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8 Unit 1 Bed Apartments in Springfield Ohio

$600,000

1842 Grace Rd, Akron, OH 44312

Active
Last Updated: 10/25/2025

48,154

NOI

4,850 sqft

Building Size

Details:
NOI:    $48,154
Building Size:    4,850 sqft
Lot Area:    0.994 acres
Units:    8
Year Built:    1948
MlsNumber:    5164922
Floors:    1
Parking Spots:    8
Baths:    8
Highlights:
  • Annual Tax: $ 4802.58
  • Gross Income: $ 83976.0
  • Lot Size: 1/2 - 1 Acre
  • Sewer: Septic
  • Water: Well
Description:

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


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Listing ID: 41c62137-7e4e-4430-94b2-52ad34160cc3
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