Brick 11-Unit Apartment
For Sale
Contact for pricing
110 E Spruce Ave, Ravenna, OH 44266
Brick multifamily property with 11 one-bedroom units, newer windows, and a newer roof.
Property Size9,566 SF
Lot Size0.19 Acres
Days on Market119
Property Features for 110 E Spruce Ave
General Information
Standard status
Active
Size
9,566 SF
Lot size
0.19 Acres
Property subtype
Multifamily
Occupancy
100%
Financials
Cap Rate
10.23%
Business Included
Yes
Additional Details
Multifamily Units
11
Building Details
Year Built
1930
Tenancy
Multi
Listing Agency:
Green Bridge Real Estate
Listed By:
Jason Griffith · License #OH
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 21 at 12:13AM
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.
The Spruce Apartments is an 11-unit apartment complex offering 11 one-bedroom, one-bathroom suites in a brick multifamily building. The property was built in 1930 and is presented as turn-key, with newer windows throughout the building, a newer roof, and newer hot water tanks. A camera system is also in place.
The building is located at 110 E Spruce Ave in Ravenna, positioned in downtown Ravenna and described as the seat for Portage County in the offering materials.
The property is currently 100.0% occupied, with all 11 units occupied. Current gross annual rental income is $78,540, and current net annual income is $51,051, with the offering materials also providing pro-forma figures at 100% occupancy.
The building is located at 110 E Spruce Ave in Ravenna, positioned in downtown Ravenna and described as the seat for Portage County in the offering materials.
The property is currently 100.0% occupied, with all 11 units occupied. Current gross annual rental income is $78,540, and current net annual income is $51,051, with the offering materials also providing pro-forma figures at 100% occupancy.
Key Highlights
- 11‑unit apartment complex at 110 E Spruce Ave, Ravenna, OH, all currently occupied (100% occupancy).
- Unit mix: 11 one‑bedroom, one‑bath suites in a brick multifamily building totaling approx. 9,566 SF.
- Built in 1930, sitting on a 0.19‑acre parcel.
Property Analytics
Current Use
Lease Details
11
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
370
Businesses Nearby
Explore this area
Business Placement
Demographics for 44266, OH
32,606
Population
15,036
Households
2.2
Avg Household Size
43
Median Age
21%
College-Educated
92%
High-School Grad
91.9 sq mi
ZIP Area
355
Density / Sq Mi
$61,211
Median Household Income
$40,068
Median Earnings
$904
Median Rent
$159,900
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 - Brick multifamily property with 11 one-bedroom units, newer windows, and a newer roof.
Where is this apartment building located?
The property is located at 110 E Spruce Ave Ravenna, OH.
What are key features of this property?
This property features: 11‑unit apartment complex at 110 E Spruce Ave, Ravenna, OH, all currently occupied (100% occupancy).; Unit mix: 11 one‑bedroom, one‑bath suites in a brick multifamily building totaling approx. 9,566 SF.; Built in 1930, sitting on a 0.19‑acre parcel.
