394 South St Akron, OH 44311
This exceptional investment opportunity presents a well-maintained, eight-unit apartment complex located at 394 E South St, Akron, Ohio, 44311. The property consists of three separate buildings, each two stories high, totaling 6,200 square feet. Built in 1925 and renovated in 2010, the complex boasts 100% occupancy, offering immediate cash flow. Each of the eight units is priced at $53,125, with the entire complex listed at $425,000, representing a price per square foot of $68.55. Situated in Summit County, this Class C multifamily property presents a strong foundation for a savvy investor. While currently well-maintained, the property offers significant upside potential for future improvements and increased profitability. The current owner is strategically divesting from this asset to focus on other holdings, creating a unique opportunity for a buyer to acquire a solid, income-generating property in a desirable location. This is a rare chance to acquire a multi-building complex in Akron, Ohio, with immediate return and significant long-term growth potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.