550-554 Magnolia Avenue Cuyahoga Falls, OH $ 324,000
550-554 Magnolia Avenue
$ 324,000
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550-554 Magnolia Avenue

Cuyahoga Falls, OH, 44221
$ 324,000
Bedrooms8 Baths4.0

Monthly Estimate*

$ 2,046

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Multi-Family Home for sale in Cuyahoga Falls, OH

for $324,000 with 8 bedrooms and 4 full baths. This home was built in 1940 on a lot size of 0.4458.

Great Investment Opportunity in Cuyahoga Falls! This well-maintained triplex offers an excellent opportunity for investors or owner-occupants looking to generate rental income. The spacious main-floor unit features 4 bedrooms and 2 bathrooms and has been remodeled and updated, including a beautiful kitchen with granite countertops, new flooring, and all new appliances. The property consists of three separate units, providing multiple income streams. Two of the units have established rental histories, with one tenant in place for approximately 12 years and the back house tenant for approximately 7 years. Current rents include $975/month for the back house and $550/month for the upstairs unit. With a remodeled 4-bedroom unit, long-term rental history, multiple units, and recent improvements, 550 Magnolia offers a great opportunity to add a solid income-producing property to your investment portfolio. Agent related to seller.

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Multi-Family Active

Price

$ 324,000

Bedrooms

8

Full Bath

4

Property Type

Multi-Family

Taxes

$ 2,300

Style

Lot Size

0.4458

Year Built

1940

Town/City

Cuyahoga Falls

County/Region

Summit

MLS | Web ID

5245660

Features
General
Sewer Public Sewer
Heating Baseboard Electric Forced Air Gas
Cooling Central Air
Possession Delivery Of Deed
Roof Asphalt Fiberglass
Appliances Dryer Dishwasher Disposal Microwave Range Refrigerator Washer
Garage Spaces 1
Construction Materials Stone Vinyl Siding
Year Built 1940
Stories Count 2
Township Cuyahoga Falls
Levels Two
Property Subtype Triplex
Tax Year 2025
Additional Parcels Description 0216942 0216943
County Summit
Property Type Residential Income
Attached Garage false
Subdivision Name Tallmadge 01
Garage Y/N true
Full Baths 4
Status Active
Directions From Tallmadge Rd. turn onto Magnolia Ave.
City Cuyahoga Falls
High School District Cuyahoga Falls CSD - 7705
Lot Size Units Acres
Carport Y/N false
Tax Annual Amount 2300
Home Warranty Y/N false
Property Condition Updated/Remodeled
Living Area Units Square Feet
Standard Status Active
Middle/Junior School District Cuyahoga Falls CSD - 7705
Elementary School District Cuyahoga Falls CSD - 7705
Year Built Source Public Records
Property Sub Type Additional Triplex
Legal Description TR 1 SUB 149 KAUFMAN .160A
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Interior
Basement Finished Interior Entry Concrete Partially Finished Bath/Stubbed Walk-Out Access
Basement (Y/N) true
Air Conditioning Y/N true
Heating Y/N true
Half Baths 0
Laundry Features In Basement
Total Bedrooms 8
Main Level Bathrooms 0
Total Baths 4
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Exterior
Parking Features Additional Parking Driveway Garage
Water Source Public
Lot Size Area 0.4458
Foundation Details Block
Number of Buildings 2
Lot Size Acres 0.4458
Lot Size Source Assessor
Waterfront Y/N false
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* Excluded Features
List By
Chelsea Reed

Listing Agent

Mosholder Realty Inc.

Broker

CReed@mosholder.com

Email

Affordability Calculator

$2,237
Per Month
91%
9%
0%
Monthly Principal & Interest
$2,046
Monthly Property Taxes
$192
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
4457928 Elementary School
4457923 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/17/2026$324,000 Listed Price

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550-554 Magnolia Avenue, Cuyahoga Falls, OH, 44221 is a Multi-Family Home for sale at $324,000 with a lot size of 0.4458. 550-554 Magnolia Avenue has 8 bedrooms, 4.0 baths, and was built in 1940. The property's zip code is 44221 which is in Cuyahoga Falls, OH