534 Thelma Ave Akron, OH 44314
Summit Lake NeighborhoodEstimated payment $572/month
Total Views
178
2
Beds
1
Bath
2,760
Sq Ft
$30
Price per Sq Ft
Highlights
- No HOA
- Bungalow
- Forced Air Heating System
- Direct Access Garage
About This Home
Outstanding investment portfolio opportunity with property management in place in Akron, Ohio, offering strong cash flow and significant upside. This package includes all properties listed below and their associated parcels, with a current occupancy of 86% across the portfolio. At market rents, the portfolio is projected to deliver a cap rate of 14% or greater, making it an excellent addition for investors seeking immediate performance with room for growth. The properties include a mix of single-family and multi-family units located throughout Akron and Barberton, positioned near major employers, schools, and transportation. Tenants are responsible for utilities in most units, helping to maintain healthy operating margins. With steady rental demand in the area and recent performance already in place, this turnkey package represents a rare chance to acquire a diversified, income-producing portfolio in a high-demand rental market. Properties and parcels included in this sale are: 1115 Florida Ave., Akron, OH 44314 – Parcel #6854800; 1725 Manchester Rd., Akron, OH 44314 – Parcel #6759324; 213 Hermann St., Barberton, OH 44203 – Parcel #0106466; 2167 East Ave., Akron, OH 44314 – Parcel #6734163; 2513 Christensen Ave., Akron, OH 44314 – Parcel #6804010; 530 Thelma Ave., Akron, OH 44314 – Parcel #6827182; 534 Thelma Ave., Akron, OH 44314 – Parcel #6706664; 539 Thelma Ave., Akron, OH 44314 – Parcel #6821068; 543 Thelma Ave., Akron, OH 44314 – Parcel #6821067; 545 Thelma Ave., Akron, OH 44314 – Parcel #6814967; 546 Thelma Ave., Akron, OH 44314 – Parcel #6821066; 601 Glendora Ave., Akron, OH 44320 – Parcel #6749017; 650 Reed Ave., Akron, OH 44306 – Parcel #6819023; 694 Virginia Ave., Akron, OH 44306 – Parcel #6725186; 955 N Firestone Blvd., Akron, OH 44306 – Parcel #6742296. Financials and rent rolls are available upon request
Listing Agent
Home Equity Realty Group Brokerage Email: kim.lewis@heqrealty.com, 440-799-5638 License #2017004453 Listed on: 08/26/2025
Co-Listing Agent
Home Equity Realty Group Brokerage Email: kim.lewis@heqrealty.com, 440-799-5638 License #2025003866
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,410
Year Built
- Built in 1923
Lot Details
- 4,800 Sq Ft Lot
Parking
- Direct Access Garage
Home Design
- Bungalow
- Asphalt Roof
Interior Spaces
- 2-Story Property
- Finished Basement
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Utilities
- No Cooling
- Forced Air Heating System
Community Details
- No Home Owners Association
- Summit Lake Allotment Subdivision
Listing and Financial Details
- Assessor Parcel Number 6706664
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| 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 |
|---|---|---|---|---|
| 2025 | $1,181 | $21,029 | $3,707 | $17,322 |
| 2024 | $1,181 | $21,029 | $3,707 | $17,322 |
| 2023 | $1,181 | $21,029 | $3,707 | $17,322 |
| 2022 | $1,060 | $13,220 | $2,181 | $11,039 |
| 2021 | $960 | $13,220 | $2,181 | $11,039 |
| 2020 | $968 | $12,030 | $2,180 | $9,850 |
| 2019 | $1,259 | $14,930 | $3,120 | $11,810 |
| 2018 | $1,244 | $14,930 | $3,120 | $11,810 |
| 2017 | $1,179 | $14,930 | $3,120 | $11,810 |
| 2016 | $1,180 | $15,170 | $3,120 | $12,050 |
| 2015 | $1,179 | $15,170 | $3,120 | $12,050 |
| 2014 | $1,170 | $15,170 | $3,120 | $12,050 |
| 2013 | $1,173 | $15,980 | $3,120 | $12,860 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/26/2025 08/26/25 | For Sale | $84,000 | 0.0% | $30 / Sq Ft |
| 07/13/2020 07/13/20 | Rented | $800 | 0.0% | -- |
| 07/08/2020 07/08/20 | Under Contract | -- | -- | -- |
| 06/20/2020 06/20/20 | For Rent | $800 | 0.0% | -- |
| 03/13/2020 03/13/20 | Sold | $35,500 | -35.5% | $38 / Sq Ft |
| 02/12/2020 02/12/20 | Pending | -- | -- | -- |
| 02/04/2020 02/04/20 | For Sale | $55,000 | 0.0% | $59 / Sq Ft |
| 02/15/2019 02/15/19 | Rented | $700 | 0.0% | -- |
| 02/15/2019 02/15/19 | Under Contract | -- | -- | -- |
| 02/15/2019 02/15/19 | For Rent | $700 | 0.0% | -- |
| 09/15/2014 09/15/14 | Sold | $27,000 | -17.9% | $20 / Sq Ft |
| 09/15/2014 09/15/14 | Pending | -- | -- | -- |
| 08/05/2014 08/05/14 | For Sale | $32,900 | -- | $24 / Sq Ft |
Source: MLS Now
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $84,000 | Chicago Title | |
| Warranty Deed | $995,000 | Chicago Title | |
| Warranty Deed | $247,000 | Fireland Title | |
| Warranty Deed | $33,428 | None Available | |
| Warranty Deed | $11,600 | None Available | |
| Warranty Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $64,512 | Credit Line Revolving | |
| Previous Owner | $273,000 | Credit Line Revolving |
Source: Public Records
Similar Homes in Akron, OH
Source: MLS Now
MLS Number: 5153938
APN: 67-06664
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