Prime Investment Opportunity in Firestone Park! This 3-bedroom, 1-bath Colonial offers excellent cash flow potential, currently occupied by a long-term tenant since 2015. The tenant's rent is fully covered by AMHA at $1,300 per month, ensuring steady income.
The property has added flexibility with a finished third-floor attic, featuring a tandem room setup that could be used as two additional bedrooms—offering the possibility of a 5-bedroom layout. The tenant provides their own appliances (except for the dishwasher) and is responsible for electric and gas. Landlord pays water, sewer, and trash. Glass Block windows in basement. New roof 2021. While the property requires some TLC, its strong rental history and earning potential make it a promising addition to your investment portfolio.
Closed
$85,010
487 Palmetto Ave, Akron, OH 44301
3beds
1,439sqft
Single Family Residence
Built in 1919
4,678 Square Feet Lot
$90,400 Zestimate®
$59/sqft
$1,401 Estimated rent
Home value
$90,400
$81,000 - $101,000
$1,401/mo
Zestimate® history
Owner options
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$1,401/mo
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$463/mo
Est. payment
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$463/mo
Est. payment
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Tandem room setup
Zillow last checked:
Listing updated:
Listed by:
Darlene Hall darlenehall@kw.com330-800-4255,
Keller Williams Chervenic Rlty,
Sarah Hall 330-472-5124,
Keller Williams Chervenic Rlty
Bought with:
Kim Lewis, 2017004453
Home Equity Realty Group
Zachary Rohrbough, 2020006161
Home Equity Realty Group
Source: MLS Now,MLS#: 5093702
Originating MLS: Akron Cleveland Association of REALTORS
Originating MLS: Akron Cleveland Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Primary bedroom
- Description: Flooring: Carpet
- Level: Second
- Dimensions: 12 x 10
Bedroom
- Description: Flooring: Carpet
- Level: Second
- Dimensions: 11 x 10
Bedroom
- Description: Flooring: Carpet
- Level: Second
- Dimensions: 11 x 10
Bedroom
- Level: Third
- Dimensions: 13 x 10
Bathroom
- Description: Flooring: Luxury Vinyl Tile
- Level: Second
Dining room
- Description: Flooring: Luxury Vinyl Tile
- Level: First
- Dimensions: 10 x 6
Kitchen
- Description: Flooring: Linoleum
- Level: First
- Dimensions: 10 x 9
Living room
- Description: Flooring: Carpet
- Level: First
- Dimensions: 18 x 11
Heating
- Forced Air, Gas
Cooling
- None
Appliances
- Included: Dishwasher
Features
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 1,439
- Total interior livable area: 1,439 sqft
- Finished area above ground: 1,439
Property
Parking
- Parking features: Driveway, No Garage, Paved
Features
- Levels: Three Or More,Two
- Stories: 2
- Patio & porch: Patio
Lot
- Size: 4,678 Square Feet
- Dimensions: 40 x 117
Details
- Parcel number: 6842386
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Colonial
- Property subtype: Single Family Residence
Materials
- Aluminum Siding
- Roof: Asphalt,Fiberglass
Condition
- Year built: 1919
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Hillcrest Park
HOA
- Has HOA: No
Location
- Region: Akron
Financial & listing details
- Price per square foot: $59/sqft
- Tax assessed value: $97,780
- Annual tax amount: $2,291
- Date on market: 1/11/2025
- Cumulative days on market: 45 days
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 2/24/2025 | Sold | $85,010+0.1%$59/sqft |
Source:  MLS Now #5093702 Report a problem | ||
| 2/24/2025 | Pending sale | $84,900$59/sqft |
Source: MLS Now #5093702 Report a problem | ||
| 1/25/2025 | Contingent | $84,900$59/sqft |
Source: MLS Now #5093702 Report a problem | ||
| 1/18/2025 | Price change | $84,900+6.3%$59/sqft |
Source: MLS Now #5093702 Report a problem | ||
| 1/11/2025 | Listed for sale | $79,900+31%$56/sqft |
Source: MLS Now #5093702 Report a problem | ||
| 10/4/2023 | Sold | $61,000-12.7%$42/sqft |
Source: MLS Now #4491381 Report a problem | ||
| 9/20/2023 | Pending sale | $69,900$49/sqft |
Source: MLS Now #4491381 Report a problem | ||
| 9/20/2023 | Listed for sale | $69,900-9.2%$49/sqft |
Source: MLS Now #4491381 Report a problem | ||
| 7/12/2023 | Listing removed | -- |
Source: MLS Now #4452987 Report a problem | ||
| 6/21/2023 | Contingent | $77,000$54/sqft |
Source: MLS Now #4452987 Report a problem | ||
| 6/7/2023 | Listed for sale | $77,000$54/sqft |
Source: MLS Now #4452987 Report a problem | ||
| 6/1/2023 | Contingent | $77,000$54/sqft |
Source: MLS Now #4452987 Report a problem | ||
| 5/21/2023 | Listed for sale | $77,000$54/sqft |
Source: MLS Now #4452987 Report a problem | ||
| 5/18/2023 | Contingent | $77,000$54/sqft |
Source: MLS Now #4452987 Report a problem | ||
| 5/12/2023 | Listed for sale | $77,000-1.3%$54/sqft |
Source: MLS Now #4452987 Report a problem | ||
| 4/27/2023 | Contingent | $78,000$54/sqft |
Source: MLS Now #4452987 Report a problem | ||
| 4/21/2023 | Listed for sale | $78,000+173.7%$54/sqft |
Source: MLS Now #4452987 Report a problem | ||
| 12/3/2010 | Sold | $28,500+39%$20/sqft |
Source: Public Record Report a problem | ||
| 8/19/2010 | Sold | $20,500-6.4%$14/sqft |
Source: Public Record Report a problem | ||
| 7/10/2010 | Listed for sale | $21,900-50.2%$15/sqft |
Source: Coldwell Banker Hunter Realty #3149057 Report a problem | ||
| 4/15/2010 | Sold | $44,000-53.7%$31/sqft |
Source: Public Record Report a problem | ||
| 4/22/2005 | Sold | $95,000+63.8%$66/sqft |
Source: Public Record Report a problem | ||
| 9/1/2004 | Sold | $58,000$40/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,295 +0.2% | $34,220 |
| 2024 | $2,291 +19.4% | $34,220 |
| 2023 | $1,919 +7.9% | $34,220 +38% |
| 2022 | $1,779 -0.1% | $24,798 |
| 2021 | $1,780 | $24,798 |
| 2020 | -- | $24,798 +42.6% |
| 2019 | $1,326 +1.3% | $17,392 +0% |
| 2018 | $1,309 -1.6% | $17,390 |
| 2017 | $1,330 | $17,390 |
| 2016 | $1,330 | $17,390 |
| 2015 | $1,330 +0.8% | $17,390 |
| 2014 | $1,319 +1.5% | $17,390 -0.6% |
| 2013 | $1,300 +0.8% | $17,500 |
| 2012 | $1,290 -20.1% | $17,500 -31.5% |
| 2011 | $1,616 +3.8% | $25,533 -3.9% |
| 2010 | $1,557 | $26,566 |
| 2009 | -- | $26,566 |
| 2008 | $1,833 +18.4% | $26,566 -1.9% |
| 2007 | $1,548 -49.4% | $27,080 |
| 2006 | $3,059 +136.7% | $27,080 |
| 2005 | $1,293 | $27,080 +8.4% |
| 2004 | -- | $24,976 |
| 2003 | $1,204 -0.7% | $24,976 |
| 2002 | $1,212 +15.1% | $24,976 +27.8% |
| 2001 | $1,053 +10.7% | $19,538 -5.4% |
| 2000 | $951 | $20,654 |
Find assessor info on the county website
Neighborhood: Firestone Park
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Nearby schools
GreatSchools rating
- 4/10Voris Community Learning CenterGrades: K-5Distance: 0.7 mi
- 3/10Innes Community Learning CenterGrades: 6-8Distance: 3.1 mi
- 4/10Garfield High SchoolGrades: 9-12Distance: 0.5 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
$90,400
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Estimated market value
$90,400
- Ohio
- Summit County
- Akron
- 44301
- Firestone Park
- 487 Palmetto Ave
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