628 Lakemont Avenue
Akron, OH 44314

$89,900

Beds: 3
Baths: 1
Sq. Ft.: 1,297
Type: House
Listing #5215968
Excellent opportunity to add a cash-flowing investment property to your portfolio, or the perfect opportunity to make this house your HOME. This 3-bedroom, 1-bath single-family home offers approximately 1,352 square feet of living space and is conveniently located in Akron's Kenmore area. The property is currently occupied by a tenant who has been in place for approximately one year and would love the opportunity to remain after the sale, creating immediate and stable income for the next owner from day one. Current rent is $1,245 per month, offering strong cash-flow potential with additional upside over time. The home is in typical lived-in rental condition and provides investors the opportunity to continue generating income while making cosmetic improvements over time as desired. Features include a spacious layout, full basement, and off-street parking -- all contributing to the property's overall rental appeal and long-term value. Whether you are looking to expand your current portfolio or purchase your first investment property, this home offers stable occupancy, strong rental income, and future upside potential. Seller recently completed an appraisal with the value coming back at $95,000, providing additional confidence in the opportunity here. Great opportunity you do not want to miss -- call today to schedule your private showing!
Property Features
Location Information
County: Summit
Latitude: 41.05952
Longitude: -81.551142
Subdivision: Portage Heights
Directions: West off of Manchester Road
Interior Features
Full Baths: 1
Has Fireplace: Yes
Number of Fireplaces: 1
Heating: Forced Air, Gas
Cooling: None
Laundry: In Basement
Basement Description: Full, Unfinished
Has Basement: Yes
Exterior Features
Style: Colonial
Stories: 2
Construction/Exterior: Vinyl Siding
Possession: Other
Water / Sewer: Public Sewer
Water: Public
Parking Description: Unpaved
Has Garage: No
Lot Size in Acres: 0.11
Dimensions: 40x120
Has Waterfront: No
Additional Information
Roof/Attic: Asphalt, Fiberglass
Property Type: SFR
Property SubType: Single Family Residence
Property SubType 2: Residential
Year Built: 1920
Status: Active


$ per month
Year Fixed. % Interest Rate.
Principal + Interest: $
Monthly Tax: $
Monthly Insurance: $
Term
yrs
Interest Rate
 % 
Down Payment
$
List Price:
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Listing courtesy of RE/MAX Edge Realty 330-475-7777
Logo
© 2026 MLS Now (formerly Yes MLS, NEOHREX, and NORMLS). All rights reserved.
The data relating to the real estate for sale on this website comes in part from the Internet Data Exchange program of NEOHREX. Real estate listings held by brokerage firms other than eXp are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed.
MLS Now (Yes MLS) data last updated at June 5, 2026, 5:29 PM ET