650 Reed Avenue Akron, OH $ 103,700
650 Reed Avenue
$ 103,700
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650 Reed Avenue

Akron, OH, 44306
$ 103,700
Bedrooms2 Baths1.0

Monthly Estimate*

$ 647

650 Reed Avenue, Akron, OH 44306 - Image 1
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Single Family Home for sale in Akron, OH

for $103,700 with 2 bedrooms and 1 full bath. This home was built in 1944 on a lot size of 0.1439.

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

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Single Family Pending

Price

$ 103,700

Bedrooms

2

Full Bath

1

Property Type

Single Family

Taxes

$ 1,729

Style

Lot Size

0.1439

Year Built

1944

Town/City

Akron

County/Region

Summit

MLS | Web ID

5153927

Features
General
Sewer Public Sewer
Heating Forced Air
Cooling None
Possession Negotiable
Roof Asphalt
Garage Spaces 2
Architectural Style Bungalow Cape Cod
Construction Materials Other
Year Built 1944
Township Akron
Levels One and One Half
Property Subtype Single Family Residence
Tax Year 2024
County Summit
Property Type Residential
HOA false
Attached Garage false
Subdivision Name Pt Mccourt Allotment
Garage Y/N true
Total Rooms 5
Full Baths 1
Status Pending
Directions Hammel St and Reed Ave
City Akron
High School District Akron CSD - 7701
Lot Size Units Acres
Carport Y/N false
Land Lease Y/N false
Tax Annual Amount 1729
Home Warranty Y/N false
Living Area Units Square Feet
Standard Status Pending
Middle/Junior School District Akron CSD - 7701
Elementary School District Akron CSD - 7701
Year Built Source Assessor
Property Sub Type Additional Single Family Residence
Legal Description P T MC COURT LOTS 660 E 27FT 661 W 25 FT
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Interior
Basement Concrete
Total Fireplaces 0
Basement (Y/N) true
Air Conditioning Y/N false
Heating Y/N true
Fireplace Y/N false
Half Baths 0
Total Bedrooms 2
Main Level Bedrooms 0
Main Level Bathrooms 1
Total Baths 1
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Exterior
Parking Features Detached Garage
Water Source Public
Lot Size Area 0.1439
Lot Size Acres 0.1439
Lot Size Source Assessor
Waterfront Y/N false
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* Excluded Features
List By
Kim Lewis

Listing Agent

Home Equity Realty Group

Broker

kim.lewis@heqrealty.com

Email

Affordability Calculator

$791
Per Month
82%
18%
0%
Monthly Principal & Interest
$647
Monthly Property Taxes
$144
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4457920 Elementary School
4457926 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/17/2025$103,700 Listed Price

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650 Reed Avenue, Akron, OH, 44306 is a Single Family Home for sale at $103,700 with a lot size of 0.1439. 650 Reed Avenue has 2 bedrooms, 1.0 baths, and was built in 1944. The property's zip code is 44306 which is in Akron, OH