Affordable Investment Opportunity: Handyman Special in Newton Falls, Ohio
Located at 628 Saint Clair Avenue, Newton Falls, OH 44444, this property represents an exceptional opportunity for investors looking to expand their portfolio at an extremely accessible price point.
Listed for just $15,000 (cash only), this three-bedroom, two full-bath home is a classic handyman special with strong potential for value-add renovation, rental income, or resale.
In a market where affordable entry points are becoming increasingly rare, this property stands out as a low-cost investment option ideal for experienced investors, contractors, or buyers comfortable with rehabilitation projects.
Property Overview
This single-family home offers a practical layout with three bedrooms and two full bathrooms, making it well-suited for future tenants or resale buyers once renovations are complete. One of the full bathrooms is conveniently located on the main level, a feature that enhances functionality and appeal for a wide range of occupants.
Key property highlights include:
Bedrooms: 3
Bathrooms: 2 full
Main-Level Bathroom: Yes
Parking: Driveway
Sale Type: Cash only
Financing: No financing will be considered
The home requires updates and repairs, which is fully reflected in the asking price. For investors who understand renovation costs and market potential, this property offers a clear path to equity creation.
A True Handyman Special with Upside
This home is being marketed specifically to investors and buyers seeking a fix-and-flip or buy-and-hold opportunity. While the property is not move-in ready, its structure, size, and layout provide a solid foundation for improvement.
With the right renovations—such as updated kitchens and bathrooms, flooring replacement, mechanical updates, and cosmetic improvements—this home could be transformed into a desirable rental or resale property. The presence of two full bathrooms is particularly valuable, as it increases rental appeal and can justify higher rents compared to similar homes with only one bathroom.
Ideal Layout for Rental or Resale
The three-bedroom configuration is one of the most in-demand layouts for both renters and buyers. Families, roommates, and long-term tenants consistently seek properties with multiple bedrooms and functional living spaces.
The inclusion of a main-level bathroom improves accessibility and usability, making the home more attractive to tenants of varying ages and needs. Once renovated, the property could serve as:
A long-term rental generating steady monthly income
A flip project for resale at a significantly higher price point
A rent-ready portfolio addition with minimal acquisition cost
The driveway parking adds convenience and practicality, an important factor for tenants and buyers alike.
Investor-Friendly Pricing and Terms
At $15,000, this property offers one of the lowest entry points available for residential real estate investment. The cash-only sale and refusal of financing indicate a straightforward transaction designed for experienced buyers who can move quickly.
This pricing structure allows investors to allocate capital toward renovations while still maintaining a favorable all-in cost. For those focused on maximizing return on investment, this deal presents a strong opportunity to control acquisition expenses while building equity through improvements.
Location and Market Potential
Newton Falls is part of the greater Warren area, a region known for its affordable housing stock and strong demand for rental properties. Investors often target this market due to:
Consistent rental demand
Lower acquisition costs
Opportunities for value-add renovations
Favorable rent-to-price ratios
Properties in this area can perform well as long-term rentals when properly renovated and managed. With the right upgrades, this home could attract stable tenants seeking affordable housing with multiple bedrooms and modernized interiors.
Renovation Strategy and Vision
Successful investors will recognize the opportunity to reposition this property through strategic updates. Potential renovation improvements may include:
Cosmetic upgrades such as paint, flooring, and fixtures
Kitchen and bathroom modernization
Electrical and plumbing updates if needed
Exterior curb appeal enhancements
Energy-efficiency improvements
Because the purchase price is so low, investors have flexibility to tailor renovations to their preferred exit strategy while still maintaining strong margins.
Perfect for Portfolio Expansion
This property is especially well-suited for investors looking to:
Add a low-cost rental to an existing portfolio
Test a new market with minimal financial risk
Complete a first flip or rehab project
Increase cash flow through affordable housing investments
With proper planning and execution, the home could generate long-term income or provide a profitable resale opportunity.
Why Act Quickly
Properties at this price point do not stay on the market long, especially when they offer multiple bedrooms and bathrooms. Investor demand for affordable fixer-uppers remains strong, and competition can be fierce for cash-only deals with clear upside.
The seller is explicitly calling on investors and motivated buyers to act quickly. Delays may result in missed opportunity, particularly as inventory in this price range continues to shrink.
Final Thoughts
628 Saint Clair Avenue is a straightforward, no-nonsense investment opportunity for buyers who understand the value of sweat equity and strategic renovation. With three bedrooms, two full bathrooms, driveway parking, and an ultra-low purchase price, this home provides a solid foundation for profit.
While it does require work, the upside is clear. Whether your goal is to flip, rent, or hold long-term, this handyman special has the potential to become a strong performer in your real estate portfolio.
FROM ZILLOW