Under Contract

501 N Park Drive

Ravenna, OH 44266

$329,000 $1,387/Mo

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Overview

Bed

Bath

2,862

Sqft

0.22

Acre(Lot)

Description

CALLING ALL INVESTORS! Excellent triplex investment in Ravenna with strong rental history — 2,862 sq ft across three well-maintained 2-bedroom, 1-bath units. Each unit includes a 1-car attached garage, laundry hookups and a private rear patio. Situated on a .223-acre lot with concrete driveways and city utilities. Recent upgrades: new steel siding (2026); garage doors replaced (2023 & 2025); new furnace in #501 (2025); new HVAC in #503 (2025); partial rehab with dishwasher, paint and flooring in #505 (2022); new flooring and appliances in #501. Ideal location minutes from the Portage County Hike & Bike Trail, Downtown Ravenna, Downtown Kent, Kent State University, NEOMED, the Turnpike and major roadways — strong rental demand and convenient access for students, professionals and com muters. Turnkey opportunity for investors seeking steady income and upside. Call Today!

Property Details

Property Type : Residential Income

Price : $329,000

AD Id : 80070867

MLS Id : 5215338

Beds : 6

Lot Size : 0.22 Acre

Living Area Size : 2,862

Year Built : 1980

Garage : 3

County : Portage

Subdivision: None Available

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 6

Bathroom Information

Total Baths: 3 Full Baths: 3

Room Information

Rooms Total: 12 Basement: None, Other
Roofing Information

Asphalt, Fiberglass
Interior Features

Roof: Asphalt, Fiberglass Laundry Features: Laundry Closet
Heating & Cooling

Has Heating: Yes Heating: Natural Gas, Forced Air Has Cooling: Yes Cooling: Central Air

Building Information

Year Built: 1980 Construction Materials: Brick, Metal Siding, Wood Siding Stories: 2 Private Pool: No

Lot Information

Main Square Feet: 0.223 Acres Lot Size Acres: 0.223 Lot Size Source: Assessor

Property Information

Subdivision: North Park Source Property Type: Residential Income Property SubType: Triplex Direction Faces: Southeast Levels: Two Property Age: 46

Listing Price Information

Listing Price: $329000

Tax Information

Parcel Number: 31-314-02-00-016-001 Tax Year: 2025 Annual Tax: $3417 Tax Legal Desc: NORTH PARK CONDO LOT 5 FUTURE DEV PHASE 1

Parking Information

Attached, Driveway, Garage

Garage Information

Has Garage: Yes Has Attached Garage: Yes Garage Space: 3

Location Information

Direction: State Route 88 North to Lovers Lane. Left (West) on Lovers Lane, left on North Park. WaterSource: Public

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
242 W Highland Avenue, Ravenna, OH, 44266	$220,000	5	3	2,571	2,571 SqFt
246 Grant Street, Ravenna, OH, 44266	$160,000	3	2	1,657	1,657 SqFt

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Bed

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Sqft

0.22

Acre(Lot)

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 06/18/2026 @ 16:20

MLS: 5215338 LISTED BY: Ryan Poland, Jack Kohl Realty 330-296-9997 SOURCE: MLS Now