650 Reed Avenue, Akron, OH 44306
Local realty services provided by:CENTURY 21 HomeStar
Listed by: kim lewis, garrett rowan
Office: home equity realty group
MLS#:5153927
Source:OH_NORMLS
Price summary
- Price:$103,700
About this home
Outstanding investment portfolio opportunity with property management in place in Akron, Ohio, offering strong cash flow and significant upside. This package includes all properties listed below and their associated parcels, with a current occupancy of 86% across the portfolio. At market rents, the portfolio is projected to deliver a cap rate of 14% or greater, making it an excellent addition for investors seeking immediate performance with room for growth. The properties include a mix of single-family and multi-family units located throughout Akron and Barberton, positioned near major employers, schools, and transportation. Tenants are responsible for utilities in most units, helping to maintain healthy operating margins. With steady rental demand in the area and recent performance already in place, this turnkey package represents a rare chance to acquire a diversified, income-producing portfolio in a high-demand rental market. Properties and parcels included in this sale are: 1115 Florida Ave., Akron, OH 44314 – Parcel #6854800; 1725 Manchester Rd., Akron, OH 44314 – Parcel #6759324; 213 Hermann St., Barberton, OH 44203 – Parcel #0106466; 2167 East Ave., Akron, OH 44314 – Parcel #6734163; 2513 Christensen Ave., Akron, OH 44314 – Parcel #6804010; 530 Thelma Ave., Akron, OH 44314 – Parcel #6827182; 534 Thelma Ave., Akron, OH 44314 – Parcel #6706664; 539 Thelma Ave., Akron, OH 44314 – Parcel #6821068; 543 Thelma Ave., Akron, OH 44314 – Parcel #6821067; 545 Thelma Ave., Akron, OH 44314 – Parcel #6814967; 546 Thelma Ave., Akron, OH 44314 – Parcel #6821066; 601 Glendora Ave., Akron, OH 44320 – Parcel #6749017; 650 Reed Ave., Akron, OH 44306 – Parcel #6819023; 694 Virginia Ave., Akron, OH 44306 – Parcel #6725186; 955 N Firestone Blvd., Akron, OH 44306 – Parcel #6742296. Financials and rent rolls are available upon request...
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Home facts
- Year built:1944
- Listing ID #:5153927
- Added:315 day(s) ago
- Updated:February 20, 2026 at 08:19 AM
Rooms and interior
- Bedrooms:2
- Total bathrooms:1
- Full bathrooms:1
- Rooms Total:5
- Basement:Yes
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Roof:Asphalt
- Year built:1944
- Lot area:0.14 Acres
- Architectural Style:Bungalow
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$103,700
- Tax amount:$1,729 (2024)
Parking
- Parking description:Detached, Garage
- Garage:Yes
- Garage spaces:2
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