Great investment opportunity in the heart of Ravenna! This fully occupied triplex generates $2,400/month in gross income and features three well-maintained units—one 3-bedroom and two 1-bedroom apartments. Each unit offers spacious rooms, excellent storage, and separate utilities (owner pays water, sewer, and trash). Tenants cover gas and electric. Additional highlights include a large off-street parking lot accessed from Springfield Ave, public utilities, and a solid rental history. Conveniently located near downtown amenities, shopping, and major routes. A strong turnkey addition to any portfolio or a great start for a new investor!
For sale
$250,000
242 W Highland Ave, Ravenna, OH 44266
5beds
2,571sqft
Est.:
Triplex, Multi Family
Built in 1890
-- sqft lot
$-- Zestimate®
$97/sqft
$-- HOA
What's special
Spacious roomsWell-maintained unitsExcellent storage
- 61 days |
- 490 |
- 19 |
Zillow last checked: 8 hours ago
Listing updated: November 19, 2025 at 10:43am
Listing Provided by:
Jennifer M Filipczak-Turner 330-554-6507 jturner.realtor@gmail.com,
Berkshire Hathaway HomeServices Stouffer Realty
Source: MLS Now,MLS#: 5163600
Originating MLS: Akron Cleveland Association of REALTORS
Originating MLS: Akron Cleveland Association of REALTORSTour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Forced Air, Gas
Cooling
- None
Features
- Basement: Exterior Entry,Unfinished
Interior area
- Total structure area: 2,571
- Total interior livable area: 2,571 sqft
- Finished area above ground: 2,571
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Parking features: Gravel, No Garage, Off Street, Parking Lot
Features
- Levels: Two
- Stories: 2
Lot
- Size: 0.28 Acres
Details
- Parcel number: 313600300092000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex, Multi Family
Materials
- Wood Siding
- Roof: Asphalt
Condition
- Year built: 1890
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Hld
Location
- Region: Ravenna
Financial & listing details
- Price per square foot: $97/sqft
- Tax assessed value: $126,400
- Annual tax amount: $1,652
- Date on market: 10/10/2025
- Cumulative days on market: 56 days
- Tenant pays: Cable TV, Electricity, Gas
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 10/10/2025 | Listed for sale | $250,000+197.6%$97/sqft |
Source:  MLS Now #5163600 Report a problem | ||
| 4/27/2006 | Sold | $84,000$33/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,652 +46.6% | $44,240 +79% |
| 2023 | $1,127 0% | $24,710 |
| 2022 | $1,127 -0.1% | $24,710 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$1,544/mo
Principal & interest
$1212
Property taxes
$244
Home insurance
$88
Climate risks
Neighborhood: 44266
Nearby schools
GreatSchools rating
- 7/10West Main Elementary SchoolGrades: 3-4Distance: 0.4 mi
- 3/10Brown Middle SchoolGrades: 5-9Distance: 1 mi
- 3/10Ravenna High SchoolGrades: 9-12Distance: 0.7 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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