5601 Newton Falls Rd Ravenna, OH 44266
Estimated payment $1,345/month
Highlights
- Direct Access Garage
- Central Air
- Baseboard Heating
- Double Pane Windows
About This Home
Fantastic Opportunity – Two-Unit Multifamily Home!
Don’t miss this exceptional chance to own a versatile two-unit multifamily property—perfect for owner-occupants or investors. Live in one unit and rent the other, or rent both for excellent income potential. Each spacious unit features 3 generously sized bedrooms, high ceilings, and a blend of modern updates and classic charm. The owner’s unit includes a bright eat-in kitchen, ample storage, and access to a full-size basement.
Nestled on over half an acre, the property offers plenty of parking, a beautiful wooded backyard, and a welcoming front porch—ideal for enjoying the outdoors in peace and privacy. Whether you're looking for a home with rental income or a solid addition to your investment portfolio, this property offers it all! Call for private showing.
Listing Agent
Keller Williams Chervenic Rlty Brokerage Email: taikens@kw.com, 330-815-9728 License #323136 Listed on: 09/01/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,322
Year Built
- Built in 1850
Lot Details
- 0.56 Acre Lot
Home Design
- Asphalt Roof
- Vinyl Siding
Interior Spaces
- 3,286 Sq Ft Home
- 2-Story Property
- Double Pane Windows
- Fire and Smoke Detector
- Range
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Full Bathrooms
Basement
- Basement Fills Entire Space Under The House
- Laundry in Basement
Parking
- Direct Access Garage
- No Garage
Utilities
- Central Air
- Baseboard Heating
- Septic Tank
Community Details
- Charleston Subdivision
Listing and Financial Details
- Assessor Parcel Number 05-037-00-00-002-000
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 |
|---|---|---|---|---|
| 2024 | $2,322 | $59,960 | $5,780 | $54,180 |
| 2023 | $2,305 | $58,310 | $4,830 | $53,480 |
| 2022 | $2,395 | $58,310 | $4,830 | $53,480 |
| 2021 | $2,416 | $58,310 | $4,830 | $53,480 |
| 2020 | $2,269 | $53,000 | $4,380 | $48,620 |
| 2019 | $2,275 | $53,000 | $4,380 | $48,620 |
| 2018 | $1,961 | $42,990 | $4,380 | $38,610 |
| 2017 | $1,961 | $42,990 | $4,380 | $38,610 |
| 2016 | $1,954 | $42,990 | $4,380 | $38,610 |
| 2015 | $1,958 | $42,990 | $4,380 | $38,610 |
| 2014 | $1,966 | $42,990 | $4,380 | $38,610 |
| 2013 | $1,946 | $42,990 | $4,380 | $38,610 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/30/2025 09/30/25 | Price Changed | $218,900 | -2.2% | $67 / Sq Ft | |
| 09/01/2025 09/01/25 | For Sale | $223,900 | +18.8% | $68 / Sq Ft | |
| 03/23/2023 03/23/23 | Sold | $188,500 | 0.0% | $38 / Sq Ft | View Prior Sale |
| 02/10/2023 02/10/23 | Pending | -- | -- | -- | |
| 09/11/2022 09/11/22 | Price Changed | $188,500 | -0.3% | $38 / Sq Ft | |
| 08/23/2022 08/23/22 | For Sale | $189,000 | -- | $38 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | -- | |
| Warranty Deed | $44,000 | Prism Title & Closing Servic | |
| Special Warranty Deed | -- | Prism Title & Closing Servic | |
| Sheriffs Deed | $79,334 | None Available | |
| Deed | $105,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $185,085 | FHA | |
| Previous Owner | $99,750 | New Conventional | |
| Closed | $9,425 | No Value Available |
Source: MLS Now
MLS Number: 5153299
APN: 05-037-00-00-002-000
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