CSD - 6706
Middle School District:

Ravenna CSD - 6706
High School District:

Ravenna CSD - 6706

The Community

Pool Private:

false

Parking

Garage:

true
Attached Garage:

false
Garage Spaces:

3.0
Carport:

false
Parking Features:

Detached,Garage,Unpaved

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
12/18/24 Dec 18, 2024	Listed / Active	MLS_NOW	$239,900

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This multifamily located in Ravenna Main Street Historic District, Ravenna, OH 44266 is currently for sale for $239,900. 121 E Highland Avenue is a 3,306 square foot multifamily with 5 beds and 4 baths that has been on Estately for 0 days. 121 E Highland Avenue is in the Ravenna Main Street Historic District neighborhood of Ravenna and has a WalkScore® of 79, making it very walkable. This multifamily is in the attendance area of Ravenna High School, West Park Elementary School, Carlin Elementary School, and Brown Middle School.

Listing Courtesy of: MLS_NOW and Tarter Realty.

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than Estately are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The information included in this listing is exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed.