399 N Thomas Road
Tallmadge, OH 44278
Map
- 5 beds
- 4 baths
- 1,576 sqft
- $130 per sqft
- 1948 build
- – on site
4-unit investment property, gross projected rent over $40,000 in a peaceful, highly sought-after area of Tallmadge. The two home property is situated on 1.6 acres; featuring a 1 bed / 1 bath house and a triplex. At full occupancy, this property is an amazing ash-flowing investment with room to grow. The rental breakdown includes a 1 bed, 1 bath house rented for $625/month; a 2 bed, 1 bath unit in the triplex potential rent at $1200/month; a studio renting for $650/month; and a 1 bed, 1 bath unit that is rented $965. All tenants are on month-to-month leases, allowing flexibility for adjustments or rent increases. With the final unit leased and rents brought up to market value, there’s significant upside potential. The owner self-manages and bills back water, gas, and electric for the house, while covering all utilities for the triplex for tenant convenience. The property has been well maintained, with recent updates including a new water heater installed in 2024, two brand new roofs, and a five-year-old furnace. This is a rare opportunity in a quiet, desirable location with strong projected income and long-term investment potential.
Last checked:
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Checking…
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Last updated Jul 10, 2025
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MLS# 5134444 —
The Building
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Year Built:1948
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Year Built Source:PublicRecords
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Construction Materials:AluminumSiding,Brick
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# of Buildings:2
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Roof:Asphalt,Fiberglass
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Levels:ThreeOrMore
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Basement:PartiallyFinished
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Basement:true
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Above Grade Finished Area:1576.0
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Above Grade Finished Area Source:PublicRecords
Interior
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Rooms Total:10
Room Dimensions
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Living Area:1576.0
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Living Area Units:SquareFeet
Financial & Terms
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Possession:DeliveryOfDeed,Negotiable
Location
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Directions:South of W Howe Rd
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Longitude:-81.46262
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Latitude:41.112662
The Property
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Property Type:ResidentialIncome
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Property Subtype:Quadruplex
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Property Subtype Additional:Quadruplex
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Parcel Number:6005811
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Lot Size Acres:0.9642
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Lot Size Area:0.9642
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Lot Size Units:Acres
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Lot Size Source:Appraiser
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Waterfront:false
Listing Agent
- Contact info:
- Agent phone:
- (330) 541-6918
- Office phone:
- (440) 578-8058
Taxes
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Tax Year:2023
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Tax Legal Description:TR 6 LOT 1 SUB 5 G N SMITH .950A
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Tax Annual Amount:$3,519
Beds
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Bedrooms Total:5
Baths
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Total Baths:4
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Full Baths:4
The Listing
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Listing Terms:Cash,Conventional,Exchange1031
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Home Warranty:false
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Virtual Tour URL Unbranded 3:https://www.propertypanorama.com/399-N-Thomas-Road-Tallmadge-OH-44278--5134444/unbranded
Heating & Cooling
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Heating:ForcedAir,Gas
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Heating:true
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Cooling:WallWindowUnits
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Cooling:true
Utilities
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Sewer:PublicSewer
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Water Source:Public
Appliances
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Appliances:Microwave,Range
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Laundry Features:GasDryerHookup
Schools
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Elementary School District:Tallmadge CSD - 7715
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Middle School District:Tallmadge CSD - 7715
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High School District:Tallmadge CSD - 7715
The Community
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Pool Private:false
Parking
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Parking Features:AdditionalParking,Driveway,ParkingLot
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Garage:false
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Attached Garage:false
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Carport:false
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
7/9/25
Jul 9, 2025
|
Listed / Active | MLS_NOW | $205,000 | |
|
1/20/25
Jan 20, 2025
|
Relisted | MLS_NOW | ||
|
1/8/25
Jan 8, 2025
|
Pending | MLS_NOW |
