$324,000
Under contractAbout this home
Great Investment Opportunity in Cuyahoga Falls! This well-maintained triplex offers an excellent opportunity for investors or owner-occupants looking to generate rental income. The spacious main-floor unit features 4 bedrooms and 2 bathrooms and has been remodeled and updated, including a beautiful kitchen with granite countertops, new flooring, and all new appliances. The property consists of three separate units, providing multiple income streams. Two of the units have established rental histories, with one tenant in place for approximately 12 years and the back house tenant for approximately 7 years. Current rents include $975/month for the back house and $550/month for the upstairs unit. With a remodeled 4-bedroom unit, long-term rental history, multiple units, and recent improvements, 550 Magnolia offers a great opportunity to add a solid income-producing property to your investment portfolio. Agent related to seller.
Property details
- MLS
- NOWDD
- MLS #
- 5245660
- Property type
- Triplex
- Subdivision
- Tallmadge 01
- Status
- Under contract
- Days on market
- 20
- On market date
- September 17, 2026
- Stories
- 2
- Total bathrooms
- 4
- Garage spaces
- 1
- Parking spaces
- N/A
- Lot size
- 0.4458 acres
Location
Get directions →Nearby schools
Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.
- Enrollment
- 254
- Student:teacher ratio
- 13.4:1
- District
- Cuyahoga Falls City
- Enrollment
- 738
- Student:teacher ratio
- 15.4:1
- District
- Akron City
- Enrollment
- 140
- Student:teacher ratio
- 15.6:1
- District
- Steel Academy
Walkability
Blended score for Cuyahoga Falls's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).
Market position
How this listing compares to current activity in Cuyahoga Falls, from live MLS data.
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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.