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$103,700

Listing Price

2beds

1baths

720sqft

6,270sqft lot

650 Reed Ave, Akron, OH 44306

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  • Full foreclosure details

  • Home value, equity and ownership info

  • Find homes priced below market

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For Sale

Off Market

Single Family

Home type

140.37

Price / sqft

1944

Year built

Home Details

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 #6

Interior Details

Square Feet
  • 720

Bedrooms
  • 2

Bathrooms
  • 1

Heating
  • Has Heating:

    Yes

  • Heating Type:

    Central

Cooling
  • Has Cooling:

    Yes

  • Cooling Type:

    Central

Fuel
  • Has Fuel:

    Yes

  • Fuel Type:

    Gas

Basement
  • Has Basement:

    No

  • Basement Type:

    Full

Flooring
  • Has Flooring:

    No

  • Flooring Type:

    N/A

Fireplace
  • Has Fireplace:

    Yes

  • Fireplace Type:

    N/A

Property Details

Lot Size
  • 6270

Water
  • No

Sewer
  • No

Parking
  • Type:

    Garage, Detached

  • Location:

    N/A

  • Status:

    N/A

  • Number of Spaces:

    1

Deck
  • No

Patio
  • No

Fence
  • No

Pool
  • No

Porch
  • Yes

Stoop
  • No

Breezeway
  • No

Construction Details

Number of Stories
  • 1

Style
  • Ranch

Exterior
  • Aluminum/vinyl

Foundation
  • N/A

Roof
  • N/A

Roofing Material
  • N/A

Tax History

Year

Amount

Land

Improvement

Percent Change

Assessment

2019

$1,263

$4,676

$11,379

--%

$16,055

2018

$1,247

$4,676

$11,379

--%

$16,055

2017

$1,246

$4,676

$11,379

--%

$16,055

2016

$1,457

$4,676

$13,993

--%

$18,669

2015

$1,456

$4,676

$13,993

--%

$18,669

2013

$1,494

$4,676

$15,089

--%

$19,765

2012

$1,606

$4,676

$15,089

--%

$19,765

percent-home-icon

Average Home Price in 44306

Nearby Properties

Zip Code

Price

Bed

Bath

Sqft

Lot

Sold Date

$62,246

2 Beds

1 Baths

825 Sqft

5,900 Lot (sqft)

Sold 10/24/2026

$70,206

2 Beds

1 Baths

750 Sqft

4,950 Lot (sqft)

Sold 09/05/2026

$61,191

3 Beds

1 Baths

720 Sqft

6,545 Lot (sqft)

Sold 08/14/2026

$105,996

2 Beds

1 Baths

783 Sqft

9,600 Lot (sqft)

Sold 07/22/2026

$79,900

2 Beds

1 Baths

720 Sqft

5,661 Lot (sqft)

Sold 07/21/2026

$89,869

1 Beds

1 Baths

720 Sqft

5,600 Lot (sqft)

Sold 06/26/2026

$100,005

2 Beds

1 Baths

720 Sqft

4,860 Lot (sqft)

Sold 06/03/2026

$129,000

3 Beds

1 Baths

800 Sqft

6,077 Lot (sqft)

Sold 10/13/2026

$108,520

3 Beds

2 Baths

720 Sqft

5,650 Lot (sqft)

Sold 10/26/2026

percent-home-icon

Calculators

Mortgage

Mortgage Calculator

Calculate your monthly mortgage payments.
Household Income
70,000
$
Home price
103,700
$
Down payment
20,740
$
Mortgage Rate
6.5
%
Loan Term
Property Tax Rate
1.1
%
Homeowner's Insurance (Annual)
622.2
$
HOA (Monthly)
0
$
PMI
0
$
$671
Your Payment
Total Monthly Payment:$671
Percent of Income:12%
Affordable:Yes

Details for 650 REED AVE

Property Debt

Foreclosure Contact Details