242 W Highland Avenue, Ravenna, OH 44266

Ravenna
Local realty services provided by:Better Homes and Gardens Real Estate Central
242 W Highland Avenue,Ravenna, OH 44266
$240,000
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  • 5 Beds
  • 3 Baths
  • 2,571 sq. ft.
  • Multi-family
  • Active
Listed by: jennifer m filipczak-turner
Office: berkshire hathaway homeservices stouffer realty
MLS#:5163600
Source:OH_NORMLS

Price summary

  • Price:$240,000
  • Price per sq. ft.:$93.35

About this home

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!

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Home facts

  • Year built:1890
  • Listing ID #:5163600
  • Added:146 day(s) ago
  • Updated:March 06, 2026 at 03:16 PM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:3
  • Full bathrooms:3
  • Rooms Total:12
  • Basement:Yes
  • Basement Description:Unfinished
  • Living area:2,571 sq. ft.

Heating and cooling

  • Heating:Forced Air, Gas

Structure and exterior

  • Roof:Asphalt
  • Year built:1890
  • Building area:2,571 sq. ft.
  • Lot area:0.28 Acres
  • Construction Materials:Wood Siding
  • Levels:2 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$240,000
  • Price per sq. ft.:$93.35
  • Tax amount:$1,652 (2024)
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