Property Description

Great investment opportunity with immediate cash flow! This spacious tenant-occupied property is currently generating $1,400 per month in rental income, making it a strong addition to any investor's portfolio. Inside, the home offers a large and functional layout with a formal dining room, a comfortable living room featuring a fireplace, and oversized bedrooms that provide plenty of space for tenants. A unique upstairs in-law suite adds flexibility and appeal, while the convenience of a full bathroom on each level enhances livability. Recent updates include new interior paint, a brand new stainless steel refrigerator and stove (2026), and a new hot water tank (2026)?helping reduce immediate maintenance costs. Outside, the property features a 2-car detached garage and additional space that adds to its rental appeal. With strong rental income and solid updates already completed, this property is cash-flowing well for the price and offers a fantastic opportunity for investors looking to expand their portfolio. Don't miss out!

295 Grove Street | MLS# 5191260

This single family home located at 295 Grove Street, Akron, OH 44302 is currently listed for sale with an asking price of $114,900. This property was built in 1917 and has 3 bedrooms and 2 full baths with 1840 sq. ft. Grove Street is located in the Park Estates subdivision within the Akron City school district. Search Park Estates real estate on 762hunterstrail.cutlerhomes.com today.

Property Features

Property Type: Residential - Single Family

Basement: Full, Unfinished

Basement: Yes

Cooling: None

Days on Market: 8

Fireplaces: 1

Garage: 2

Heating: Forced Air, Gas

Home Style: Cape Cod

Lot Size: 0.13 Acres

Roof Type: Asphalt, Fiberglass

Stories: 2.0

Taxes: $2,360 / year

Year Built: 1917

Feature Descriptions

Exterior: Wood Siding

Parcel#: 6811554

Parking: Detached, Garage, Shared Driveway

Sewer: Public Sewer

Water: Public

Local Schools

School District: Akron City

Market Trends

Summit County Residential Market Trend Graphs

Zip Code 44302

Source: Delta Media Group, Inc.

Demographics

Summit County Demographic Information for 295 Grove Street, Akron, OH 44302

Fips

Fips Code 39153

Population

2020 to 2023 Change down 0.9%

2010 Count 541,781

2020 Count 540,428

2023 Estimate (V2023) 535,733

2020 Estimate (V2023) 540,429

Age Distribution (Years Old)

0 to 4 5.2%

5 to 17 20.5%

18 to 64 54.6%

65 and Older 19.7%

Gender

Male 48.8%

Female 51.2%

Place of Birth

Foreign 5.5%

US 94.5%

Education

High School Graduate, Age 25+ 92.5%

Bachelor's Degree or Higher, Age 25+ 34.6%

Computer and Internet use

Households with a computer 93.6%

Households with a broadband Internet subscription 89.4%

Language

English is Second Language, Age 5+ 6.8%

English is First Language, Age 5+ 93.2%

Veterans

Veterans 27,960

Income

Per Capita Income $40,786

Median Household Income $68,360

People in Poverty 12.6%

Commute

Average Work Commute Time 24 minutes

Housing

Total Housing Units 247,173

Households 228,635

Average Household Size 2.32

Owner-Occupied 66.9%

Multi-Family 22.4%

Owner-Occupied Median Value $182,500

Median selected monthly owner costs -with a mortgage $1,405

Median selected monthly owner costs -without a mortgage $562

Median gross rent $956

Building Permits

New Private Housing Issued 2023 685

Years at Residence

1 Year or More 87.9%

Less Than 1 Year 12.1%

Business and Employment

Private non-farm Establishments 13,393

Private non-farm Employment 241,278

Private non-farm Employment Growth down 0.8%

Nonemployer Establishments 42,765

Number of Firms 48,524

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

$ 790.78 per month $560.60 Principal & Interest $196.67 Property Tax $33.51 Homeowner's Insurance

Change Payment Information

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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. Information on this site was last updated 03/16/2026. The listing information on this page last changed on 03/16/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Mon 03/16/2026 12:00:15 AM EST) or Dayton MLS (last updated Sun 03/15/2026 11:46:32 PM EST) or CBRMLS (last updated Sun 03/15/2026 11:59:32 PM EST) or Multiple Listing Service of Greater Cincinnati (last updated Sun 03/15/2026 11:53:37 PM EST) or NKY MLS (last updated Sun 03/15/2026 11:28:23 PM EST) or Wrist MLS (last updated Sun 03/15/2026 11:24:21 PM EST) or Firelands MLS (last updated Sun 03/15/2026 11:12:14 PM EST) or MLS NOW (last updated Sun 03/15/2026 11:57:28 PM EST). Real estate listings held by brokerage firms other than Cutler Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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295 Grove StreetAkron, OH 44302