650 Reed Ave Akron, OH 44306
Firestone Park NeighborhoodEstimated payment $704/month
Total Views
279
2
Beds
1
Bath
--
Sq Ft
--
Price per Sq Ft
Highlights
- Cape Cod Architecture
- 2 Car Detached Garage
- Forced Air 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
- $1,729
Year Built
- Built in 1944
Parking
- 2 Car Detached Garage
Home Design
- Cape Cod Architecture
- Bungalow
- Asphalt Roof
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Utilities
- No Cooling
- Forced Air Heating System
Additional Features
- 1.5-Story Property
- 6,268 Sq Ft Lot
- Basement
Community Details
- No Home Owners Association
- Pt Mccourt Allotment Subdivision
Listing and Financial Details
- Assessor Parcel Number 6819023
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 | $1,450 | $25,711 | $7,952 | $17,759 |
| 2024 | $1,450 | $25,711 | $7,952 | $17,759 |
| 2023 | $1,450 | $25,711 | $7,952 | $17,759 |
| 2022 | $1,239 | $15,554 | $4,676 | $10,878 |
| 2021 | $1,140 | $15,554 | $4,676 | $10,878 |
| 2020 | $1,124 | $15,560 | $4,680 | $10,880 |
| 2019 | $1,263 | $16,060 | $4,680 | $11,380 |
| 2018 | $1,247 | $16,060 | $4,680 | $11,380 |
| 2017 | $1,457 | $16,060 | $4,680 | $11,380 |
| 2016 | $1,458 | $18,670 | $4,680 | $13,990 |
| 2015 | $1,457 | $18,670 | $4,680 | $13,990 |
| 2014 | $1,445 | $18,670 | $4,680 | $13,990 |
| 2013 | $1,494 | $19,770 | $4,680 | $15,090 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/26/2025 08/26/25 | For Sale | $103,700 | 0.0% | -- |
| 07/08/2023 07/08/23 | Rented | $1,000 | 0.0% | -- |
| 07/08/2023 07/08/23 | Under Contract | -- | -- | -- |
| 05/16/2023 05/16/23 | For Rent | $1,000 | +17.6% | -- |
| 02/15/2022 02/15/22 | Rented | $850 | 0.0% | -- |
| 01/24/2022 01/24/22 | Under Contract | -- | -- | -- |
| 01/21/2022 01/21/22 | For Rent | $850 | -- | -- |
Source: MLS Now
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $76,000 | Chicago Title | |
| Warranty Deed | $995,000 | Chicago Title | |
| Warranty Deed | $50,000 | Fireland Title | |
| Deed | $45,000 | -- | |
| Deed | $45,000 | Accommodation | |
| Deed | -- | None Available | |
| Sheriffs Deed | $9,905 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $58,368 | Credit Line Revolving | |
| Previous Owner | $360,000 | New Conventional | |
| Previous Owner | $360,000 | Commercial | |
| Previous Owner | $10,000 | Unknown |
Source: Public Records
Similar Homes in Akron, OH
Source: MLS Now
MLS Number: 5153927
APN: 68-19023
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