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550-554 Magnolia Avenue, Cuyahoga Falls, OH 44221

Cuyahoga Falls
Local realty services provided by:CENTURY 21 HomeStar
550-554 Magnolia Avenue,Cuyahoga Falls, OH 44221
$324,000
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  • 8 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Activeundercontract
Listed by: chelsea reed
Office: mosholder realty inc.
MLS#:5245660
Source:OH_NORMLS

Price summary

  • Price:$324,000

About this home

Great Investment Opportunity in Cuyahoga Falls! This well-maintained triplex offers an excellent opportunity for investors or owner-occupants looking to generate rental income. The spacious main-floor unit features 4 bedrooms and 2 bathrooms and has been remodeled and updated, including a beautiful kitchen with granite countertops, new flooring, and all new appliances. The property consists of three separate units, providing multiple income streams. Two of the units have established rental histories, with one tenant in place for approximately 12 years and the back house tenant for approximately 7 years. Current rents include $975/month for the back house and $550/month for the upstairs unit. With a remodeled 4-bedroom unit, long-term rental history, multiple units, and recent improvements, 550 Magnolia offers a great opportunity to add a solid income-producing property to your investment portfolio. Agent related to seller.

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Home facts

  • Year built:1940
  • Subdivision & Development:Tallmadge 01
  • Listing ID #:5245660
  • Added:43 day(s) ago
  • Updated:October 31, 2026 at 08:27 AM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:4
  • Full bathrooms:4
  • Kitchen Description:Dishwasher, Disposal, Microwave, Range, Refrigerator
  • Basement:Yes
  • Basement Description:Finished, Partially Furnished, Walk Out Access

Heating and cooling

  • Cooling:Central Air
  • Heating:Baseboard, Electric, Forced Air, Gas
  • Central air:Yes

Structure and exterior

  • Roof:Asphalt, Fiberglass
  • Year built:1940
  • Lot area:0.45 Acres
  • Construction Materials:Stone, Vinyl Siding
  • Levels:2 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$324,000
  • Tax amount:$2,300 (2025)

Features and amenities

  • Appliances:Dishwasher, Disposal, Microwave, Range, Refrigerator, Washer
  • Laundry features:Dryer, Washer

Parking

  • Parking description:Driveway, Garage
  • Garage:Yes
  • Garage spaces:1
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