Property Description

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!

242 W Highland Avenue | MLS# 5163600

This multi-family property located at 242 W Highland Avenue, Ravenna, OH 44266 is currently listed for sale with an asking price of $250,000. W Highland Avenue is located within the Ravenna City school district. Search Ravenna real estate on www.leahackerman.com today.

Property Features

Property Type: Multi Unit - Multiple

Basement: Yes

Basement: Exterior Entry, Unfinished

Cooling: None

Days on Market: 114

Heating: Forced Air, Gas

Lot Size: 0.28 Acres

Roof Type: Asphalt

Stories: 2.0

Taxes: $1,652 / year

Year Built: 1890

Feature Descriptions

Exterior: Wood Siding

Parcel#: 31-360-03-00-092-000

Parking: Gravel, No Garage, Off Street, Parking Lot

Sewer: Public Sewer

Water: Public

Local Schools

School District: Ravenna City

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Estimated Payment

$ 1,430.33 per month $1,219.75 Principal & Interest $137.67 Property Tax $72.92 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 03/03/2026. The listing information on this page last changed on 03/03/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Tue 03/03/2026 12:00:00 AM EST) or Dayton MLS (last updated Mon 03/02/2026 11:46:31 PM EST) or CBRMLS (last updated Mon 03/02/2026 11:54:37 PM EST) or Multiple Listing Service of Greater Cincinnati (last updated Mon 03/02/2026 11:53:32 PM EST) or NKY MLS (last updated Mon 03/02/2026 11:28:25 PM EST) or Wrist MLS (last updated Mon 03/02/2026 11:24:17 PM EST) or Firelands MLS (last updated Mon 03/02/2026 11:11:16 PM EST) or MLS NOW (last updated Mon 03/02/2026 11:57:30 PM EST). Real estate listings held by brokerage firms other than Cutler Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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242 W Highland AvenueRavenna, OH 44266

TOUR THIS HOME

Property Description

242 W Highland Avenue | MLS# 5163600

Property Features

Feature Descriptions

Local Schools

Estimate Your Payment

Change Payment Information

242 W Highland AvenueRavenna, OH 44266

TOUR THIS HOME

Property Description

242 W Highland Avenue | MLS# 5163600

Property Features

Feature Descriptions

Local Schools

Estimate Your Payment

Change Payment Information

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