Search
Student Apartment Building Near Campus

642 E Summit Street, Kent, OH 44240

For Sale
$550,000

CommercialSale, Kent, OH

Property SizeContact for details
Lot Size0.21 Acres
Days on Market95

Property Features for 642 E Summit Street

General Information

Property type Commercial Sale
Property subtype Apartment
Rooms Basement
Parking features Driveway, Off Street, Parking Lot
Elementary school district Kent CSD - 6705
Middle school district Kent CSD - 6705
High school district Kent CSD - 6705
Directions From I-77 S: Take exit 33 onto SR-43 toward Kent, and turn left. Turn right onto E Summit St.
Standard status Active
APN 17-013-10-00-115-000
Lot size 0.21 Acres

Tenancy & Operations

Currently Operating Yes
Tenant in Place Yes

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 3952
HOA Fee $1,800 Annually

Utilities

Sewer type Public Sewer
Heating system Natural Gas, Forced Air
Cooling system Central Air
Water source Public

Building Details

Year built 1910
Floors in Building 3
Number of units 8
Roof type Fiberglass, Asphalt
Buildings 1
Listing Agency: Keller Williams Chervenic Rlty · Keller Williams Realty
Listed By: Aimee Neiman · License #2020001502
Added: Aug 7 Changed: Oct 24 Last Checked: Nov 9 at 4:06AM
MLS# 5234795

Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This apartment property is configured with 8 private bedrooms or rentable spaces, with residents sharing the living room, kitchen, and bathrooms. A basement apartment is included, and the property has operated as a student rental since before 1978. Five rooms are occupied, while three are being marketed for the 2026–2027 school year.

The property is located near Kent State University in Kent, Ohio, at 642 E Summit Street. Off-street parking is provided through front and rear parking areas with capacity for 14 vehicles. The 0.21-acre property was built in 1910 and is served by public water and public sewer. Heating is provided by forced air and natural gas, with central air conditioning.

Key Highlights

  • 8 private bedrooms or rentable spaces with shared living, kitchen, and bathroom areas
  • Basement apartment included in the property configuration
  • Licensed by the City of Kent for up to 10 occupants

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Lease Details

8
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,017
Businesses Nearby

Demographics for 44240, OH

38,354
Population
20,228
Households
1.9
Avg Household Size
32
Median Age
44%
College-Educated
96%
High-School Grad
39.7 sq mi
ZIP Area
966
Density / Sq Mi
$57,415
Median Household Income
$31,613
Median Earnings
$989
Median Rent
$216,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Room-by-room accommodations include shared living, kitchen, and bathroom areas.
Where is this apartment building located?
The property is located at 642 E Summit Street Kent, OH.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 8 private bedrooms or rentable spaces with shared living, kitchen, and bathroom areas; Basement apartment included in the property configuration; Licensed by the City of Kent for up to 10 occupants
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

Ask Rey → ChatGPT Grok Claude
Preferred Make Realmo a preferred source.

Our comps and market reports get this label in your Google results.

Add as a preferred source on Google One click on Google
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message
Why this one?
Saved