22-Unit Apartment
For Sale
Under Contract
$1,450,000
2323 Newton Street, Akron, OH 44305
CommercialSale, Akron, OH
Property SizeContact for details
Lot Size0.81 Acres
Days on Market407
Property Features for 2323 Newton Street
General Information
Property type
Commercial Sale
Property subtype
Apartment
Zoning description
Commercial
Subdivision
Lancaster Estates
Elementary school district
Akron CSD - 7701
Middle school district
Akron CSD - 7701
High school district
Akron CSD - 7701
Directions
Gilchrist Rd to Newton St. go east
Standard status
Active Under Contract
APN
6854910
Lot size
0.81 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LANCASTER EST BLK 5 LOTS 1 2 3 4 5 6 ALL
Tax Annual Amount
20049
Legal Description
LANCASTER EST BLK 5 LOTS 1 2 3 4 5 6 ALL
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Natural Gas, Steam, Hot Water(Heating)
Water source
Public
Amenities
laundry room
Building Details
Year built
1963
Floors in Building
2
Number of units
22
Listing Agency:
Keller Williams Chervenic Rlty · Keller Williams Realty
(330) 836-4300
Listed By:
Steve Spinelli · License #381934
(330) 472-3614
Added: Jul 16, 2025
Changed: Aug 24
Last Checked: Aug 26 at 10:06PM
MLS# 5139821
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1963, this two-story apartment property contains 22 units, including 18 two-bedroom residences and 4 one-bedroom residences. Each apartment includes 1 full bathroom, electric range, and baseboard hot-water heating. Typical two-bedroom units measure approximately 700 square feet, while one-bedroom units are about 600 square feet. A coin-operated laundry room serves the building.
The 0.81-acre property is supported by public water and public sewer. Capital improvements include a boiler replacement in 2012, roof work completed approximately in 2009, and replacement of many windows and doors during 2009-2010. Two water tanks were replaced in 2024, and the parking lot was stripped and resurfaced in 2025.
The 0.81-acre property is supported by public water and public sewer. Capital improvements include a boiler replacement in 2012, roof work completed approximately in 2009, and replacement of many windows and doors during 2009-2010. Two water tanks were replaced in 2024, and the parking lot was stripped and resurfaced in 2025.
Key Highlights
- 22 units with 18 two‑bedroom and 4 one‑bedroom apartments
- Two‑bedroom units are approximately 700 square feet; one‑bedroom units are about 600 +/- square feet
- Every unit includes 1 full bathroom and an electric range
Property Analytics
Property Profile
Current Use
Lease Details
22
Residential units
Location Intelligence
Trade Area within ½ mile
172
Businesses Nearby
Explore this area
Business Placement
Demographics for 44305, OH
21,214
Population
10,230
Households
2.1
Avg Household Size
38
Median Age
17%
College-Educated
88%
High-School Grad
6.7 sq mi
ZIP Area
3,166
Density / Sq Mi
$55,909
Median Household Income
$37,409
Median Earnings
$974
Median Rent
$89,900
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 - Two-story garden-style apartments offer a varied one- and two-bedroom unit mix with on-site laundry.
Where is this apartment building located?
The property is located at 2323 Newton Street Akron, OH.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 22 units with 18 two‑bedroom and 4 one‑bedroom apartments; Two‑bedroom units are approximately 700 square feet; one‑bedroom units are about 600 +/- square feet; Every unit includes 1 full bathroom and an electric range
