525 Reed AvenueAkron, OH 44301

525 Reed AvenueAkron, OH 44301

1/36 Virtual Tour Fullscreen
$129,000 Active
Residential - Single Family MLS 5255815 New to the Market
4 beds 2 full baths 1,734 sqft

Listed By

Agency Name: RE/MAX Edge Realty
Agency Contact: BryanTomasekRealtor@gmail.com, 330-809-9874

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575

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Property Description

Homeowners looking to create your own vision? or excellent Investor Opportunity in Firestone Park! Spacious 4-bedroom, 2-bath home offering 1,472 sq. ft. plus an additional 262 finished sq. ft. in the basement. This property presents an excellent opportunity to add value without taking on a major structural renovation. Most of the work needed consists of cosmetic updates, along with minor repairs such as finishing some drywall, updating bathroom fixtures, and potentially completing a partial kitchen remodel to maximize the home's appeal. The home currently features laminate flooring throughout much of the living space, which can be removed quickly and cost-effectively, allowing buyers to move efficiently into their preferred flooring installation with minimal demolition, labor, and disposal costs. Several major improvements have already been completed, including a furnace installed in 2021, central air conditioning less than 5 years old, and a roof estimated to be less than 10 years old, helping reduce upfront renovation expenses. Situated on a large corner lot in desirable Firestone Park, the location offers convenient access to I-77, shopping, dining, and everyday conveniences. Nearby amenities include Garfield Community Learning Center, Voris Community Learning Center, Firestone Park Library, grocery stores, and shopping plazas with restaurants, making this an attractive location for future homeowners and tenants alike. Adding to its investment appeal, the home was previously utilized as a multi-family property and features two separate entrances, creating potential opportunities for future income-producing use, multi-generational living, or a possible duplex conversion (buyer to verify zoning and permitted uses). Ideal for investors, flippers, landlords, or owner-occupants looking to build equity and add value. Bring your vision and unlock the potential this property has to offer!

525 Reed Avenue | MLS# 5255815

This single family home located at 525 Reed Avenue, Akron, OH 44301 is currently listed for sale with an asking price of $129,000. This property was built in 1928 and has 4 bedrooms and 2 full baths with 1734 sq. ft. Reed Avenue is located in the Firestone Park subdivision within the Akron City school district. Search Firestone Park real estate on 1214lakeshoredriveunitc.cutlerhomes.com today.

Property Features

Property Type: Residential - Single Family
Basement: Yes
Basement: Partially Finished, Walk-Up Access
Cooling: Central Air
Days on Market: 1
Fireplaces: 1
Garage: 2
Heating: Gas
Home Style: Cape Cod
Lot Size: 0.17 Acres
Roof Type: Asphalt
Taxes: $2,003 / year
Year Built: 1928

Amenities

Jetted Tub

Feature Descriptions

Exterior: Aluminum Siding
Laundry: In Basement
Lot: Corner Lot
Parcel#: 6841022
Parking: Detached, Garage
Patio/Porch: Deck
Sewer: Public Sewer
Water: Public

Local Schools

School District: Akron City

Source: Delta Media Group, Inc.

Demographics

Summit County Demographic Information for 525 Reed Avenue, Akron, OH 44301
Fips
Fips Code 39153
Population
2020 to 2025 Change down 0.4%
2010 Count 541,781
2020 Count 540,428
2025 Estimate (V2025) 538,376
2020 Estimate (V2025) 540,429
Age Distribution (Years Old)
0 to 4 5.2%
5 to 17 20.4%
18 to 64 54.2%
65 and Older 20.2%
Gender
Male 48.7%
Female 51.3%
Place of Birth
Foreign 6.0%
US 94.0%
Education
High School Graduate, Age 25+ 92.8%
Bachelor's Degree or Higher, Age 25+ 35.8%
Computer and Internet use
Households with a computer 95.4%
Households with a broadband Internet subscription 91.6%
Language
English is Second Language, Age 5+ 7.3%
English is First Language, Age 5+ 92.7%
Veterans
Veterans 25,976
Income
Per Capita Income $43,061
Median Household Income $71,622
People in Poverty 13.3%
Commute
Average Work Commute Time 24 minutes
Housing
Total Housing Units 247,173
Households 231,267
Average Household Size 2.29
Owner-Occupied 67.5%
Multi-Family 22.4%
Owner-Occupied Median Value $208,700
Median selected monthly owner costs -with a mortgage $1,470
Median selected monthly owner costs -without a mortgage $599
Median gross rent $1,026
Building Permits
New Private Housing Issued 2024 1,082
Years at Residence
1 Year or More 88.9%
Less Than 1 Year 11.1%
Business and Employment
Private non-farm Establishments 13,309
Private non-farm Employment 249,827
Private non-farm Employment Growth down 0.8%
Nonemployer Establishments 43,820
Number of Firms 9,566
Business Production
Value of Shipments $9,410,730,000
Wholesale Trade $9,120,214,000
Retail Trade $8,582,177,000
Retail Sales Per Capita $15,606
Accommodation and Food Services $1,190,062,000
Land
Land Area 412.75 sq. miles
Population Per Square Mile 1,313

Source: US Census Bureau

Estimate Your Payment

Estimated Payment

$ 931.08 per month $726.54 Principal & Interest $166.92 Property Tax $37.63 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)
Croos Country Mortgage