10-Unit Apartment
For Sale
Contact for pricing
1842 Grace Rd, Akron, OH 44312
Efficiency-unit configuration with tenants responsible for electric service.
Property SizeContact for details
Days on Market142
Property Features for 1842 Grace Rd
General Information
Standard status
Active
Property subtype
Multifamily
Units
Unit Mix
10 x efficiency
Multifamily Units
10
Additional Details
Cap Rate
9.15%
Building Details
Year Built
1948
Buildings
1
Listing Agency:
CENTURY 21 Carolyn Riley Realty
(330) 794-7986
Listed By:
Justin Decker · License #OH
Source:
Crexi
Added: Apr 11
Changed: Aug 29
Last Checked: May 27 at 8:40AM
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 CENTURY 21 Carolyn Riley Realty
Investment Insights
Based on property information with market context.
This 10-unit apartment property in Akron’s Springfield Township consists of ten efficiency units. Electric service is paid by the tenants, providing a defined utility arrangement for the building. The property is located at 1842 Grace Rd, Akron, OH 44312.
Reported operating figures include a vacancy rate that has rarely fallen below 2% and a 9.15% cap rate. The asset is classified as an apartment building and is offered for sale.
Reported operating figures include a vacancy rate that has rarely fallen below 2% and a 9.15% cap rate. The asset is classified as an apartment building and is offered for sale.
Key Highlights
- 10‑unit apartment building in Springfield Township, Akron
- Ten efficiency units
- Tenants pay electric service
Property Analytics
Property Profile
Current Use
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
20
Businesses Nearby
Explore this area
Business Placement
Demographics for 44312, OH
30,510
Population
14,299
Households
2.1
Avg Household Size
44
Median Age
19%
College-Educated
92%
High-School Grad
19.0 sq mi
ZIP Area
1,606
Density / Sq Mi
$64,542
Median Household Income
$41,829
Median Earnings
$994
Median Rent
$142,100
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 - Efficiency-unit configuration with tenants responsible for electric service.
Where is this apartment building located?
The property is located at 1842 Grace Rd Akron, OH.
What is the asking price?
The asking price for this property is $570,000.
What are key features of this property?
This property features: 10‑unit apartment building in Springfield Township, Akron; Ten efficiency units; Tenants pay electric service
