Prime Turnkey Rental Investment in Akron, OH! Seize this incredible opportunity to own a cash-flowing rental in the thriving city of Akron! Currently occupied with a tenant paying $1,042 per month on a secure lease through 5/31/25, this property boasts a strong 9%+ cap rate and nearly 10% cash-on-cash return based on the asking price. Recent upgrades, including new flooring, fresh paint, and modernized kitchen and bathroom enhancements, add to its long-term value and tenant appeal. Don't miss this hassle-free investment with immediate income potential!
Sold for $84,000
$84,000
347 Cleveland St, Akron, OH 44306
3beds
1,607sqft
Single Family Residence
Built in 1918
5,005.04 Square Feet Lot
$86,800 Zestimate®
$52/sqft
$1,297 Estimated rent
Home value
$86,800
$79,000 - $95,000
$1,297/mo
Zestimate® history
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Owner options
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$1,297/mo
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Rent Zestimate®
Refinance and save
$457/mo
Est. payment
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Est. payment
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Zillow last checked: 7 hours ago
Listing updated: May 20, 2025 at 01:22pm
Listing Provided by:
Tal Tamir tal@premierclevelandinvesting.com216-870-8687,
Russell Real Estate Services
Bought with:
Min W Zhang, 2020007987
REAFCO
Source: MLS Now,MLS#: 5109476
Originating MLS: Akron Cleveland Association of REALTORS
Originating MLS: Akron Cleveland Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
- Main level bathrooms: 1
Heating
- Forced Air, Gas
Cooling
- None
Features
- Basement: Full
- Number of fireplaces: 1
Interior area
- Total structure area: 1,607
- Total interior livable area: 1,607 sqft
- Finished area above ground: 1,607
Property
Parking
- Parking features: Driveway, Paved
Features
- Levels: Three Or More,Two
- Stories: 2
Lot
- Size: 5,005 sqft
Details
- Parcel number: 6726313
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Colonial
- Property subtype: Single Family Residence
Materials
- Aluminum Siding, Vinyl Siding
- Roof: Asphalt,Fiberglass
Condition
- Updated/Remodeled
- Year built: 1918
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Akron
- Subdivision: Vandalia Heights
Other
Other facts
- Listing terms: Cash,Conventional,1031 Exchange
Price history
| Date | Event | Price |
|---|---|---|
| 5/20/2025 | Sold | $84,000-7.7%$52/sqft |
Source:  MLS Now #5109476 Report a problem | ||
| 4/14/2025 | Pending sale | $91,000$57/sqft |
Source: MLS Now #5109476 Report a problem | ||
| 3/27/2025 | Listed for sale | $91,000+104.5%$57/sqft |
Source: MLS Now #5109476 Report a problem | ||
| 3/5/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 2/5/2024 | Price change | $1,249-10.5%$1/sqft |
Source: Zillow Rentals Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,250 +24.5% | $18,620 |
| 2023 | $1,004 +9.3% | $18,620 +46.4% |
| 2022 | $919 -9.9% | $12,719 |
Find assessor info on the county website
Neighborhood: Middlebury
Nearby schools
GreatSchools rating
- 3/10Mason Community Learning CenterGrades: PK-6Distance: 0.2 mi
- 3/10East Community Learning CenterGrades: 7-12Distance: 1.4 mi
Schools provided by the listing agent
- District: Akron CSD - 7701
Source: MLS Now. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$86,800
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$86,800
- Ohio
- Summit County
- Akron
- 44306
- Middlebury
- 347 Cleveland St