Ravenna OH Multi Family for Sale
- Type:
- Triplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 5
- Lot size:
- 0.31 Acres
- Year built:
- 1926
- Baths:
- 4.00
- MLS#:
- 5090604
ADDITIONAL INFORMATION
This 3-unit investment property in Ravenna presents an incredible opportunity for steady rental income with significant upside potential. The property is in excellent condition, with all major mechanicals updated in recent years, including the roof, windows, wiring, water heaters, and furnace—providing peace of mind and minimizing future maintenance costs. Neat and well-maintained, each unit is currently fully rented with one-year leases in place, ensuring immediate cash flow. Best of all, the current rental rates are significantly below market value, offering an attractive opportunity for future rent increases and maximizing your investment return. Don't miss out on this rare find!
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Ravenna Real Estate
The median home value in Ravenna, OH is $190,250. This is lower than the county median home value of $218,900. The national median home value is $338,100. The average price of homes sold in Ravenna, OH is $190,250. Approximately 43.94% of Ravenna homes are owned, compared to 49.12% rented, while 6.94% are vacant. Ravenna real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Ravenna real estate agent to arrange a tour today!
Ravenna, Ohio has a population of 11,369. Ravenna is less family-centric than the surrounding county with 20.51% of the households containing married families with children. The county average for households married with children is 28.45%.
The median household income in Ravenna, Ohio is $38,765. The median household income for the surrounding county is $64,163 compared to the national median of $69,021. The median age of people living in Ravenna is 40.6 years.
Ravenna Weather
The average high temperature in July is 82 degrees, with an average low temperature in January of 18.8 degrees. The average rainfall is approximately 40.3 inches per year, with 52.4 inches of snow per year.