Tallmadge OH Multi Family for Sale

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Type:
Fourplex
Sq.Ft.:
n/a
Status:
Active
Beds:
5
Lot size:
1.63 Acres
Year built:
1948
Baths:
4.00
MLS#:
5068624

ADDITIONAL INFORMATION

Don’t miss this incredible chance to own a fully occupied four-unit investment in a peaceful, sought-after area of Tallmadge, sitting on an expansive nearly two acres of land! Spanning two parcels, the property includes a charming 1 bed, 1 bath house and a nice triplex on one adjacent to another that is vacant land. Currently bringing in over $36,000 in annual rent, there's even more potential to increase revenue when you raise rents at lease renewals. The 1 bed 1 bath house is rented for $625 on an annual lease expiring 11/30/2024, unit 1 at the triplex is a 2 bed 1 bath and is rented for $965 on an annual lease expiring 11/29/2025, unit 2 is a 1 bed 1 bath rented for $555 on a month to month lease, unit 3 is a studio and rented for $670 per month on an annual lease expiring 11/30/2025. With a cap rate of over 9% based on the asking price and current financials, this is a true gem for investors. The owner self-manages and bills back water, gas, and electric, for the house and covers all utilities for the triplex for tenants convenience. Well cared for over the years, it has recent updates like a new water heater (2024), plus a 10-year-old roof, 5-year-old furnace, and 10-year-old central air. This is a rare opportunity with strong cash flow and plenty of upside!

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Andrea D. Conner, License BRKP.2017002935, Xome Inc., License REC.2015001703, [email protected], 844-400-XOME (9663), 2939 Vernon Place, Suite 300, Cincinnati, OH 45219


The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Yes MLS. Real estate listings held by brokerage firms other than the owner of this site are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2024 Yes MLS. All rights reserved.



Tallmadge Real Estate

The median home value in Tallmadge, OH is $253,000. This is higher than the county median home value of $179,200. The national median home value is $338,100. The average price of homes sold in Tallmadge, OH is $253,000. Approximately 79.45% of Tallmadge homes are owned, compared to 17.69% rented, while 2.86% are vacant. Tallmadge 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 Tallmadge real estate agent to arrange a tour today!

Tallmadge, Ohio has a population of 18,409. Tallmadge is more family-centric than the surrounding county with 28.45% of the households containing married families with children. The county average for households married with children is 26.83%.

The median household income in Tallmadge, Ohio is $79,233. The median household income for the surrounding county is $63,111 compared to the national median of $69,021. The median age of people living in Tallmadge is 46.2 years.

Tallmadge Weather

The average high temperature in July is 82.5 degrees, with an average low temperature in January of 20.3 degrees. The average rainfall is approximately 38.4 inches per year, with 42.2 inches of snow per year.

Tallmadge Real Estate Market Conditions

  • Median sales price

    $253,000
    14.6% change since last quarter
  • # Active listings

    47
    30-day change

Tallmadge Schools and Demographics

Education near Tallmadge, OH

Metric City County
High School Graduates 93.43 92.62
College Degree - 2 year 6.87 8.26
College Degree - 4 year 32.71 33.94
Graduate Degree 8.55 9.01
Expenditures per Student 16,948 16,948
Students per Teacher 16.1 16.1

Elementary Schools near Tallmadge, OH

School Grades Students P/T Ratio ZIP
Akron Preparatory School KG - 08 332 22.6 44305
Barber Community Learning Center KG - 06 319 12.8 44305
Bettes Elementary School KG - 05 205 12.4 44310
Betty Jane Community Learning Center KG - 05 458 18.8 44305
Dunbar Elementary School KG - 02 491 21.2 44278
Elizabeth Price Elementary School KG - 05 349 16.3 44221
Findley Community Learning Center KG - 05 467 15.6 44310
Forest Hill Community Learning Center KG - 05 365 14.7 44310
Gordon Dewitt Elementary School KG - 05 443 18.2 44221
Lincoln Elementary School KG - 05 463 15.4 44221
Middlebury Academy KG - 08 310 19.2 44305
Munroe Elementary School 03 - 05 507 16.3 44278
Preston Elementary School KG - 05 293 13.9 44221
Riverview Elementary School KG - 04 269 15.7 44262
Seiberling CLC KG - 06 428 16.7 44305

Middle Schools near Tallmadge, OH

School Grades Students P/T Ratio ZIP
Jennings Community Learning Center 06 - 08 599 15 44310
Kimpton Middle School 07 - 08 804 21.6 44262
Roberts Middle School 06 - 08 466 12.7 44221
Tallmadge Middle School 06 - 08 565 16.1 44278

High Schools near Tallmadge, OH

School Grades Students P/T Ratio ZIP
Cuyahoga Falls High School 09 - 12 1,578 15.3 44221
East Community Learning Center 07 - 12 1,058 15.6 44305
Hiland High School 07 - 12 471 16.8 44310
Life Skills Center of North Akron 09 - 12 129 8.9 44310
North High School 09 - 12 825 15.5 44310
Schnee Learning Center 09 - 12 138 14.2 44221
Tallmadge High School 09 - 12 858 16.3 44278

Ungraded Schools near Tallmadge, OH

School Grades Students P/T Ratio ZIP
David Bacon School UG - UG 0 44278
Steel Academy 06 - 12 84 44310

Demographics near Tallmadge, OH

Metric City County
Neighborhood Type Suburban
Population 18,409 540,567
Population Density 1,312 1,310
Median Age 46.2 41
People per Household 2.5 2.3
Median Household Income 79,233 63,111
Average Income per Capita 36,266 37,373