228 Cole Ave Akron, OH 44301
South Akron NeighborhoodEstimated payment $2,097/month
About This Home
House Hack Opportunity! A great opportunity for owner-occupants, FHA buyers, and investors—this solid brick 4-unit multifamily property offers a rare opportunity to live in one unit while collecting rental income from the other three. Whether you’re looking to reduce your monthly housing costs or start building your real estate portfolio, this property checks all the boxes.
Each spacious unit features 1 bedroom, 1 bathroom, a living room, dining room, and a bonus room. The property is currently fully occupied, with two units renting for $500/month and two units renting for $750/month, providing immediate cash flow with room to increase rents over time. Looking for even more upside? The lower level offers the potential to be finished and converted into two additional units
Listing Agent
Realuxe Ohio Brokerage Email: mandria@realuxerealestate.com, 440-341-2878 License #2003007374 Listed on: 07/27/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,550
Year Built
- Built in 1928 | Remodeled
Lot Details
- 5,672 Sq Ft Lot
Parking
- Gravel Driveway
Home Design
- Quadruplex
- Brick Exterior Construction
- Asphalt Roof
Interior Spaces
- 3,360 Sq Ft Home
- 2-Story Property
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Full Bathrooms
Utilities
- No Cooling
- Hot Water Heating System
- Heating System Uses Steam
Community Details
- Cole Ave Allotment Subdivision
Listing and Financial Details
- Assessor Parcel Number 6746975
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $6,626 | $57,688 | $5,954 | $51,734 |
| 2025 | $12,916 | $56,613 | $5,954 | $50,659 |
| 2024 | $6,026 | $56,613 | $5,954 | $50,659 |
| 2023 | $5,611 | $56,613 | $5,954 | $50,659 |
| 2022 | $5,611 | $56,613 | $5,954 | $50,659 |
| 2021 | $5,098 | $56,613 | $5,954 | $50,659 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/27/2026 07/27/26 | For Sale | $299,900 | -- | $89 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $135,000 | Athena Box Village Title | |
| Quit Claim Deed | $115,000 | Greater Cleveland Title | |
| Contract Of Sale | -- | -- | |
| Warranty Deed | $20,000 | Greater Cleveland Title Llc | |
| Deed | $123,600 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $158,600 | Construction | |
| Previous Owner | $200,000 | Commercial | |
| Previous Owner | $79,800 | Commercial |
Source: MLS Now
MLS Number: 5231356
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