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Property profile & analytics
OFF-MARKET
Apartment buildings

394 South St Akron, OH 44311

6,200 SF Built 1925
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Apartment buildings
Year built 1925
Total area 6,200 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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