Building Details

Building Size 2,460 SF

Year Built 1955

Units 5

Listing Agency: Century 21 Cornerstone m***@cornerstonec21.com Show Phone

Listed By: Mary Walter · License #EA.040047505 Show Phone

Source: Coloradopartners

Added: Apr 26 Changed: Aug 23 Last Checked: Aug 23 at 10:52AM

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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 Cornerstone

Investment Insights

Based on property information with market context.

This professionally managed 5-plex is a turnkey addition to any portfolio. Each of the five units features a 1-bedroom, 1-bathroom layout with recent upgrades. Improvements include a brand-new roof, updated electrical with individual meters, new furnaces, fresh exterior and interior paint, new windows, updated flooring, and charming front decks. A newly added common laundry room enhances tenant convenience. Two additional rooms offer valuable storage or potential expansion to convert one unit into a spacious 2-bedroom. This income-producing property is ready to generate returns. The property is located in an area with a bike score of 42, indicating it is somewhat bikeable, and a walk score of 50, indicating it is somewhat walkable.

Key Highlights

• Turnkey 5‑plex: Ready to generate income.
• Recent upgrades: New roof, electrical, furnaces, paint, windows, and flooring.
• Individual electrical meters: Simplifies utility management.

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick HVAC Service Dental Office Real Estate Agency Pharmacy Plumbing Service Grocery & Convenience Store

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

Location Intelligence

Trade Area within ½ mile

210

Businesses Nearby

Explore this area Business Placement

Demographics for 80720, CO

2,623

Population

1,166

Households

2.2

Avg Household Size

42

Median Age

28%

College-Educated

92%

High-School Grad

986.6 sq mi

ZIP Area

3

Density / Sq Mi

$62,619

Median Household Income

$42,047

Median Earnings

$1,102

Median Rent

$209,100

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - Professionally managed 5-unit property with modern updates and income potential.

Where is this apartment building located?

The property is located at 351 E 2nd Street Akron, CO.

What is the asking price?

The asking price for this property is $254,900.

What are key features of this property?

This property features: Turnkey 5‑plex: Ready to generate income.; Recent upgrades: New roof, electrical, furnaces, paint, windows, and flooring.; Individual electrical meters: Simplifies utility management.