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$220,000

  • For Sale
  • Active
  • Triplex
  • 5 Beds
  • 3 Full Baths
  • 2,571 Sq. Ft.
  • 0.2849 Acres
  • Updated 7 days ago
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Great investment opportunity in the heart of Ravenna! This fully occupied triplex generates $2,400/month in gross income and features three well-maintained units-one 3-bedroom and two 1-bedroom apartments. Each unit offers spacious rooms, excellent storage, and separate utilities (owner pays water, sewer, and trash). Tenants cover gas and electric. Additional highlights include a large off-street parking lot accessed from Springfield Ave, public utilities, and a solid rental history. Conveniently located near downtown amenities, shopping, and major routes. A strong turnkey addition to any portfolio or a great start for a new investor!

Full Property Details for 242 W Highland Ave

General

  • Price: $220,000
  • Taxes: $1,937 (2025)
  • Status: Active
  • Type: Triplex
  • Source: 505
  • MLS ID: 5213026
  • Updated: 5/27/2026
  • Added to Site: 7 day(s) ago

Interior

  • Number of Rooms: 12

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 3

Bedrooms

  • Total Bedrooms: 5

Parking

  • Parking Features: Gravel, No Garage, Off Street, Parking Lot

Location

  • County: Portage
  • Township: Ravenna
  • Subdivision: Hld
  • Driving Directions: W Highland Ave between Cleveland and Chestnut. To access parking - there is no driveway off Highland, Turn down Day St and then on to Springfield Ave. Parking lot is in the back of the unit.

School Information

  • Elem School District: Ravenna CSD - 6706
  • Midd School District: Ravenna CSD - 6706
  • High School District: Ravenna CSD - 6706

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Forced Air, Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • # Buildings: 1
  • Construction: Wood Siding
  • Basement: Yes
  • Basement Desc.: Exterior Entry, Unfinished
  • Roof: Asphalt
  • Stories/Levels: 2
  • Square Feet: 2,571
  • Living Area: 2,571 Sq. Ft.
  • Finished Above Grnd: 2,571 Sq. Ft.
  • Year Built: 1890
  • Year Built Source: Public Records

Lot Features

  • Lot Size (Acres): 0.2849
  • Lot Size: .2849
  • Lot Size Source: Public Records

Financial Considerations

  • Tax Amount: $1,937
  • Tax Year: 2025
  • Owner Pays: Sewer, Trash Collection, Water
  • Tenant Pays: Cable TV, Electricity, Gas

Disclosures and Reports

  • Legal Description: HLD LOT 6 F 73
  • Disclosures/Rstr.: Principal is Real Estate Licensed
  • Property ID: 31-360-03-00-092-000

Listed by Berkshire Hathaway HomeServices Stouffer Realty, Jennifer M Filipczak-Turner

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Listing agent

— 242 W Highland Ave —

  • Jennifer M Filipczak-Turner

    Berkshire Hathaway HomeServices Stouffer Realty

jturner.realtor@gmail.com, 330-554-6507

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 242 W Highland Ave

School District:Ravenna City School District
NameGradesDistance
West Main Elementary School
639 West Main Street, Ravenna, OH 44266
3-40.4 mi
West Park Elementary School
1071 Jones Avenue, Ravenna, OH 44266
K-0.9 mi
Brown Middle School
228 South Scranton Street, Ravenna, OH 44266
5-81 mi
Ravenna High School
6589 North Chestnut Street, Ravenna, OH 44266
9-120.7 mi
Willyard Elementary School
680 Summit Street, Ravenna, OH 44266
1-21.5 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 242 W Highland Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/27/2026
Listed
$220,000
161.9%
MLS
4/18/2006
Sold
$84,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 242 W Highland Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,937
17%
$44,240
79%
2024
$1,652
47%
$24,710
—
2023
$1,127
—
$24,710
—
2021
$1,129
—
$24,710
—
2022
$1,127
—
$24,710
13%
2020
$1,129
—
$21,950
—
2019
$1,130
1%
$21,950
—
2018
$1,122
2%
$21,950
9%
2017
$1,096
6%
$20,130
—
2016
$1,032
—
$20,130
—
2015
$1,034
-9%
$20,130
-9%
2014
$1,133
1%
$22,090
—
2013
$1,126
—
$22,090
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Berkshire Hathaway HomeServices Stouffer Realty, Jennifer M Filipczak-Turner

242 W Highland Avenue, Ravenna, OH 44266 (MLS# 5213026) is a Triplex property with 5 bedrooms and 3 full bathrooms. 242 W Highland Avenue is currently listed for $220,000 and was received on May 27, 2026. Want to learn more about 242 W Highland Avenue? Do you have questions about finding other Triplex real estate for sale in Ravenna? You can browse all Ravenna real estate or contact a Coldwell Banker agent to request more information.

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