USAOHTallmadge399 N Thomas Rd
399 N Thomas Rd, Home with 5 bedrooms, 4 bathrooms and null parking in Tallmadge OH | Image 1
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$205,000

399 N Thomas Rd, Tallmadge, OH

Real Estate

For Sale

$--,---,---
540
  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size 1576 sqft
Garage No
Taxes $3,519
Days Active 2
Lot Size 
Approx. Age 1948
Avg. Price Per Sqft $130
MLS® Number 5134444

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

4-unit investment property, gross projected rent over $40, 000 in a peaceful, highly sought-after area of Tallmadge. The two home property is situated on 1.6 acres; featuring a 1 bed / 1 bath house and a triplex. At full occupancy, this property is an amazing ash-flowing investment with room to grow. The rental breakdown includes a 1 bed, 1 bath house rented for $625/month; a 2 bed, 1 bath unit in the triplex potential rent at $1200/month; a studio renting for $650/month; and a 1 bed, 1 bath unit that is rented $965. All tenants are on month-to-month leases, allowing flexibility for adjustments or rent increases. With the final unit leased and rents brought up to market value, there’s significant upside potential. The owner self-manages and bills back water, gas, and electric for the house, while covering all utilities for the triplex for tenant convenience. The property has been well maintained, with recent updates including a new water heater installed in 2024, two brand new roofs, and a five-year-old furnace. This is a rare opportunity in a quiet, desirable location with strong projected income and long-term investment potential.Show Description
MLS® Number5134444
Laundry LevelGas Dryer Hookup
Central VacNo
FireplaceNo
Acreage0.9642
Exterior
GarageNo
Approx. Age1948
BasementPartially Finished
DrivewayAdditional Parking, Driveway, Parking Lot
Garage Spaces
HeatForced Air, Gas
A/CWall Window Units
Heating Fuel

Extras

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