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Renovated Multifamily Property Near University
For Sale
$121,900

504 Gage Street, Akron, OH 44311

Renovated bathrooms and an upstairs kitchen complement central heating and AC.

Property Size1,482 SF
Days on Market24

Property Features for 504 Gage Street

General Information

Standard status Active
Size 1,482 SF
Property subtype Residential Income

Taxes and HOA fees

Annual Taxes $2,690

Building Details

Building Size 1,482 SF
Year Built 1889
Buildings 1
Listing Agency: KMLK Realty
Listed By: Laura Fraser
Source: Carolgoffrealestate
Added: Aug 7 Changed: Aug 29 Last Checked: Aug 29 at 4:36PM

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 KMLK Realty

Investment Insights

Based on property information with market context.

Built in 1889, this multifamily property includes two floors, multiple bedrooms, two bathrooms, and an upstairs kitchen that has been renovated. Central heating and AC serve the home, while a basement walkout provides access to the laundry facilities. The layout has supported room-by-room occupancy, with residents using both floors, and a connecting door can be closed to reestablish a duplex configuration.

The property is within walking distance of the University of Akron and has operated as a student rental for several years without vacancies. A group home conversion is also identified as a potential use, subject to buyer due diligence. The large yard can accommodate parking for 4-6 cars while retaining grassy space for outdoor use.

Key Highlights

  • Within walking distance of the University of Akron
  • Student rental history with no vacancies for several years
  • Two bathrooms and an upstairs kitchen have been renovated

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick HVAC Service Electrical Service (Bike/Boat/Book/etc) Store Locksmith Skin Care Clinic Plumbing Service

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

738
Businesses Nearby

Demographics for 44311, OH

6,993
Population
3,400
Households
2.1
Avg Household Size
28
Median Age
10%
College-Educated
79%
High-School Grad
1.9 sq mi
ZIP Area
3,681
Density / Sq Mi
$23,857
Median Household Income
$14,953
Median Earnings
$790
Median Rent
$64,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Renovated bathrooms and an upstairs kitchen complement central heating and AC.
Where is this multifamily property located?
The property is located at 504 Gage Street Akron, OH.
What is the asking price?
The asking price for this property is $121,900.
What are key features of this property?
This property features: Within walking distance of the University of Akron; Student rental history with no vacancies for several years; Two bathrooms and an upstairs kitchen have been renovated
More about this property
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