103-Unit Apartment
New
For Sale
$4,700,000
429 N Hawkins Ave, Akron, OH 44313
The multifamily property is located in Akron, Ohio.
Property Size70,892 SF
Days on Market3
Property Features for 429 N Hawkins Ave
General Information
Standard status
Active
Size
70,892 SF
Property subtype
Multifamily
Occupancy
94%
Site & Location
Neighborhood
Northwest Akron
Additional Details
Cap Rate
5%
Multifamily Units
103
Amenities
Owned and Self-Managed by the Family of the Original, Local Developer
Significantly Below Market Rents ($140,000-Plus in Loss-to-Lease)
Many Recent, Major Capital Improvements Including Roof, Hot Water Boilers, and Modernized Elevators
Ideally Located in West Akron, One of the Region's Largest Retail and Employment Corridors
Less than One Mile from Whole Foods, Acme Fresh Market, ALDI, Orange Theory Fitness, Piada, Starbucks, Ken Stewart's Grille, and Dunkin
Minutes from Three Major Hospitals; Akron Children's Hospital, Cleveland Clinic, and Summa Health
Building Details
Building Size
70,892 SF
Units
103
Listing Agency:
Cleveland Office
Listed By:
Mike Barron, CCIM · License #License(s): OH: 2002021828
(216) 264-2016
Source:
Marcusmillichap
Added: Oct 24
Changed: Oct 25
Last Checked: Oct 24 at 2:49PM
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 Cleveland Office
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Investment Insights
Based on property information with market context.
This apartment property comprises 103 residential units and is located in Akron, Ohio.
Key Highlights
- 103 residential units
- Located in Akron, Ohio
Property Analytics
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Lease Details
103
Residential units
Location Intelligence
Trade Area within ½ mile
214
Businesses Nearby
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Business Placement
Demographics for 44313, OH
25,678
Population
14,054
Households
1.8
Avg Household Size
41
Median Age
50%
College-Educated
97%
High-School Grad
13.5 sq mi
ZIP Area
1,902
Density / Sq Mi
$76,404
Median Household Income
$46,882
Median Earnings
$1,041
Median Rent
$216,200
Median Home Value
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Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - The multifamily property is located in Akron, Ohio.
Where is this apartment building located?
The property is located at 429 N Hawkins Ave Akron, OH.
What is the asking price?
The asking price for this property is $4,700,000.
What are key features of this property?
This property features: 103 residential units; Located in Akron, Ohio
