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Turnkey 16-Unit Apartment Complex
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846 S Diamond St, Ravenna, OH 44266

Fully occupied 16-unit apartment complex with 1-bedroom and studio units in a well-maintained setup.

Property SizeContact for details
Days on Market135

Property Features for 846 S Diamond St

General Information

Standard status Active
Property subtype Multifamily
Occupancy 100%

Additional Details

Multifamily Units 16

Building Details

Tenancy Multi
Listing Agency: Platz Realty Group
Listed By: Adam Divelbiss · License #OH
Source: Crexi
Added: Apr 12 Changed: Aug 8 Last Checked: Jul 22 at 10:35AM

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 Platz Realty Group

Investment Insights

Based on property information with market context.

This offering is a turnkey 16-unit apartment complex that is currently 100% occupied. The property features a mix of 1-bedroom units and studio units, with the configuration described as 15 one-bedroom units plus 1 studio. The building is presented as well maintained.

The property is located at 846 S Diamond St in Ravenna, Ohio.

For buyers seeking an income-producing multifamily investment, the complex is marketed based on its current occupancy and the stated occupancy history and maintenance condition.

Key Highlights

  • 16‑unit apartment complex that is 100% occupied
  • Unit mix includes fifteen 1‑bedroom units plus 1 studio
  • Well‑maintained property with an excellent occupancy history

Property Analytics

Current Use

Diamond Apartments Apartment Building

Suggested Use

Top Pick Real Estate Agency Electrical Service Skin Care Clinic Nail Salon (Bike/Boat/Book/etc) Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

16
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

65
Businesses Nearby

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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Fully occupied 16-unit apartment complex with 1-bedroom and studio units in a well-maintained setup.
Where is this apartment building located?
The property is located at 846 S Diamond St Ravenna, OH.
What are key features of this property?
This property features: 16‑unit apartment complex that is 100% occupied; Unit mix includes fifteen 1‑bedroom units plus 1 studio; Well‑maintained property with an excellent occupancy history
(501) 551-3817 Call to check price and availability
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