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501 N Park Drive Ravenna, OH $ 329,000
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501 N Park Drive
$ 329,000
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501 N Park Drive

Ravenna, OH, 44266
$ 329,000
Bedrooms6 Baths3.0 Sq 2,862

Monthly Estimate*

$ 2,026

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Multi-Family Home for sale in Ravenna, OH

for $329,000 with 6 bedrooms and 3 full baths. This 2,862 square foot home was built in 1980 on a lot size of 0.223.

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 commuters. Turnkey opportunity for investors seeking steady income and upside. Call Today!

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Multi-Family Active

Price

$ 329,000

Bedrooms

6

Full Bath

3

Property Type

Multi-Family

Taxes

$ 3,417

Style

Lot Size

0.223

Year Built

1980

Town/City

Ravenna

County/Region

Portage

MLS | Web ID

5215338
Features
General
Sewer Public Sewer
Heating Baseboard Electric
Cooling Central Air
Possession Delivery Of Deed
Roof Asphalt Fiberglass
Garage Spaces 3
Construction Materials Brick Metal Siding Wood Siding
Year Built 1980
Tenant Pays All Utilities
Stories Count 2
Township Ravenna
Levels Two
Property Subtype Triplex
Tax Year 2025
County Portage
Property Type Residential Income
Attached Garage true
Subdivision Name North Park
Facing Direction Southeast
Garage Y/N true
Total Rooms 12
Full Baths 3
Status Active
Directions State Route 88 North to Lovers Lane. Left (West) on Lovers Lane left on North Park.
City Ravenna
Disclosures Principal is Real Estate Licensed
High School District Ravenna CSD - 6706
Lot Size Units Acres
Carport Spaces 0
Carport Y/N false
Tax Annual Amount 3417
Home Warranty Y/N false
Living Area Units Square Feet
Standard Status Active
Middle/Junior School District Ravenna CSD - 6706
Elementary School District Ravenna CSD - 6706
Year Built Source Public Records
Property Sub Type Additional Triplex
Legal Description NORTH PARK CONDO LOT 5 FUTURE DEV PHASE 1
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Interior
Basement None Other
Basement (Y/N) false
Air Conditioning Y/N true
Heating Y/N true
Above Grade Finished Area 2862
Half Baths 0
Total Bedrooms 6
Main Level Bathrooms 0
Above Grade Finished Area Source Public Records
Total Baths 3
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Exterior
Parking Features Attached Driveway Garage
Water Source Public
Lot Size Area 0.223
Number of Buildings 1
Lot Size Acres 0.223
Lot Size Source Assessor
Waterfront Y/N false
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* Excluded Features
List By
Ryan Poland

Listing Agent

Jack Kohl Realty

Broker

rpoland@jkohlre.com

Email

Affordability Calculator

$2,310
Per Month
88%
12%
0%
Monthly Principal & Interest
$2,026
Monthly Property Taxes
$285
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
4458277 Elementary School
4458618 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
6/5/2026$329,000 Listed Price

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501 N Park Drive, Ravenna, OH, 44266 is a Multi-Family Home for sale at $329,000 with 2,862 sqft and a lot size of 0.223. 501 N Park Drive has 6 bedrooms, 3.0 baths, and was built in 1980. The property's zip code is 44266 which is in Ravenna, OH

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