84-Unit Apartment
For Sale
Contact for pricing
193 Cherry St, Orrville, OH 44667
Multifamily community with varied unit layouts, basement configurations, and an on-site property manager willing to continue.
Property SizeContact for details
Days on Market144
Property Features for 193 Cherry St
General Information
Standard status
Active
Property subtype
Multifamily
Units
Unit Mix
12 x efficiency, 12 x 1BR, 12 x 1BR with basement, 36 x 2BR, 12 x 2BR with basement
Multifamily Units
84
Listing Agency:
Hoff & Leigh Fairlawn
(330) 760-4494
Listed By:
Ed Jesson · License #OH SAL.0000445027
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 29 at 6:36PM
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 Hoff & Leigh Fairlawn
Investment Insights
Based on property information with market context.
This 84-unit apartment property includes 12 efficiency units, 12 one-bedroom units, 12 one-bedroom units with basements, 36 two-bedroom units, and 12 two-bedroom units with basements. The property has received multiple roof replacements and is described as well maintained. A property manager currently serving the community is willing to remain in that role, supporting continuity for residents and operations.
The apartments are positioned in a residential neighborhood just beyond a retail corridor with restaurant and shopping options nearby. The property is also located near the Smuckers headquarters. Historical occupancy has been strong, with many long-term tenants. The pro forma cap rate is 6.54%.
The apartments are positioned in a residential neighborhood just beyond a retail corridor with restaurant and shopping options nearby. The property is also located near the Smuckers headquarters. Historical occupancy has been strong, with many long-term tenants. The pro forma cap rate is 6.54%.
Key Highlights
- 84 total apartment units across efficiency, one‑bedroom, and two‑bedroom layouts
- Unit mix includes 24 apartments with basements
- Multiple roofs have been replaced at the well‑maintained property
Property Analytics
Current Use
Lease Details
84
Residential units
Location Intelligence
Trade Area within ½ mile
196
Businesses Nearby
Explore this area
Business Placement
Demographics for 44667, OH
13,723
Population
5,381
Households
2.6
Avg Household Size
39
Median Age
25%
College-Educated
88%
High-School Grad
44.7 sq mi
ZIP Area
307
Density / Sq Mi
$72,402
Median Household Income
$41,792
Median Earnings
$852
Median Rent
$196,300
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 - Multifamily community with varied unit layouts, basement configurations, and an on-site property manager willing to continue.
Where is this apartment building located?
The property is located at 193 Cherry St Orrville, OH.
What are key features of this property?
This property features: 84 total apartment units across efficiency, one‑bedroom, and two‑bedroom layouts; Unit mix includes 24 apartments with basements; Multiple roofs have been replaced at the well‑maintained property
