499 Brown St - Apartments FOR SALE


Akron, OH 44311- Downtown Akron
$470,000 USD
440-892-2211
499 Brown St, Akron, OH for Sale
$470,000 USD
Apartments - FOR SALE
1/5
null | 11.6% Cap Rate

499 Brown St
Akron, OH 44311
Downtown Akron


OVERVIEW

This multi-property portfolio offers immediate cash flow with strong upside potential through targeted renovations or student housing conversion. Key benefits include: Stable in-place tenants with long-term occupancy Below-market rents with clear room for increases Deferred maintenance is already factored into pricing Investment Highlights Rare land assembly in the University of Akron area Strategic adjacency of parcels allows flexibility in future development Multiple optionalities: keep as single-family rentals, assemble for a larger multifamily project U2 zoning provides a clear regulatory pathway for future residential expansion An investor-ready portfolio offering immediate income, stable tenants, and clear actionable upside, ideal for both traditional rentals and high-yield student housing near one of Ohio’s strongest rental markets. Flexible renovation roadmap with ROI-focused upgrades Optional high-yield student housing conversion potential Addresses include: 499 Brown St, Akron, OH 505 Brown St, Akron, OH 511 Brown St, Akron, OH 517 Brown St, Akron, OH

FOR SALE DETAILS

PRICE

$470,000 USD

PRICE/SF

$46 USD /SF

# OF UNITS

4

PRICE/UNIT

$117,500

CAP RATE

11.6%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1884

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,132 SF

ZONING

-

APN/PARCEL ID

68-40645

ASK ABOUT THIS PROPERTY

Tera SomogyiKeller Williams LIVINGMore Info
440-892-2211

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Tera SomogyiKeller Williams LIVINGMore Info
440-892-2211

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.