12-Unit Multifamily
51 Cotter Avenue, Akron, OH 44305
For Sale
$540,000
Two adjacent buildings combine varied apartment layouts with shared off-street parking and a detached outbuilding.
Property SizeContact for details
Days on Market76
Property Features for 51 Cotter Avenue
General Information
Standard status
Property subtype
Occupancy
Net Operating Income
Property Condition
Severity
Evidence
Financials
Asking Price
Cap Rate
Average Monthly Rent
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Buildings
Construction
Listing Agency:
Russell Real Estate Services
Listed By:
Tal Tamir · License OH #2018001908
(216) 870-8687
Source:
Lifestagesrealty
Added: Aug 26
Changed: Nov 7
Last Checked: Nov 8 at 8:53PM
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 Russell Real Estate Services
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Investment Insights
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This 12-unit apartment property consists of two wood-frame buildings constructed in 1914. The unit mix includes ten one-bedroom apartments, one two-bedroom apartment, and one studio. All units are occupied, and ten received cosmetic updates in recent years; some feature newer flooring, cabinetry, and tile, while other interiors retain original finishes. Covered porches, bay windows, and rear decks add to the building features. Residents share a rear lot with off-street parking, and a detached outbuilding is also on the property. The landlord pays water, sewer, and trash expenses. The reported in-place cap rate is roughly 10.8%. Two miles from the University of Akron, the buildings are positioned between the Summa campus and the East End development.
Key Highlights
- 12 apartments across two adjacent buildings: ten one‑bedrooms, one two‑bedroom, and one studio
- All 12 units occupied; 10 of 12 received cosmetic updates in recent years
- 1914 wood‑frame buildings with covered porches, bay windows, and rear decks
Property Analytics
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Lease Details
12
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,166
Businesses Nearby
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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
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Market
Properties on Market for Apartment buildings in Akron
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Two adjacent buildings combine varied apartment layouts with shared off-street parking and a detached outbuilding.
Where is this apartment building located?
The property is located at 51 Cotter Avenue Akron, OH.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: 12 apartments across two adjacent buildings: ten one‑bedrooms, one two‑bedroom, and one studio; All 12 units occupied; 10 of 12 received cosmetic updates in recent years; 1914 wood‑frame buildings with covered porches, bay windows, and rear decks
