West Akron Apartment
For Sale
Contact for pricing
1734 Cromwell Dr, Akron, OH 44313
Six three-story brick buildings offer 36,000 SF with 48 units and on-site laundromats in each building.
Property Size36,000 SF
Days on Market142
Property Features for 1734 Cromwell Dr
General Information
Standard status
Active
Size
36,000 SF
Property subtype
Multifamily
Occupancy
98%
Additional Details
Multifamily Units
36
Building Details
Stories
3
Tenancy
Multi
Listing Agency:
Kowit & Company Real Estate Group
(216) 896-5622
Listed By:
Chuck Essreg · License #OH SAL.0000391127
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 21 at 3:20AM
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 Kowit & Company Real Estate Group
Investment Insights
Based on property information with market context.
This multifamily offering consists of six three-story brick apartment buildings totaling 36,000 SF, with 6 apartment units per building. The unit mix includes second- and third-floor homes at 1,000 SF with two bedrooms and two baths, along with a kitchen, dining room, large living room, multiple closets, a balcony, and central air conditioning. Ground-floor units are listed as 800 SF with two bedrooms and one bath, kitchens, numerous closets, balconies, and window air conditioning units.
The property is located in West Akron, Ohio, in close proximity to Summit Mall and Sand Run Metro Park. The ownership notes that 40% of units have been recently remodeled, including bathrooms, kitchen elements, floors, and all mechanicals, and that all roofs and gutters are in good condition. Some covered parking is available, and new laundromats are present in each building to generate additional revenue.
Occupancy is reported at 98% leased, with one additional unit currently being remodeled. Tenant utility responsibility is described as all utilities except water and garbage disposal, while the landlord pays for electricity in common areas and gas for hot water in the ground-floor units. The tenant base is 70% private payment and 30% subsidized by the Akron Housing Authority.
The property is located in West Akron, Ohio, in close proximity to Summit Mall and Sand Run Metro Park. The ownership notes that 40% of units have been recently remodeled, including bathrooms, kitchen elements, floors, and all mechanicals, and that all roofs and gutters are in good condition. Some covered parking is available, and new laundromats are present in each building to generate additional revenue.
Occupancy is reported at 98% leased, with one additional unit currently being remodeled. Tenant utility responsibility is described as all utilities except water and garbage disposal, while the landlord pays for electricity in common areas and gas for hot water in the ground-floor units. The tenant base is 70% private payment and 30% subsidized by the Akron Housing Authority.
Key Highlights
- Six three‑story brick apartment buildings totaling 36,000 SF with 48 units (6 units per building).
- Unit mix: 1,000 SF second/third floor units with 2 bed/2 bath plus central A/C; 800 SF ground floor units with 2 bed/1 bath plus window A/C units.
- Recently remodeled about 40% of units, including bathrooms, kitchens, floors, and all mechanicals.
Property Analytics
Property Profile
Current Use
Lease Details
36
Residential units
98%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
99
Businesses Nearby
Explore this area
Business Placement
Demographics for 44313, OH
25,678
Population
14,054
Households
1.8
Avg Household Size
41
Median Age
50%
College-Educated
97%
High-School Grad
13.5 sq mi
ZIP Area
1,902
Density / Sq Mi
$76,404
Median Household Income
$46,882
Median Earnings
$1,041
Median Rent
$216,200
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 - Six three-story brick buildings offer 36,000 SF with 48 units and on-site laundromats in each building.
Where is this apartment building located?
The property is located at 1734 Cromwell Dr Akron, OH.
What are key features of this property?
This property features: Six three‑story brick apartment buildings totaling 36,000 SF with 48 units (6 units per building).; Unit mix: 1,000 SF second/third floor units with 2 bed/2 bath plus central A/C; 800 SF ground floor units with 2 bed/1 bath plus window A/C units.; Recently remodeled about 40% of units, including bathrooms, kitchens, floors, and all mechanicals.
