60-Unit Multifamily Apartment
For Sale
Contact for pricing
Pending
430 Sumner 389-417 Sherman 530 Kling 389 Cross, Akron, OH 44311
Stabilized 60-unit Akron apartment portfolio across six buildings with professional management and partial interior updates.
Property SizeContact for details
Days on Market130
Property Features for 430 Sumner 389-417 Sherman 530 Kling 389 Cross
General Information
Standard status
Pending
Property subtype
Multifamily
Occupancy
95%
Additional Details
Business Included
Yes
Multifamily Units
60
Listing Agency:
Hayes Realty
Listed By:
Brad Hayes · License #OH 2013000174
Source:
Crexi
Added: Apr 11
Changed: Aug 14
Last Checked: Aug 13 at 1:21PM
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 Hayes Realty
Investment Insights
Based on property information with market context.
This offering is a stabilized 60-unit apartment portfolio in Akron, consisting of six separate buildings. The property is currently managed by professional property management and is reported to be 95% occupied. Some units have been updated with LVP flooring and new fixtures, and two of the six buildings have brand new roofs. The current operation includes an aggressive renewal and rent increase strategy, with tenant mix described as having shifted from primarily students to market-rate tenants.
The portfolio is described as being close to multiple shopping centers and parks, with walking distance to Akron University. East freeway access is also noted as a factor in tenant appeal.
Please contact the broker for additional details on the portfolio’s current operations and unit configuration.
The portfolio is described as being close to multiple shopping centers and parks, with walking distance to Akron University. East freeway access is also noted as a factor in tenant appeal.
Please contact the broker for additional details on the portfolio’s current operations and unit configuration.
Key Highlights
- 60‑unit Akron apartment portfolio across six buildings with professional property management in place
- Currently 95% occupied with an aggressive renewal/rent increase strategy in place
- Some units updated with LVP floors and new fixtures
Property Analytics
Current Use
Lease Details
60
Residential units
95%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
768
Businesses Nearby
Explore this area
Business Placement
Demographics for 44311, OH
6,993
Population
3,400
Households
2.1
Avg Household Size
28
Median Age
10%
College-Educated
79%
High-School Grad
1.9 sq mi
ZIP Area
3,681
Density / Sq Mi
$23,857
Median Household Income
$14,953
Median Earnings
$790
Median Rent
$64,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Stabilized 60-unit Akron apartment portfolio across six buildings with professional management and partial interior updates.
Where is this apartment building located?
The property is located at 430 Sumner 389-417 Sherman 530 Kling 389 Cross Akron, OH.
What are key features of this property?
This property features: 60‑unit Akron apartment portfolio across six buildings with professional property management in place; Currently 95% occupied with an aggressive renewal/rent increase strategy in place; Some units updated with LVP floors and new fixtures
