8-Unit Multifamily
For Sale
Contact for pricing
Pending
509 Zahn Dr, Akron, OH 44313
An 8-unit apartment property with wall-mounted A/C, washer/dryer hookups, and both street and covered parking.
Days on Market111
Property Features for 509 Zahn Dr
General Information
Standard status
Pending
Property subtype
Multifamily
Occupancy
50%
Additional Details
Multifamily Units
8
Building Details
Tenancy
Multi
Listing Agency:
Waller Group Homes
(214) 818-4109
Listed By:
Logan Waller · License #TX 0479147
Source:
Crexi
Added: Apr 11
Changed: Jul 21
Last Checked: Jul 29 at 4:14PM
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 Waller Group Homes
Investment Insights
Based on property information with market context.
This 8-unit apartment property in Akron, Ohio is positioned as a value-add investment with 50% occupancy at the time of marketing. The building is equipped with wall-mounted air conditioning units, and each unit includes washer/dryer hookups. Parking is available via both street parking and covered parking.
Under the current management structure, the tenant pays gas and electric, while the owner bills each unit a $50 per month amount to cover water, sewer, and trash. Deferred maintenance noted in the offering includes replacing soffit and cracked or broken plate glass doors and windows, along with repair of a parking lot that is broken and uneven in some areas.
The property is being offered for sale because current ownership intends to reinvest proceeds. The seller’s materials also describe an opportunity to increase rents based on area rent comps.
Under the current management structure, the tenant pays gas and electric, while the owner bills each unit a $50 per month amount to cover water, sewer, and trash. Deferred maintenance noted in the offering includes replacing soffit and cracked or broken plate glass doors and windows, along with repair of a parking lot that is broken and uneven in some areas.
The property is being offered for sale because current ownership intends to reinvest proceeds. The seller’s materials also describe an opportunity to increase rents based on area rent comps.
Key Highlights
- 8‑unit apartment property in Northwest Akron (between Wallhaven and Merriman neighborhoods), currently 50.0% occupied
- Wall‑mounted air conditioning units; all units include washer/dryer hookups
- Parking includes both street parking and covered parking
Property Analytics
Current Use
Lease Details
8
Residential units
50%
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
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 - An 8-unit apartment property with wall-mounted A/C, washer/dryer hookups, and both street and covered parking.
Where is this apartment building located?
The property is located at 509 Zahn Dr Akron, OH.
What are key features of this property?
This property features: 8‑unit apartment property in Northwest Akron (between Wallhaven and Merriman neighborhoods), currently 50.0% occupied; Wall‑mounted air conditioning units; all units include washer/dryer hookups; Parking includes both street parking and covered parking
