Single-Family Rental
For Sale
Contact for pricing
472 Gridley Ave, Akron, OH 44306
Ten scattered-site single-family rentals, with nine HUD-subsidized units occupied and one currently vacant.
Property SizeContact for details
Days on Market133
Property Features for 472 Gridley Ave
General Information
Standard status
Active
Property subtype
Multifamily
Occupancy
90%
Additional Details
Cap Rate
9.38%
Multifamily Units
10
Listing Agency:
Century 21 Carolyn Riley Realty
Listed By:
Patrick Riley · License #2009002833
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 23 at 12:56PM
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 scattered-site single-family rental investment portfolio is offered for sale. Nine of the 10 units are currently occupied by HUD-subsidized tenants, and one unit is vacant and ready to be filled. The seller notes an average CAP rate of about 9.38%.
The portfolio is located in Northeast Ohio, with the seller describing some rents as about 15% below projected market rates. The remarks also indicate that continued increases in market rents may support higher cash flow over the next few years.
The offering is structured as a multi-property portfolio rather than a single building, providing an investor with diversified unit-level occupancy within the same overall investment group at the time of sale.
The portfolio is located in Northeast Ohio, with the seller describing some rents as about 15% below projected market rates. The remarks also indicate that continued increases in market rents may support higher cash flow over the next few years.
The offering is structured as a multi-property portfolio rather than a single building, providing an investor with diversified unit-level occupancy within the same overall investment group at the time of sale.
Key Highlights
- 10‑unit scattered‑site SFR investment portfolio
- Nine of 10 units are occupied by HUD‑subsidized tenants
- One unit currently vacant and available to be filled
Property Analytics
Property Profile
Current Use
Lease Details
10
Residential units
90%
Occupancy
Location Intelligence
Trade Area within ½ mile
472
Businesses Nearby
Explore this area
Business Placement
Demographics for 44306, OH
21,085
Population
10,424
Households
2
Avg Household Size
34
Median Age
9%
College-Educated
86%
High-School Grad
8.3 sq mi
ZIP Area
2,540
Density / Sq Mi
$41,105
Median Household Income
$30,481
Median Earnings
$901
Median Rent
$77,500
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 - Ten scattered-site single-family rentals, with nine HUD-subsidized units occupied and one currently vacant.
Where is this apartment building located?
The property is located at 472 Gridley Ave Akron, OH.
What are key features of this property?
This property features: 10‑unit scattered‑site SFR investment portfolio; Nine of 10 units are occupied by HUD‑subsidized tenants; One unit currently vacant and available to be filled
