242 W Highland Avenue
Ravenna, OH 44266
5
Bed
3
Bath
2,571Sqft
0.28Acre(Lot)
Great investment opportunity in the heart of Ravenna! This fully occupied triplex generates $2,400/month in gross income and features three well-maintained units—one 3-bedroom and two 1-bedroom apartments. Each unit offers spacious rooms, excellent storage, and separate utilities (owner pays water, sewer, and trash). Tenants cover gas and electric. Additional highlights include a large off-street parking lot accessed from Springfield Ave, public utilities, and a solid rental history. Conveniently located near downtown amenities, shopping, and major routes. A strong turnkey addition to any portfolio or a great start for a new investor!
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 5Bathroom Information
Total Baths: 3 Full Baths: 3Room Information
Rooms Total: 12 Has Basement: Yes Basement: Exterior Entry, Unfinished -
Roofing Information
Asphalt -
Interior Features
Roof: Asphalt -
Heating & Cooling
Has Heating: Yes Heating: Natural Gas, Forced Air Cooling: None
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Building Information
Year Built: 1890 Construction Materials: Wood Siding Stories: 2 Private Pool: No
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Lot Information
Main Square Feet: 0.2849 Acres Lot Size Acres: 0.2849 Lot Size Source: Public RecordsProperty Information
Subdivision: Hld Source Property Type: Residential Income Property SubType: Triplex Levels: Two Property Age: 136
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Listing Price Information
Listing Price: $220000
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Tax Information
Parcel Number: 31-360-03-00-092-000 Tax Year: 2025 Annual Tax: $1937 Tax Legal Desc: HLD LOT 6 F 73
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Parking Information
Gravel, No Garage, Off Street, Parking Lot
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Location Information
Direction: W Highland Ave between Cleveland and Chestnut. To access parking - there is no driveway off Highland, Turn down Day St and then on to Springfield Ave. Parking lot is in the back of the unit. WaterSource: Public
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 541 & 547 E Main Street, Ravenna, OH, 44266 | $369,000 | 7 | 3 | 2,208 | 2,208 SqFt |
| 246 Grant Street, Ravenna, OH, 44266 | $160,000 | 3 | 2 | 1,657 | 1,657 SqFt |
Similar Multifamily To 242 W Highland Avenue
Nearby For Sale
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MLS Now. Real estate listings are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed.
ByOwner last updated this listing 07/18/2026 @ 10:50
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