44311 Ohio Commercial Properties for Sale

44311 Ohio Commercial Properties for Sale

$1,150,000
5202270 MLS
Located directly across from The University of Akron’s InfoCision Stadium in the heart of University Park, 409 Brown Street (The Brownstone Apartments) offers modern, low-maintenance apartments in a 21-unit, 1999-built community. This well-positioned property features 2-bedroom, 1-bath layouts of approximately 900–950 sq ft with efficient floorplans, comfortable living rooms, and off-street and on-site parking options. Residents enjoy central air and forced-air heat, all-electric utilities, in a setting that outcompetes much of the older surrounding housing stock. The building’s 1999 vintage and subsequent remodels provide a more contemporary feel than typical area rentals while keeping operating costs and maintenance in check for investors. Tenants are drawn to the highly walkable location, strong renter base, immediate access to campus, and proximity to major employment centers, grocery stores, pharmacies, restaurants, and freeway access. The surrounding neighborhood has one of the highest concentrations of renters in the Akron metro, supporting ongoing leasing demand and renewal potential for this asset. With competitive market rents historically in the $900s to $1,200s per month for 2-bedroom units, the property appeals to students and workforce tenants seeking value, convenience, and quick access to downtown Akron. This listing is ideal for investors or owner-operators seeking a stabilized, campus-adjacent multifamily property with clear upside from continued unit modernization and strong property management.

409 Brown Street, Akron

Listing Courtesy of: Laura Fraser, laura@kmlkrealty.com With KMLK Realty

Selling Office: Howard Hanna.

$292,500
5117587 MLS
Great opportunity to own this 3-unit in downtown Akron close to several amenities including restaurants, hospital, university & much more. The first-floor unit is currently a retail space and includes a finished basement, 2nd & 3rd floor units are apartments. There is street parking in front & parking in the back of the property. Updates include a tankless hot water tank, serves the whole building '22, Unit 1 renovated in '21 & new window in '22 & roof resealed in '22. Units 1 & 2 are currently rented.

356 S Main Street, Akron

Listing Courtesy of: Mickie L Kiko, mickiekiko@kikocompany.com With Kiko

Selling Office: Kiko.

$175,000
5018648 MLS
871 Brown St, 873 Browns St, 869 Brown St, 869.5 Brown St & 538 Baird St Akron, OH 44311 is a fantastic investment opportunity! Investment consists of 5 separate units in 2 different structures, beautiful brick building known as 871-873 & 869-869.5 Brown St is a Mixed Use Building plus Full Basement, 2 Ground Floor Retail Units with Gas Heat, central air conditioning, public water & sewer. One unit is larger, few different uses over the years including retail stores, appliance store, barber shop & more uses! 2 additional large residential apartments on the 2nd floor of the building to house investment tenants! These are 2 @ 2-bedroom residences with many updates as well. The tall ceilings in all units make this property have very viable options to make investment income. There is a 5th investment rental, BONUS, Single Family Home on the same parcel known as 538 Baird St which is also used as a rental income property! The home was updated in 2020 with flooring, kitchen, countertops, paint, siding & gutters, has an unfinished basement, has one bedroom and one bathroom. All current leases are month to month. There are 3 newer furnaces & newer hot water heater. When fully rented, these units were bringing in $6,300 per month! The rentable square footage consists of 5,386 square feet, which includes 4,746 sf in the 2-story multi use brick building as well as 540 sf in the single family dwelling & the properties lot has 40' of frontage on Brown St which is the retail store front and 120'of frontage on Baird Street for additional entries & the single family home. There is 4,800 square feet of lot. There are municipal sidewalks, street lights, gutters & curbs. The Appraiser said the effective age of the property was 20 years old with 30 more years of useful years without needing any major overhauling nor remodeling, however, roof has been patched & will eventually need a roof. Current roof is a flat roof or could have a gable roof installed. Property Sold As Is, Many Uses!

871 - 873 & 869 - 869 1/2 Brown St & 538 Baird Street, Akron

Listing Courtesy of: Lesa Lillibridge, lesalillibridge@gmail.com With Keller Williams Chervenic Rlty

Selling Office: Keller Williams Chervenic Rlty.

$240,000
5010345 MLS
Welcome to 782 Yale Street. This apartment building is very well maintained and has beautiful curb appeal. There are 4 one bedroom units. 1 bedroom(Rents for $750 per month) has a large Living Room, Dining Room, Kitchen and Bathroom. New Vinyl Siding ( 2024) installed. Another one (1) bedroom rents for $650. New Roof and Vinyl Siding ( 2024)The remaining two (2) one (1) bedroom units rent for $600 a piece.This building generates a good cash flow of approximately $1,100 (projected rent per month) with long term tenants. This 4 one bedroom unit building has a gross rent of approximately $2,000 per month. The tenants pay all utilities except water/trash. The owner pays Water ($200 per month), trash($75 per month), and insurance ($1,400) per year. This property is minutes away from Downtown Akron, University of Akron and Expressways. 48 hour notice required. Call for your private showing.

782 Yale, Akron

Listing Courtesy of: Richard Burroughs, burroughsrealty@aol.com With H & R Burroughs Realty, Inc.

Selling Office: Coldwell Banker Schmidt Realty.

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44311 Ohio Commercial Properties

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