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For sale
  • $85,000

    12 Lake St, Akron, OH 44301

    4beds
    2,160sqft
    : 
    Triplex, Multi Family
    Built in 1920
    -- sqft lot
    $-- Zestimate®
    $39/sqft
    $-- HOA

    What's special

    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.
    2 days
    on Zillow
    |
    327
    |
    12
    |

    Likely to sell faster than

    Zillow last checked: 7 hours ago

    Listing updated: April 23, 2025 at 10:08am

    Listing Provided by:

    Gypsy Smolsky gypsy.realohio@gmail.com407-630-2316,

    Real of Ohio

    Source: MLS Now,MLS#: 5115860MLS LogoOriginating MLS: Lake Geauga Area Association of REALTORS
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 12 Lake St.

    Next available tour time:Today at 11am

    Facts & 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
    Video & virtual tour

    Property

    Parking
    • Parking features: Asphalt
    Features
    • Levels: Two
    • Stories: 2
    Lot
    • Size: 6,150.67 Square Feet
    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 & HOA

    Community
    • Subdivision: Miller & Long Allotment
    Location
    • Region: Akron

    Financial & listing details

    • Price per square foot: $39/sqft
    • Tax assessed value: $41,670
    • Annual tax amount: $2,160
    • Date on market: 4/23/2025
    • Listing terms: Cash
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