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!
Closed
$220,000
121 E Highland Ave, Ravenna, OH 44266
5beds
3,306sqft
Triplex, Multi Family
Built in 1926
-- sqft lot
$251,300 Zestimate®
$67/sqft
$1,133 Estimated rent
Home value
$251,300
$224,000 - $279,000
$1,133/mo
Zestimate® history
Owner options
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$1,133/mo
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$1,133/mo
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$1,509/mo
Est. payment
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$1,509/mo
Est. payment
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Water heaters
Zillow last checked:
Listing updated:
Listed by:
Shirley Ryan TarterRealty@aol.com330-221-3585,
Tarter Realty
Bought with:
John A Dragoiu, 2007003747
Pathway Real Estate
Source: MLS Now,MLS#: 5090604
Originating MLS: Stark Trumbull Area REALTORS
Originating MLS: Stark Trumbull Area REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
- 1/2 bathrooms: 1
Heating
- Baseboard, Electric, Forced Air, Gas
Cooling
- None
Appliances
- Laundry: Main Level
Features
- Basement: Full
Interior area
- Total structure area: 3,306
- Total interior livable area: 3,306 sqft
- Finished area above ground: 3,306
Property
Parking
- Total spaces: 3
- Parking features: Detached, Garage, Unpaved
- Garage spaces: 3
Accessibility
- Accessibility features: None
Features
- Levels: Three Or More
- Stories: 3
Lot
- Size: 0.31 Acres
Details
- Parcel number: 313490400040000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex, Multi Family
Materials
- Vinyl Siding
- Roof: Asphalt,Fiberglass
Condition
- Year built: 1926
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Ravenna
Financial & listing details
- Price per square foot: $67/sqft
- Tax assessed value: $217,900
- Annual tax amount: $2,682
- Date on market: 12/19/2024
- Cumulative days on market: 208 days
- Tenant pays: Electricity, Gas
Price history
| Date | Event | Price |
|---|---|---|
| 2/20/2025 | Sold | $220,000-8.3%$67/sqft |
Source:  MLS Now #5090604 Report a problem | ||
| 1/15/2025 | Pending sale | $239,900$73/sqft |
Source: MLS Now #5090604 Report a problem | ||
| 12/19/2024 | Listed for sale | $239,900-4%$73/sqft |
Source: MLS Now #5090604 Report a problem | ||
| 10/7/2024 | Listing removed | $249,900-10.7%$76/sqft |
Source: MLS Now #5044667 Report a problem | ||
| 9/28/2024 | Price change | $279,900-6.7%$85/sqft |
Source: MLS Now #5044667 Report a problem | ||
| 6/10/2024 | Listed for sale | $299,900+552%$91/sqft |
Source: MLS Now #5044667 Report a problem | ||
| 9/2/2010 | Listing removed | $46,000$14/sqft |
Source: PROVIDENCE REALTY #3150538 Report a problem | ||
| 7/24/2010 | Pending sale | $46,000$14/sqft |
Source: PROVIDENCE REALTY #3150538 Report a problem | ||
| 7/10/2010 | Listed for sale | $46,000$14/sqft |
Source: PROVIDENCE REALTY #3150538 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,340 +17.3% | $76,270 |
| 2024 | $2,847 +11.4% | $76,270 +36.1% |
| 2023 | $2,555 0% | $56,040 |
| 2022 | $2,556 -0.1% | $56,040 |
| 2021 | $2,560 +2.7% | $56,040 +15.7% |
| 2020 | $2,492 -0.1% | $48,450 |
| 2019 | $2,495 +25.3% | $48,450 +32.6% |
| 2018 | $1,991 | $36,550 |
| 2017 | $1,991 +6.2% | $36,550 |
| 2016 | $1,875 -0.1% | $36,550 |
| 2015 | $1,877 -8.4% | $36,550 -8.5% |
| 2014 | $2,049 +0.6% | $39,940 |
| 2013 | $2,036 +0% | $39,940 |
| 2012 | $2,035 -9% | $39,940 -14.8% |
| 2011 | $2,237 -15.1% | $46,870 |
| 2010 | $2,634 +23.8% | $46,870 |
| 2009 | $2,129 | $46,870 |
| 2008 | $2,129 +17.3% | $46,870 |
| 2005 | $1,815 +13.7% | -- |
| 2004 | $1,596 +3.4% | -- |
| 2003 | $1,543 +9.5% | -- |
| 2002 | $1,409 -50.9% | -- |
| 2001 | $2,870 | -- |
| 2000 | $2,870 +3.4% | -- |
| 1999 | $2,775 | -- |
Find assessor info on the county website
Neighborhood: 44266
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Nearby schools
GreatSchools rating
- 6/10West Main Elementary SchoolGrades: 2-4Distance: 0.6 mi
- 3/10Brown Middle SchoolGrades: 5-8Distance: 1.2 mi
- 5/10Ravenna High SchoolGrades: 9-12Distance: 0.8 mi
Schools provided by the listing agent
- District: Ravenna CSD - 6706
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
$251,300
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$251,300
- Ohio
- Portage County
- Ravenna
- 44266
- 121 E Highland Ave
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