12-Unit Apartment
For Sale
Contact for pricing
1247 W Waterloo Rd, Akron, OH 44314
Two six-unit apartment buildings offer 12 two-bedroom, one-bath suites with current 100% occupancy.
Property SizeContact for details
Days on Market119
Property Features for 1247 W Waterloo Rd
General Information
Standard status
Active
Property subtype
Multifamily
Listing Agency:
Green Bridge Real Estate
Listed By:
Jason Griffith · License #OH
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 20 at 6:58PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Green Bridge Real Estate
Investment Insights
Based on property information with market context.
This for-sale 12-unit apartment package includes two separate six-unit buildings: the Waterloo Apartments. The property features twelve two-bedroom, one-bath suites. Building exteriors are brick on 1247 W Waterloo Rd and siding on 1211 W Waterloo Rd, with each building listed at approximately 4,300 square feet of multifamily space. The buildings were constructed in 1966 and 1968, and newer windows were installed across the buildings.
The complex is carried on two separate 0.296-acre parcels. Current operating performance shows 12 occupied units and 100% occupancy, with current gross annual rental income of $87,120 and current net annual income of $61,021. The listing also reports a current capitalization rate based on the $598,000 sales price of 10.19%.
Each unit mix is described as two-bedroom, one-bath apartments, and the package includes both buildings within the offering.
The complex is carried on two separate 0.296-acre parcels. Current operating performance shows 12 occupied units and 100% occupancy, with current gross annual rental income of $87,120 and current net annual income of $61,021. The listing also reports a current capitalization rate based on the $598,000 sales price of 10.19%.
Each unit mix is described as two-bedroom, one-bath apartments, and the package includes both buildings within the offering.
Key Highlights
- 12‑unit apartment package: two 6‑unit buildings (Waterloo Apartments) at 1211 & 1247 W Waterloo Rd, Akron, OH 44314
- All 12 units are currently occupied with 100.0% occupancy; 12 two‑bedroom, one‑bath suites
- Current gross annual rental income is $87,120 and current net annual income is $61,021
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
195
Businesses Nearby
Explore this area
Business Placement
Demographics for 44314, OH
17,686
Population
9,085
Households
1.9
Avg Household Size
39
Median Age
12%
College-Educated
87%
High-School Grad
4.4 sq mi
ZIP Area
4,020
Density / Sq Mi
$47,358
Median Household Income
$31,481
Median Earnings
$924
Median Rent
$83,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Two six-unit apartment buildings offer 12 two-bedroom, one-bath suites with current 100% occupancy.
Where is this apartment building located?
The property is located at 1247 W Waterloo Rd Akron, OH.
What are key features of this property?
This property features: 12‑unit apartment package: two 6‑unit buildings (Waterloo Apartments) at 1211 & 1247 W Waterloo Rd, Akron, OH 44314; All 12 units are currently occupied with 100.0% occupancy; 12 two‑bedroom, one‑bath suites; Current gross annual rental income is $87,120 and current net annual income is $61,021
