Home for Sale at 534 Thelma Avenue in Akron, OH for $84,000

Listing data last changed 09/09/2025 - 4:31pm
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534 Thelma Avenue | Akron

$84,000 | 2 Beds | 1 Baths (1 Full) | 2,760 Sq. Ft.

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 \u2013 Parcel #6854800; 1725 Manchester Rd., Akron, OH 44314 \u2013 Parcel #6759324; 213 Hermann St., Barberton, OH 44203 \u2013 Parcel #0106466; 2167 East Ave., Akron, OH 44314 \u2013 Parcel #6734163; 2513 Christensen Ave., Akron, OH 44314 \u2013 Parcel #6804010; 530 Thelma Ave., Akron, OH 44314 \u2013 Parcel #6827182; 534 Thelma Ave., Akron, OH 44314 \u2013 Parcel #6706664; 539 Thelma Ave., Akron, OH 44314 \u2013 Parcel #6821068; 543 Thelma Ave., Akron, OH 44314 \u2013 Parcel #6821067; 545 Thelma Ave., Akron, OH 44314 \u2013 Parcel #6814967; 546 Thelma Ave., Akron, OH 44314 \u2013 Parcel #6821066; 601 Glendora Ave., Akron, OH 44320 \u2013 Parcel #6749017; 650 Reed Ave., Akron, OH 44306 \u2013 Parcel #6819023; 694 Virginia Ave., Akron, OH 44306 \u2013 Parcel #6725186; 955 N Firestone Blvd., Akron, OH 44306 \u2013 Parcel #6742296. Financials and rent rolls are available upon request MLSNow 5153938

Directions to property: No showings on occupied units without accepted offers. Do not disturb tenants. Information in listing is not guaranteed, buyer responsible for their own due diligence.

MLS Listing ID: 
MLSNow 5153938
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$84,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Residential
Property Sub Type: 
Single Family Residence
Primary Market Area: 
Akron
Address: 
534 Thelma Avenue, Akron, OH 44314
County: 
Summit
Latitude: 
41.0543841
Longitude: 
-81.5479308
Directions: 
No showings on occupied units without accepted offers. Do not disturb tenants. Information in listing is not guaranteed, buyer responsible for their own due diligence.
Public Remarks: 
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 \u2013 Parcel #6854800; 1725 Manchester Rd., Akron, OH 44314 \u2013 Parcel #6759324; 213 Hermann St., Barberton, OH 44203 \u2013 Parcel #0106466; 2167 East Ave., Akron, OH 44314 \u2013 Parcel #6734163; 2513 Christensen Ave., Akron, OH 44314 \u2013 Parcel #6804010; 530 Thelma Ave., Akron, OH 44314 \u2013 Parcel #6827182; 534 Thelma Ave., Akron, OH 44314 \u2013 Parcel #6706664; 539 Thelma Ave., Akron, OH 44314 \u2013 Parcel #6821068; 543 Thelma Ave., Akron, OH 44314 \u2013 Parcel #6821067; 545 Thelma Ave., Akron, OH 44314 \u2013 Parcel #6814967; 546 Thelma Ave., Akron, OH 44314 \u2013 Parcel #6821066; 601 Glendora Ave., Akron, OH 44320 \u2013 Parcel #6749017; 650 Reed Ave., Akron, OH 44306 \u2013 Parcel #6819023; 694 Virginia Ave., Akron, OH 44306 \u2013 Parcel #6725186; 955 N Firestone Blvd., Akron, OH 44306 \u2013 Parcel #6742296. Financials and rent rolls are available upon request
Community Information
School District: 
Akron CSD - 7701
Subdivision: 
Summit Lake Allotment
Building Details
Details about the building on a property.
Architectural Style: 
Bungalow
Stories: 
2
Year Built: 
1923
Living Area: 
2,760
Basement: 
Finished
Construction
Construction Materials: 
Other
Roof: 
Asphalt
Room Details
Details about the rooms in the building.
Total Rooms: 
5
Total Bedrooms: 
2
Total Bathrooms: 
1
Total Full-Bathrooms: 
1
Total Half-Bathrooms: 
0
Total One-Quarter-Bathrooms: 
0
Total Three-Quarter-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Forced Air
Cooling System: 
None
Water Source: 
Public
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.11
Lot Size (Area): 
0.11
Lot Features
Parking Type: 
Direct Access
Public Record
Parcel Number: 
6706664
Annual Tax: 
$1,410.00
Contract Details
Details about the listing contract.
Possession: 
Negotiable
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
Home Equity Realty Group

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