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Apartment Building With Attached Garages
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558 Colony Park Dr, Tallmadge, OH 44278

Two-building multifamily property with leased two-bedroom residences and resident amenities.

Property SizeContact for details
Days on Market144

Property Features for 558 Colony Park Dr

General Information

Standard status Active
Elevators Yes
Property subtype Multifamily
Occupancy 100%

Units

Unit Mix 40 x 2BR/2BA
Multifamily Units 40
Parking per Unit 2

Amenities

walk-in closet
walk-in shower
in-suite laundry
outdoor balcony or patio
open concept kitchen
granite counter tops
stainless steel appliances
9-foot ceilings
cathedral ceilings
optional den/bonus room
pet friendly
24-hour security surveillance cameras
secure key access
community gathering room

Building Details

Year Built 2017
Buildings 2
Listing Agency: Hoff & Leigh Fairlawn
Listed By: Ed Jesson · License #OH SAL.0000445027
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 30 at 2:59PM

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 Hoff & Leigh Fairlawn

Investment Insights

Based on property information with market context.

This multifamily community comprises two buildings completed in 2017 with 40 apartments, each offering two bedrooms and two full bathrooms. Residence features include open-plan kitchen, living, and dining areas, granite countertops, stainless steel appliances, full-size in-suite laundry, a walk-in closet, walk-in shower, and 9-foot ceilings. Third-floor apartments add cathedral ceilings, while select layouts include a den or bonus room. Every unit has an outdoor balcony or patio, an attached heated garage, and one additional outdoor parking space.

The property is fully leased and includes elevators, secure key access, and surveillance cameras serving the buildings and parking areas. A community gathering room is available for resident social events, and the setting is pet friendly. The address is 558 Colony Park Dr in Tallmadge, Ohio.

Key Highlights

  • 40‑unit apartment community in two buildings, completed in 2017
  • Fully leased multifamily property
  • All residences offer 2 bedrooms and 2 full baths

Property Analytics

Current Use

Colony Hills Apartments Apartment Complex

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon Spa & Massage Center Nail Salon HVAC 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.

Lease Details

40
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

152
Businesses Nearby

Demographics for 44278, OH

18,671
Population
7,800
Households
2.4
Avg Household Size
46
Median Age
34%
College-Educated
94%
High-School Grad
14.6 sq mi
ZIP Area
1,279
Density / Sq Mi
$91,670
Median Household Income
$46,538
Median Earnings
$1,030
Median Rent
$225,300
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?
Apartment building - Two-building multifamily property with leased two-bedroom residences and resident amenities.
Where is this apartment building located?
The property is located at 558 Colony Park Dr Tallmadge, OH.
What are key features of this property?
This property features: 40‑unit apartment community in two buildings, completed in 2017; Fully leased multifamily property; All residences offer 2 bedrooms and 2 full baths
(330) 760-4494 Call to check price and availability
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