Student Apartment Building Near
For Sale
$550,000
642 E Summit Street, Kent, OH 44240
CommercialSale, Kent, OH
Property SizeContact for details
Lot Size0.21 Acres
Days on Market24
Property Features for 642 E Summit Street
General Information
Property type
Commercial Sale
Property subtype
Apartment
Rooms
Basement
Parking features
Off Street, Driveway, Parking Lot
Elementary school district
Kent CSD - 6705
Middle school district
Kent CSD - 6705
High school district
Kent CSD - 6705
Directions
From I-77 S: Take exit 33 onto SR-43 toward Kent, and turn left. Turn right onto E Summit St.
Standard status
Active
APN
17-013-10-00-115-000
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3952
HOA Fee
$1,800 Annually
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1910
Floors in Building
3
Number of units
8
Roof type
Asphalt, Fiberglass
Listing Agency:
Keller Williams Chervenic Rlty · Keller Williams Realty
(330) 836-4300
Listed By:
Aimee Neiman · License #2020001502
(330) 620-1123
Added: Aug 7
Changed: Aug 30
Last Checked: Aug 30 at 5:06PM
MLS# 5234795
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This apartment property is configured with 8 private bedrooms or rentable spaces, with residents sharing the living room, kitchen, and bathrooms. A basement apartment is included, and the property has operated as a student rental since before 1978. Five rooms are occupied, while three are being marketed for the 2026–2027 school year.
The property is located near Kent State University in Kent, Ohio, at 642 E Summit Street. Off-street parking is provided through front and rear parking areas with capacity for 14 vehicles. The 0.21-acre property was built in 1910 and is served by public water and public sewer. Heating is provided by forced air and natural gas, with central air conditioning.
The property is located near Kent State University in Kent, Ohio, at 642 E Summit Street. Off-street parking is provided through front and rear parking areas with capacity for 14 vehicles. The 0.21-acre property was built in 1910 and is served by public water and public sewer. Heating is provided by forced air and natural gas, with central air conditioning.
Key Highlights
- 8 private bedrooms or rentable spaces with shared living, kitchen, and bathroom areas
- Basement apartment included in the property configuration
- Licensed by the City of Kent for up to 10 occupants
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,017
Businesses Nearby
Explore this area
Business Placement
Demographics for 44240, OH
38,354
Population
20,228
Households
1.9
Avg Household Size
32
Median Age
44%
College-Educated
96%
High-School Grad
39.7 sq mi
ZIP Area
966
Density / Sq Mi
$57,415
Median Household Income
$31,613
Median Earnings
$989
Median Rent
$216,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Room-by-room accommodations include shared living, kitchen, and bathroom areas.
Where is this apartment building located?
The property is located at 642 E Summit Street Kent, OH.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 8 private bedrooms or rentable spaces with shared living, kitchen, and bathroom areas; Basement apartment included in the property configuration; Licensed by the City of Kent for up to 10 occupants
