Prime Turnkey Rental Investment in Akron, OH! Seize this incredible opportunity to own a cash-flowing rental in the thriving city of Akron! Currently occupied with a tenant paying $1,042 per month on a secure lease through 5/31/25, this property boasts a strong 9%+ cap rate and nearly 10% cash-on-cash return based on the asking price. Recent upgrades, including new flooring, fresh paint, and modernized kitchen and bathroom enhancements, add to its long-term value and tenant appeal. Don't miss this hassle-free investment with immediate income potential!
Closed
$84,000
347 Cleveland St, Akron, OH 44306
3beds
1,607sqft
Single Family Residence
Built in 1918
5,005.04 Square Feet Lot
$87,100 Zestimate®
$52/sqft
$1,171 Estimated rent
Home value
$87,100
$78,000 - $97,000
$1,171/mo
Zestimate® history
Owner options
List your home for rent
$1,171/mo
Rent Zestimate®
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$1,171/mo
Rent Zestimate®
Refinance and save
$457/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$457/mo
Est. payment
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List your homeWhat's special
Fresh paintNew flooringModernized kitchen
Zillow last checked:
Listing updated:
Listing Provided by:
Tal Tamir tal@premierclevelandinvesting.com216-870-8687,
Russell Real Estate Services
Bought with:
Min W Zhang, 2020007987
REAFCO
Source: MLS Now,MLS#: 5109476
Originating MLS: Akron Cleveland Association of REALTORS
Originating MLS: Akron Cleveland Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
- Main level bathrooms: 1
Heating
- Forced Air, Gas
Cooling
- None
Features
- Basement: Full
- Number of fireplaces: 1
Interior area
- Total structure area: 1,607
- Total interior livable area: 1,607 sqft
- Finished area above ground: 1,607
Property
Parking
- Parking features: Driveway, Paved
Features
- Levels: Three Or More,Two
- Stories: 2
Lot
- Size: 5,005 sqft
Details
- Parcel number: 6726313
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Colonial
- Property subtype: Single Family Residence
Materials
- Aluminum Siding, Vinyl Siding
- Roof: Asphalt,Fiberglass
Condition
- Updated/Remodeled
- Year built: 1918
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Akron
- Subdivision: Vandalia Heights
Other
Other facts
- Listing terms: Cash,Conventional,1031 Exchange
Price history
| Date | Event | Price |
|---|---|---|
| 5/20/2025 | Sold | $84,000-7.7%$52/sqft |
Source:  MLS Now #5109476 Report a problem | ||
| 4/14/2025 | Pending sale | $91,000$57/sqft |
Source: MLS Now #5109476 Report a problem | ||
| 3/27/2025 | Listed for sale | $91,000+104.5%$57/sqft |
Source: MLS Now #5109476 Report a problem | ||
| 3/5/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 2/5/2024 | Price change | $1,249-10.5%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/8/2023 | Price change | $1,395-3.1%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/17/2023 | Listed for rent | $1,440$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/12/2023 | Sold | $44,500-10.8%$28/sqft |
Source: MLS Now #4458990 Report a problem | ||
| 9/26/2023 | Pending sale | $49,900$31/sqft |
Source: MLS Now #4458990 Report a problem | ||
| 8/21/2023 | Price change | $49,900-9.1%$31/sqft |
Source: MLS Now #4458990 Report a problem | ||
| 7/17/2023 | Price change | $54,900-15.4%$34/sqft |
Source: MLS Now #4458990 Report a problem | ||
| 6/1/2023 | Listed for sale | $64,900+96.7%$40/sqft |
Source: MLS Now #4458990 Report a problem | ||
| 5/29/2014 | Sold | $33,000-25%$21/sqft |
Source: Public Record Report a problem | ||
| 5/15/2014 | Pending sale | $44,000$27/sqft |
Source: RE/MAX Crossroads #3476717 Report a problem | ||
| 2/19/2014 | Listed for sale | $44,000-6.4%$27/sqft |
Source: RE/MAX Crossroads Properties #3476717 Report a problem | ||
| 11/27/2013 | Listing removed | $47,000$29/sqft |
Source: RE/MAX Crossroads Properties #3438977 Report a problem | ||
| 8/27/2013 | Listed for sale | $47,000+276.3%$29/sqft |
Source: RE/MAX Crossroads Properties #3438977 Report a problem | ||
| 9/27/2011 | Sold | $12,490-3%$8/sqft |
Source: Public Record Report a problem | ||
| 7/19/2011 | Listed for sale | $12,875-81.3%$8/sqft |
Source: isNowListed.com Report a problem | ||
| 11/28/2007 | Sold | $69,000+3.8%$43/sqft |
Source: Public Record Report a problem | ||
| 5/7/2001 | Sold | $66,500+47.8%$41/sqft |
Source: Public Record Report a problem | ||
| 1/28/1998 | Sold | $45,000$28/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,250 +24.5% | $18,620 |
| 2023 | $1,004 +9.3% | $18,620 +46.4% |
| 2022 | $919 -9.9% | $12,719 |
| 2021 | $1,019 | $12,719 |
| 2020 | -- | $12,719 -22.9% |
| 2019 | $1,365 +1.2% | $16,503 +0% |
| 2018 | $1,349 +18.6% | $16,500 |
| 2017 | $1,137 | $16,500 +12.3% |
| 2016 | $1,137 | $14,690 |
| 2015 | $1,137 +3.5% | $14,690 |
| 2014 | $1,099 -11.7% | $14,690 -14.2% |
| 2013 | $1,244 +0.8% | $17,130 |
| 2012 | $1,234 +13.8% | $17,130 0% |
| 2011 | $1,084 -10.3% | $17,136 -16.9% |
| 2010 | $1,208 | $20,619 |
| 2009 | -- | $20,619 |
| 2008 | $1,249 -5.5% | $20,619 -10.3% |
| 2007 | $1,321 +0.8% | $22,974 |
| 2006 | $1,311 +18.8% | $22,974 |
| 2005 | $1,103 | $22,974 +4.9% |
| 2004 | -- | $21,907 |
| 2003 | $1,062 -0.7% | $21,907 |
| 2002 | $1,069 +49.9% | $21,907 +68.5% |
| 2001 | $713 +16.5% | $12,999 |
| 2000 | $612 | $12,999 |
Find assessor info on the county website
Neighborhood: Middlebury
Nearby schools
GreatSchools rating
- 3/10Mason Community Learning CenterGrades: PK-5Distance: 0.2 mi
- 3/10East Community Learning CenterGrades: 6-12Distance: 1.4 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
$87,100
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
$87,100
- Ohio
- Summit County
- Akron
- 44306
- Middlebury
- 347 Cleveland St
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Nearby neighborhoods
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