Akron Triplex – Prime Investment Opportunity!
This value-add property offers immediate income with significant upside potential. The lower unit is a 2-bedroom, 1-bath, currently tenant-occupied, Section 8 compliant, and generating $772/month on a month-to-month lease. The two upstairs units are both 1-bedroom, 1-bath and are currently vacant—perfect for renovation and increased rental income. Each unit is separately metered for gas and electric, making tenant management simple and efficient. With some updates, this triplex could deliver excellent cash flow in a high-demand rental area. Sold As-Is.
Closed
$135,000
12 Lake St, Akron, OH 44301
4beds
2,160sqft
Triplex, Multi Family
Built in 1920
-- sqft lot
$138,000 Zestimate®
$63/sqft
$979 Estimated rent
Home value
$138,000
$127,000 - $150,000
$979/mo
Zestimate® history
Owner options
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$933/mo
Est. payment
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$933/mo
Est. payment
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Zillow last checked:
Listing updated:
Listing Provided by:
Gypsy Smolsky gypsy.realohio@gmail.com407-630-2316,
Real of Ohio
Bought with:
Gypsy Smolsky, 2020007509
Real of Ohio
Source: MLS Now,MLS#: 5115860
Originating MLS: Lake Geauga Area Association of REALTORS
Originating MLS: Lake Geauga Area Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Electric
Cooling
- Central Air
Features
- Basement: None
Interior area
- Total structure area: 2,160
- Total interior livable area: 2,160 sqft
- Finished area above ground: 2,160
Property
Parking
- Parking features: Asphalt
Features
- Levels: Two
- Stories: 2
Lot
- Size: 6,150 sqft
Details
- Parcel number: 6818742
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex, Multi Family
Materials
- Aluminum Siding
- Roof: Asphalt,Fiberglass
Condition
- Fixer
- Year built: 1920
Utilities & green energy
- Sewer: Other
- Water: Public
Community & neighborhood
Location
- Region: Akron
- Subdivision: Miller & Long Allotment
Other
Other facts
- Listing terms: Cash
Price history
| Date | Event | Price |
|---|---|---|
| 1/28/2026 | Sold | $135,000+98.5%$63/sqft |
Source: Public Record Report a problem | ||
| 6/6/2025 | Sold | $68,000-9.3%$31/sqft |
Source:  MLS Now #5115860 Report a problem | ||
| 5/26/2025 | Pending sale | $75,000$35/sqft |
Source: MLS Now #5115860 Report a problem | ||
| 5/21/2025 | Price change | $75,000-11.8%$35/sqft |
Source: MLS Now #5115860 Report a problem | ||
| 5/8/2025 | Pending sale | $85,000$39/sqft |
Source: MLS Now #5115860 Report a problem | ||
| 4/23/2025 | Listed for sale | $85,000$39/sqft |
Source: MLS Now #5115860 Report a problem | ||
| 4/5/2025 | Listing removed | $85,000$39/sqft |
Source: MLS Now #5052015 Report a problem | ||
| 12/17/2024 | Listed for sale | $85,000$39/sqft |
Source: MLS Now #5052015 Report a problem | ||
| 11/23/2024 | Pending sale | $85,000$39/sqft |
Source: MLS Now #5052015 Report a problem | ||
| 10/18/2024 | Price change | $85,000-8.6%$39/sqft |
Source: MLS Now #5052015 Report a problem | ||
| 9/25/2024 | Listed for sale | $93,000$43/sqft |
Source: MLS Now #5052015 Report a problem | ||
| 9/7/2024 | Contingent | $93,000$43/sqft |
Source: MLS Now #5052015 Report a problem | ||
| 8/21/2024 | Price change | $93,000-5.6%$43/sqft |
Source: MLS Now #5052015 Report a problem | ||
| 7/8/2024 | Listed for sale | $98,500+36.8%$46/sqft |
Source: MLS Now #5052015 Report a problem | ||
| 5/30/2024 | Sold | $72,000-3.4%$33/sqft |
Source: MLS Now #5034134 Report a problem | ||
| 5/4/2024 | Pending sale | $74,500$34/sqft |
Source: MLS Now #5034134 Report a problem | ||
| 4/28/2024 | Listed for sale | $74,500+25.2%$34/sqft |
Source: MLS Now #5034134 Report a problem | ||
| 3/23/2021 | Sold | $59,500+19%$28/sqft |
Source: Public Record Report a problem | ||
| 4/19/2013 | Listing removed | $50,000$23/sqft |
Source: Cutler Real Estate #3382841 Report a problem | ||
| 2/15/2013 | Listed for sale | $50,000+66.7%$23/sqft |
Source: Cutler Real Estate #3382841 Report a problem | ||
| 9/21/2006 | Sold | $30,000$14/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $993 +0.2% | $14,580 |
| 2024 | $991 +15.1% | $14,580 |
| 2023 | $861 +3.1% | $14,580 +69.9% |
| 2022 | $835 +26.3% | $8,579 +1.2% |
| 2021 | $662 | $8,474 |
| 2020 | -- | $8,474 -17.5% |
| 2019 | $927 +1.1% | $10,277 +0.1% |
| 2018 | $917 +7% | $10,270 |
| 2017 | $857 | $10,270 -2% |
| 2016 | $857 | $10,480 |
| 2015 | $857 +0.7% | $10,480 |
| 2014 | $851 -6.2% | $10,480 -8.9% |
| 2013 | $907 +1.5% | $11,500 |
| 2012 | $893 +22.8% | $11,500 0% |
| 2011 | $728 -20.2% | $11,505 -23.9% |
| 2010 | $912 | $15,124 |
| 2009 | -- | $15,124 |
| 2008 | $972 +9% | $15,124 +2.5% |
| 2007 | $892 +0.9% | $14,753 |
| 2006 | $883 +18.5% | $14,753 |
| 2005 | $746 | $14,753 |
| 2004 | -- | $14,753 |
| 2003 | $748 -0.7% | $14,753 |
| 2002 | $753 +11.6% | $14,753 +24.6% |
| 2001 | $675 +16.1% | $11,844 |
| 2000 | $581 | $11,844 |
Find assessor info on the county website
Neighborhood: Summit Lake
Nearby schools
GreatSchools rating
- 5/10McEbright Elementary SchoolGrades: K-5Distance: 0.8 mi
- 3/10Innes Community Learning CenterGrades: 6-8Distance: 2 mi
- 4/10Garfield High SchoolGrades: 9-12Distance: 1.1 mi
Schools provided by the listing agent
- District: Akron CSD - 7701
Source: MLS Now. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$138,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$138,000
- Ohio
- Summit County
- Akron
- 44301
- Summit Lake
- 12 Lake St
Nearby cities
Nearby neighborhoods
Nearby zip codes
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