Backup offers
$1,246 Closing Credit¹
Ivan S Plesich, Listing Office: Waypoint Real Estate Group, LLC
$1,008
closing credit¹
487 Palmetto Ave Akron, OH 44301
$84,900 List price
$1,008
Closing credit¹
3 beds
1 full
1,439 sqft
0.1 acres
$59 / sqft
House
Property details
About 487 Palmetto Ave
Prime Investment Opportunity in Firestone Park! This 3-bedroom, 1-bath Colonial offers excellent cash flow potential, currently occupied by a long-term tenant since 2015. The tenant's rent is fully covered by AMHA at $1,300 per month, ensuring steady income. The property has added flexibility with a finished third-floor attic, featuring a tandem room setup that could be used as two additional bedrooms—offering the possibility of a 5-bedroom layout. The tenant provides their own appliances (except for the dishwasher) and is responsible for electric and gas. Landlord pays water, sewer, and trash. Glass Block windows in basement. New roof 2021. While the property requires some TLC, its strong rental history and earning potential make it a promising addition to your investment portfolio.
Highlights
Home typeSingle Family Residence
HeatingForced Air, Natural Gas
StatusAccepting Backup Offers
(Contingent)
(Contingent)
Size1,439 sqft
BasementYes
Lot size0.1074 Acres
Year built1919
ParkingDriveway, No Garage, Paved
MLS #5093702
Summary
- MLS Number: 5093702
- MLS Name: NOWDD
- Office Name: Keller Williams Chervenic Rlty
- Office Phone: (330) 800-4255
- Office Email: darlenehall@kw.com
- Listing Agent: Darlene Hall
Copyright 2025 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/30/2025, 1:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$84,900
487 Palmetto Ave
$1,008
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Oct 04, 2023 | Home Sold | $61,000 |
| Dec 03, 2010 | Home Sold | $28,500 |
| Aug 19, 2010 | Home Sold | $20,500 |
| Apr 22, 2005 | Home Sold | $95,000 |
| Sep 01, 2004 | Home Sold | $58,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $34,220 | $1,919 |
| 2022 | $24,800 | $1,778 |
| 2021 | $24,800 | $1,780 |
| 2020 | $24,800 | $1,326 |
| 2019 | $17,392 | $1,326 |
| 2018 | $17,392 | $1,308 |
| 2017 | $17,392 | $1,307 |
History based on county public records data.
Nearby schools
4
Firestone Park Elementary School
Public District KG-5
0.4 mi
•1479 Girard St
2
Eagle Elementary of Akron
Public Charter KG-5
0.7 mi
•1338 Virginia Ave
5
Voris Community Learning Center
Public District KG-5
0.7 mi
•1885 Glenmount 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 $65,257. Most Akron, OH residents have annual incomes between $35k-100k. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
26%
<35k
66%
35k-100k
9%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
51%
Single, No Kids
11%
Single, with Kids
22%
Married, No Kids
16%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
14%
<11 yrs old
8%
12-17 yrs old
30%
18-34 yrs old
33%
35-64 yrs old
15%
65+ yrs old
What do the neighbors do for fun?
College Basketball
Horse Races
Mexican League Soccer
Where do the neighbors shop?
Dillards
Stein Mart
Books-a-Million
Where do the neighbors go to eat?
Logan's Roadhouse
LongHorn Steakhouse
Church's Chicken
What do the neighbors drive?
Hyundai
Buick
Toyota
What do the neighbors listen to?
Rock
Contemporary Inspirational
Adult Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 487 Palmetto Ave
This home is located at 487 Palmetto Ave in Akron, OH and zip code 44301 in the Firestone Park neighborhood. This 1,439 square foot home, which was built in 1919, sits on a 0.11 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since January 11, 2025 and is currently priced at $84,900.
Over 47 listings were sold over their listed price in December 2024 in Akron, OH. In the same period over 123 listings were sold below the listed price and 33 listings were sold for the listed price. The inventory of homes for sale in Akron, OH between November and December 2024 decreased by 9.5%. In December 2024 median list price was $145,000 and the average listing age was 35 days.
From Rocket Homes Real Estate and based on county public records data.