399 N Thomas Rd Tallmadge, OH 44278
Property details
About 399 N Thomas Rd
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.
Highlights
Summary
- Full Bathrooms: 4
- Appliances: Microwave, Range
- Basement: Yes
- Total Bedroom Count: 5
- Attached Garage: No
- Private Pool: No
- Parking: Additional Parking, Driveway, Parking Lot
- Heating: Forced Air, Natural Gas
- Cooling: Wall/Window Unit(s)
- List Price: $205,000
- Price/SqFt: $130
- Annual Tax Amount: $3,368
- Tax Year: 2023
- Directions: South of W Howe Rd
- Year Built: 1948
- Living Area: 1,576 SqFt
- Lot Size: 0.9642 Acres
- MLS Number: 5134444
- MLS Name: NOWDD
- Office Name: HomeSmart Real Estate Momentum LLC
- Office Phone: (330) 541-6918
- Office Email: austinassad1@gmail.com
- Listing Agent: Austin Assad
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Last updated on: 8/1/2025, 5:15:31 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Nov 17, 2023 | Home Sold | $162,000 |
| Dec 18, 1997 | Home Sold | $55,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $66,040 | $3,368 |
| 2022 | $49,660 | $3,098 |
| 2021 | $49,660 | $3,112 |
| 2020 | $49,660 | $2,511 |
| 2019 | $36,110 | $2,511 |
| 2018 | $36,110 | $2,219 |
| 2017 | $36,110 | $2,230 |
History based on county public records data.
Nearby schools
6
Preston Elementary School
Public District KG-5
1.0 mi
•800 Tallmadge Rd
6
Elizabeth Price Elementary School
Public District KG-5
1.6 mi
•2610 Delmore St
4
Harris-Jackson Community Learning Center
Public District KG-5
1.8 mi
•1085 Clifton Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $51,734. Typical income of Tallmadge, OH residents is between $35k-100k annually. The majority of families are single, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
PGA/LPGA
Hiking/backpacking
Pro Wrestling
Where do the neighbors shop?
Stein Mart
Nordstrom Rack
Burlington
Where do the neighbors go to eat?
Bonefish Grill
Chipotle
Cicis Pizza
What do the neighbors drive?
Lincoln
Mazda
Pontiac
What do the neighbors listen to?
Classical
Rock
Urban Contemporary
Frequently asked questions
About 399 N Thomas Rd
The listing price of 399 N Thomas Rd property is $205,000.
The property 399 N Thomas Rd is a multi located in Tallmadge, Ohio, 44278.
Active Listing: 399 N Thomas Rd is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 399 N Thomas Rd are: Preston Elementary School (GreatSchools Rating 6/10), Elizabeth Price Elementary School (GreatSchools Rating 6/10), Harris-Jackson Community Learning Center (GreatSchools Rating 4/10), Tallmadge Middle School (GreatSchools Rating 7/10), Jennings Community Learning Center (GreatSchools Rating 4/10), Bolich Middle School (GreatSchools Rating 4/10), Cascade Career Preparatory High School (GreatSchools Rating 2/10), North High School (GreatSchools Rating 4/10), Cuyahoga Falls High School (GreatSchools Rating 3/10).
According to the records, the last property tax for 2023 is $3,368 (source: MLS/based on county public records data).
The last sale was on November 17, 2023 for $162,000 (source: MLS/tax record).
The property 399 N Thomas Rd is 1,576 SqFt (source: MLS/tax record).
The year of construction for 399 N Thomas Rd is 1948.
This home is located at 399 N Thomas Rd in Tallmadge, OH and zip code 44278. This 1,576 square foot home, which was built in 1948, sits on a 0.96 acre lot. Features: 5 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since July 10, 2025 and is currently priced at $205,000.
While more than 9 listings in Tallmadge, OH in July 2025 were sold above asking price, there were more than 7 listings sold at asking price, and more than 11 were sold below. Between June and July 2025, Tallmadge, OH real estate market has seen increase in the number of listings by 2.5%. The median list price of listings available in July 2025 was $280,000, while the average time on the real estate market was 25 days.