1842 Grace Rd, Akron, OH 44312

sale $600,000 | Multi-Family

Listed By CENTURY 21 Carolyn Riley Realty

Don't miss this rare opportunity to own a fully-operational eight-unit apartment complex in Springfield Township! Each unit features one bedroom and one bathroom, providing a simple and efficient layout that appeals to long-term tenants and investors alike. This property has undergone major recent upgrades including a brand-new septic system (2025), a new water filtration system, new gas lines and freshly snaked drain lines-offering peace of mind and reducing future maintenance costs. All units are separately metered for electric, and the property offers ample on-site parking for tenants. Conveniently located near I-77 and I-76, residents enjoy quick access to downtown Akron, local employers, restaurants, and retail. Highlights: (8) One-bedroom, one-bath units Brand-new septic system (2025) New water filtration system (2025) New Gas Lines (2025) Separately metered electric Ample on-site parking

Property Features

Building Area: 4850.00 SF
Cross Docks: N
Expenses: 34821.00
For Auction: N
Full Bathrooms: 8
Gross Income: 83976.00
Level Number: 1
Lot Size Desc: 1/2 - 1 Acre
Lot Size In Text: 0.994 Acres
MLSID: 5164922
Net Operating Income: 48154.00
Parking Places: 8
Price Upon Request: N
Property Use: Rental or Investment
Sewer: Septic
Style: Multi-Family (5-20 Units)
Sublease: N
Tax Year: 2024
Taxes: $4802.58
Total Units: 8
Water: Well
Year Built: 1948

1842 Grace Rd, Akron, OH 44312

Property Features

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