201-203 S Prospect Street
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10 photos

$214,900

201-203 S Prospect Street
Kent, OH 44240
Listed by Jodi L Mignano · Keller Williams Chervenic Rlty
Bedrooms
4
Bathrooms
2
Living area
1,728 sqft
Year built
1920

About this home

*Do NOT disturb tenants or walk property without a confirmed appointment!* Turn-Key Duplex Investment in the Heart of Kent! Don't miss this outstanding opportunity to own a well-maintained side-by-side duplex on a quiet residential street, just minutes from downtown Kent and Kent State University. Each spacious unit features 2 bedrooms, 1 full bath. Tenants enjoy a comfortable living area on the main level, and private bedrooms and bath upstairs. Outside, tenants will appreciate the detached garage along with a second outbuilding, offering additional storage and functionality rarely found in comparable properties. Currently leased thru 7/31/2027, tenants paying $1,100/mth and $975/mth, the property generates immediate rental income while providing the flexibility to adjust rents up or explore future occupancy options. Newer furnaces in both units. Some newer windows too. Tenants pay all utilities. Located just minutes from Kent State University, downtown Kent's restaurants, shopping, entertainment, and year-round community events, this property offers the perfect combination of convenience, strong rental demand, and long-term appreciation potential. Whether you're a seasoned investor expanding your portfolio or purchasing your first income-producing property, this turn-key duplex is a smart investment with immediate cash flow. Looking for more investment opportunities? The seller is offering multiple income-producing properties in Stow, Kent, Canton, and Akron. Contact me for additional information on this unique investment portfolio and available package opportunities.

Highlights

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Property details

MLS #
5226426
Property type
Duplex
Subdivision
Kent
Status
Active
Days on market
17
On market date
N/A
Stories
2
Garage spaces
2
Lot size
0.2204 acres
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Davey Elementary School
0.37 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
2.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
450
Student:teacher ratio
20.5:1
District
Kent City
Middle
Stanton Middle School
1.18 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
659
Student:teacher ratio
14.6:1
District
Kent City
High
Theodore Roosevelt High School
1.29 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,267
Student:teacher ratio
17.4:1
District
Kent City

Mortgage calculator

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Est. monthly payment
$1,444/mo
$42,980 down
$171,920 loan
Principal & interest$1,115
Property tax (est.)$179
Home insurance (est.)$150

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Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated 21 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.