42 Tallmadge Ave Akron, OH 44310-3160
Property profile & analytics
42 Tallmadge Ave Akron, OH 44310-3160
- Residential income homes
- 4,416 SF
- 0.08 lot acres
Property ID
US66-0602596
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Residential income homes
Property Details for 42 Tallmadge Ave
- Year built
- 1928
- Lot size
- 0.08 lot acres
- Property size
- 4,416 SF
- Property type
- Residential income homes
- Property subtype
- Small apartment buildings
- APN
- 68-57924
- APU
- 6857924
Description
This three-story, 16-unit apartment building presents a compelling investment opportunity in Akron, Ohio. Located at 42 E Tallmadge Ave, in Summit County, this Class C property boasts 5,200 square feet of net rentable space. Currently, the building has five vacant units, offering immediate potential for increased revenue. The property is situated on a prominent corner lot at the intersection of Tallmadge Ave and Schiller Ave in North Akron. The current gross monthly rent is approximately $5,200, with significant upside potential due to under-market rents and the possibility of further renovations and improvements. Each unit is individually metered, with tenants responsible for all utilities except gas and garbage removal. The asking price is $925,000, translating to a price per unit of $57,812.50. This multifamily property offers a strong cash flow with a light value-add opportunity for an astute investor seeking a solid return on investment in a desirable Akron location. The property's strategic location and potential for rent increases make it an attractive prospect for both seasoned and emerging investors in the Ohio market. This is a rare chance to acquire a well-positioned multifamily asset with immediate upside potential.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Akron
- County
- Summit
- State
- Ohio
- Longitude
- -81.5136
- Latitude
- 41.1019
- CBSA code
- 10420
- CBSA name
- AKRON, OH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,470
$3,220
$37,060
$40,280
-
$9,200
$105,880
$115,080
