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399 N Thomas Road, Tallmadge, OH 44278

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For Sale

$205,000

5 beds • 4 baths • 1,576 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $130.08
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

4-unit investment property, gross projected rent over $40,000 in a peaceful, highly sought-after area of Tallmadge. The two home property is situated on 1.6 acres; featuring a 1 bed / 1 bath house and a triplex. At full occupancy, this property is an amazing ash-flowing investment with room to grow. The rental breakdown includes a 1 bed, 1 bath house rented for $625/month; a 2 bed, 1 bath unit in the triplex potential rent at $1200/month; a studio renting for $650/month; and a 1 bed, 1 bath unit that is rented $965. All tenants are on month-to-month leases, allowing flexibility for adjustments or rent increases. With the final unit leased and rents brought up to market value, there's significant upside potential. The owner self-manages and bills back water, gas, and electric for the house, while covering all utilities for the triplex for tenant convenience. The property has been well maintained, with recent updates including a new water heater installed in 2024, two brand new roofs, and a five-year-old furnace. This is a rare opportunity in a quiet, desirable location with strong projected income and long-term investment potential.
MLS# 5134444

Courtesy Of HomeSmart Real Estate Momentum

(440) 578-8058

Property Features

  • Age
    Over 50 Years Old
  • Appliances
    Microwave, Range
  • Heating System
    Forced Air
  • Lot Size
    0.96 Acres
  • Roof Type
    Asphalt
  • Rooms
    Laundry Room

Map and Directions

Directions to 399 N Thomas Road, Tallmadge, OH 44278

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CENTURY 21 HomeStar

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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