Skip main navigation
Pending
  • $103,700

    650 Reed Ave, Akron, OH 44306

    2beds
    --sqft
    : 
    Single Family Residence
    Built in 1944
    6,268.28 Square Feet Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Outstanding investment portfolio opportunity with property management in place in Akron, Ohio, offering strong cash flow and significant upside. This package includes all properties listed below and their associated parcels, with a current occupancy of 86% across the portfolio. At market rents, the portfolio is projected to deliver a cap rate of 14% or greater, making it an excellent addition for investors seeking immediate performance with room for growth. The properties include a mix of single-family and multi-family units located throughout Akron and Barberton, positioned near major employers, schools, and transportation. Tenants are responsible for utilities in most units, helping to maintain healthy operating margins. With steady rental demand in the area and recent performance already in place, this turnkey package represents a rare chance to acquire a diversified, income-producing portfolio in a high-demand rental market. Properties and parcels included in this sale are: 1115 Florida Ave., Akron, OH 44314 – Parcel #6854800; 1725 Manchester Rd., Akron, OH 44314 – Parcel #6759324; 213 Hermann St., Barberton, OH 44203 – Parcel #0106466; 2167 East Ave., Akron, OH 44314 – Parcel #6734163; 2513 Christensen Ave., Akron, OH 44314 – Parcel #6804010; 530 Thelma Ave., Akron, OH 44314 – Parcel #6827182; 534 Thelma Ave., Akron, OH 44314 – Parcel #6706664; 539 Thelma Ave., Akron, OH 44314 – Parcel #6821068; 543 Thelma Ave., Akron, OH 44314 – Parcel #6821067; 545 Thelma Ave., Akron, OH 44314 – Parcel #6814967; 546 Thelma Ave., Akron, OH 44314 – Parcel #6821066; 601 Glendora Ave., Akron, OH 44320 – Parcel #6749017; 650 Reed Ave., Akron, OH 44306 – Parcel #6819023; 694 Virginia Ave., Akron, OH 44306 – Parcel #6725186; 955 N Firestone Blvd., Akron, OH 44306 – Parcel #6742296. Financials and rent rolls are available upon request
    123 days
    |
    8
    |
    0
    |

    Zillow last checked: 8 hours ago

    Listing updated: November 19, 2025 at 09:15am

    Listing Provided by:

    Kim Lewis 440-799-5638 kim.lewis@heqrealty.com,

    Home Equity Realty Group,

    Garrett Rowan 803-992-1429,

    Home Equity Realty Group

    Source: MLS Now,MLS#: 5153927MLS LogoOriginating MLS: Wayne Holmes Association of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 1
    • Full bathrooms: 1
    • Main level bathrooms: 1
    Heating
    • Forced Air
    Cooling
    • None
    Features
    • Basement: Concrete
    • Has fireplace: No
    Video & virtual tour

    Property

    Parking
    • Total spaces: 2
    • Parking features: Detached, Garage
    • Garage spaces: 2
    Features
    • Levels: One and One Half
    Lot
    • Size: 6,268.28 Square Feet
    Details
    • Parcel number: 6819023
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Bungalow,Cape Cod
    • Property subtype: Single Family Residence
    Materials
    • Other
    • Roof: Asphalt
    Condition
    • Year built: 1944

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Subdivision: Pt Mccourt Allotment
    HOA
    • Has HOA: No
    Location
    • Region: Akron

    Financial & listing details

    • Tax assessed value: $73,460
    • Annual tax amount: $1,729
    • Date on market: 9/4/2025
    • Cumulative days on market: 70 days
    Get pre-qualifiedBe ready to make an offer.
    Connect with an agentGet info on this home, tour, and more.
    Calculate monthly paymentSee if you can afford this home.

    Estimated market value

    Not available

    Estimated sales range

    Not available

    Not available

    Price history

    Price history
    DateEventPrice
    9/18/2025Pending sale$103,700
    Source: MLS Now #5153927 Report a problem
    9/4/2025Listed for sale$103,700+36.4%
    Source: MLS Now #5153927 Report a problem
    1/28/2025Sold$76,000+52%
    Source: Public Record Report a problem
    6/26/2023Listing removed--
    Source: Zillow Rentals Report a problem
    6/6/2023Listed for rent$1,000
    Source: Zillow Rentals Report a problem

    Public tax history

    Public tax history
    YearProperty taxesTax assessment
    2024$1,729 +19.3%$25,710
    2023$1,450 +17%$25,710 +65.3%
    2022$1,239 +8.7%$15,554

    Find assessor info on the county website

    BuyAbility℠ payment

    Est. payment
    $564/mo
    Principal & interest
    $402
    Property taxes
    $126
    Home insurance
    $36

      Climate risks

      Neighborhood: Firestone Park

      Nearby schools

      GreatSchools rating
      Schools provided by the listing agent
      • District: Akron CSD - 7701

      Source: MLS Now. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

      Similar homes

      Skip to the end of the carouselSkip to the beginning of the carousel
      • Loading