399 N Thomas Road, Tallmadge, OH 44278

• 5 beds |
• 4 baths |
• 1,576 sqft

Property 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.

Listing Status:

Active

Listing Office:

HomeSmart Real Estate Momentum LLC : 440-578-8058

Listing Agent:

Austin Assad : 330-541-6918

MLS ID:

5134444

Interior

• Appliances: MicrowaveRange
• Laundry: Gas Dryer Hookup
• Basement: Partially Finished
• A/C: Wall/Window Unit(s)
• Heating: Forced AirGas

Exterior

• Parking: Additional ParkingDrivewayParking Lot

Construction

• Roofing: AsphaltFiberglass
• General: Aluminum SidingBrickThree Or More

Location

• Originating MLS: NOWDD_NORM
• School District: Tallmadge CSD - 7715
• County: Summit

Lot

• Zoning: TR 6 LOT 1 SUB 5 G N SMITH .950A6005811

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: NOWDD_NORM

This listing courtesy of Austin Assad, HomeSmart Real Estate Momentum LLC