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    Property profile & analytics

    670 Hancock Ave Akron, OH 44314

    • Commercial real estate
    For Sale
    View listing
    $1,476,000
    Value Estimation
    Location Intelligence
    Property ID
    US66-1826843
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 670 Hancock Ave

    Property type
    Commercial real estate

    Description

    This stabilized multifamily investment opportunity presents two, two-story apartment buildings totaling 24 units in Akron, Ohio. Located at 670 Hancock Ave, 44314, this Class C property boasts a current occupancy rate of 96%, projected to continue through September 25, 2024. Each of the 24 units is a one-bedroom, one-bathroom apartment. Residents have access to a shared coin-operated laundry facility. The property currently generates a Net Operating Income (NOI) of $123,500, resulting in an 8.20% capitalization rate. The asking price is $1,476,000, or $61,500 per unit. While some deferred maintenance is reflected in the price, the property offers significant potential for increased profitability. The owner covers heat (boiler/gas), water, sewer, and trash expenses, while tenants are responsible for electricity, including air conditioning (wall units). A mix of long-term and subsidized tenants contributes to the stable cash flow. Please submit an acceptable non-binding Letter of Intent prior to scheduling a showing. Tenant privacy must be respected; please do not disturb residents.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Akron
    County
    Summit
    State
    Ohio
    Longitude
    -81.5536463
    Latitude
    41.023826

    Comparable in this City

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    Similar Nearby for Sale

    • $199,500
      20.75 Acres

      Akron Industrial Land Opportunity

      20.75 acres, prime development site.
      875 Ivor Ave, Akron, OH 44314
      View Details
    • $95,000
      1,498 SF

      Akron Multifamily Investment Opportunity

      Two-unit property in Kenwood, generating $1,350 monthly income.
      2320 22Nd St SW, Akron, OH 44314
      View Details
    • $189,000
      0.12 Acres

      Fully Occupied Akron Quadplex

      Four-unit building in Akron, fully occupied with steady rental income.
      2311-2313 19Th St SW, Akron, OH 44314
      View Details
    • $309,900
      2,496 SF

      Akron Four-Unit Income Property

      Four-unit brick property in desirable area with long-term tenants.
      2256 Maryland Ave, Akron, OH 44314
      View Details
    • $160,000
      2,108 SF

      Akron Multifamily Investment Opportunity

      Solid duplex in Akron, fully rented with leases in place.
      1637 East Ave, Akron, OH 44314
      View Details
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    670 Hancock Ave
    Akron, OH 44314
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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