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    751-761 Waterloo Rd Akron, OH 44306

    For Sale
    $999,000

    18-Unit Apartment Complex, High Potential

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional investment opportunity presents a well-maintained 18-unit multifamily property situated on a substantial 2.03-acre lot in Akron, Ohio. The property comprises two buildings: a 10-unit building featuring one-bedroom apartments, each equipped with air conditioning, and an adjacent 8-unit building, including two two-bedroom units. Ample parking is available for residents across both buildings. The strategic location offers convenient access to I-77, a variety of shopping options, Akron University, Canton, and public transportation, ensuring high occupancy rates and strong rental demand. Detailed rent rolls are available upon request, providing a clear picture of current income generation. A significant advantage lies in the approximately 375 feet of undeveloped land at the rear of the property, presenting a compelling opportunity for expansion. This unused space, combined with the existing lot dimensions of approximately 160x375 feet, allows for the potential development of additional units or storage facilities, subject to necessary city approvals and variances. This property offers a rare combination of immediate income generation and significant future development potential, making it an ideal investment for discerning buyers seeking strong returns in a desirable location. Contact us today to schedule a viewing and explore the possibilities.

    Property Features for 751-761 Waterloo Rd

    General Information

    Property type
    Residential income properties
    Lot Size
    88,427 SF

    Building Details

    Year Built
    1970
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Akron
    County
    Summit
    State
    Ohio
    Longitude
    -81.50017
    Latitude
    41.02977

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    FAQs

    What type of property is this?
    Residential income property - 18-Unit Apartment Complex, High Potential
    Where is this residential income property located?
    The property is located at 751-761 Waterloo Rd Akron, OH.
    What is the asking price?
    The asking price for this property is $999,000.
    (330) 236-5100
    Request Owner's contact information
    751-761 Waterloo Rd Akron, OH 44306
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    Akron, OH 44306
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    751-761 Waterloo Rd Akron, OH 44306
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