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.
For sale
$85,000
12 Lake St, Akron, OH 44301
4beds
2,160sqft
Est.:
Triplex, Multi Family
Built in 1920
-- sqft lot
$-- Zestimate®
$39/sqft
$-- HOA
What's special
- 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#: 5115860
Originating MLS: Lake Geauga Area Association of REALTORS

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
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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