539 Thelma Ave Akron, OH 44314
Summit Lake NeighborhoodEstimated payment $676/month
Highlights
- Colonial Architecture
- Direct Access Garage
- Hot Water Heating System
- No HOA
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
- $1,209
Year Built
- Built in 1918
Home Design
- Colonial Architecture
- Asphalt Roof
Bedrooms and Bathrooms
- 3 Bedrooms
- 1 Full Bathroom
Parking
- Direct Access Garage
- 2 Carport Spaces
Utilities
- No Cooling
- Hot Water Heating System
Additional Features
- 2-Story Property
- 4,800 Sq Ft Lot
- Unfinished Basement
Community Details
- No Home Owners Association
- Summit Lake Allotment Subdivision
Listing and Financial Details
- Assessor Parcel Number 6821068
Map
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 | $1,014 | $17,861 | $3,707 | $14,154 |
| 2024 | $1,014 | $17,861 | $3,707 | $14,154 |
| 2023 | $1,014 | $17,861 | $3,707 | $14,154 |
| 2022 | $817 | $11,096 | $2,181 | $8,915 |
| 2021 | $818 | $11,096 | $2,181 | $8,915 |
| 2020 | $937 | $11,560 | $2,180 | $9,380 |
| 2019 | $1,145 | $13,370 | $3,120 | $10,250 |
| 2018 | $1,132 | $13,370 | $3,120 | $10,250 |
| 2017 | $1,066 | $13,370 | $3,120 | $10,250 |
| 2016 | $1,067 | $13,610 | $3,120 | $10,490 |
| 2015 | $1,066 | $13,610 | $3,120 | $10,490 |
| 2014 | $1,058 | $13,610 | $3,120 | $10,490 |
| 2013 | $1,037 | $13,620 | $3,120 | $10,500 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/17/2025 09/17/25 | Pending | -- | -- | -- | |
| 08/26/2025 08/26/25 | For Sale | $110,000 | 0.0% | -- | |
| 08/29/2023 08/29/23 | Rented | $875 | 0.0% | -- | |
| 08/29/2023 08/29/23 | Under Contract | -- | -- | -- | |
| 07/31/2023 07/31/23 | Price Changed | $875 | -2.8% | $1 / Sq Ft | |
| 06/29/2023 06/29/23 | Price Changed | $900 | -7.7% | $1 / Sq Ft | |
| 04/12/2023 04/12/23 | For Rent | $975 | +14.7% | -- | |
| 04/22/2022 04/22/22 | Rented | $850 | 0.0% | -- | |
| 04/05/2022 04/05/22 | Under Contract | -- | -- | -- | |
| 03/14/2022 03/14/22 | For Rent | $850 | +3.0% | -- | |
| 02/13/2021 02/13/21 | Rented | $825 | 0.0% | -- | |
| 02/08/2021 02/08/21 | Under Contract | -- | -- | -- | |
| 01/27/2021 01/27/21 | For Rent | $825 | +3.1% | -- | |
| 08/21/2020 08/21/20 | Rented | $800 | 0.0% | -- | |
| 08/04/2020 08/04/20 | Under Contract | -- | -- | -- | |
| 07/08/2020 07/08/20 | For Rent | $800 | 0.0% | -- | |
| 03/13/2020 03/13/20 | Sold | $35,000 | -36.4% | $35 / Sq Ft | View Prior Sale |
| 02/12/2020 02/12/20 | Pending | -- | -- | -- | |
| 02/04/2020 02/04/20 | For Sale | $55,000 | 0.0% | $55 / Sq Ft | |
| 07/24/2019 07/24/19 | Rented | $650 | 0.0% | -- | |
| 07/22/2019 07/22/19 | Under Contract | -- | -- | -- | |
| 07/16/2019 07/16/19 | For Rent | $650 | 0.0% | -- | |
| 09/15/2014 09/15/14 | Sold | $14,000 | -29.6% | $14 / Sq Ft | View Prior Sale |
| 09/15/2014 09/15/14 | Pending | -- | -- | -- | |
| 08/05/2014 08/05/14 | For Sale | $19,900 | -- | $20 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $79,000 | 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 | |
| Warranty Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $60,672 | Credit Line Revolving |
Source: MLS Now
MLS Number: 5153936
APN: 68-21068
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