1842 Grace Road, Akron, OH, 44312

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$505,000
20 Days On Site

1842 Grace Road
Akron, OH 44312

For Sale|Apartment|Active
0
Beds
0
Total Baths
1948
Built
Subdivision:
Emmons Small Farms
County:
Summit
Call Now: 330-440-3253
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330-440-3253
1842 Grace Road1842 Grace Road1842 Grace Road1842 Grace Road
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Excellent investment opportunity in Akron! This 10-unit multifamily property features ten one-bedroom, one-bath units and is currently 90% occupied, with an accepted applicant for the remaining vacant unit. Each unit is equipped with its own mini-split heating and cooling system, providing efficient individual climate control. Significant improvements include a new septic system installed in 2025 at a cost of approximately $75,000, along with a durable metal roof. The property is serviced by well water and offers plenty of convenient on-site parking. Tenants are responsible for their own gas and electric, with the exception of Unit 1. Because Unit 1's electric service currently powers the property's well and septic systems, electricity for that unit is included in the rent. The property is professionally managed by CRPM, providing an established management structure already familiar with the property, tenants, and day-to-day operations. CRPM is happy to continue providing professional management services for the new owner, offering the opportunity for a seamless transition following closing. With strong existing occupancy, an accepted applicant for the remaining unit, major infrastructure improvements already completed, and professional management already in place, this property presents an attractive opportunity for an investor looking to add a stabilized multifamily asset to their portfolio.

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Listing Snapshot
Price 
$505,000
Days On Site 
20 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.994 Acres
Year Built 
1948
MLS® Number 
5246089
Status 
Active
Property Tax 
$4,882
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
3 weeks agoListing first seen on site
3 weeks agoListing updated with changes from the MLS®
General Features
Acres 
0.994
Additional Property Use 
Multi-Family
Building Features 
PrivateRestrooms
Levels 
One
Number Of Stories 
1
Parking 
Direct AccessOn SiteOff Street
Parking Spaces 
20
Property Sub Type 
Apartment
Sewer 
Septic Tank
Special Circumstances 
Standard
Water Source 
Well
Zoning 
Multi-Family
Interior Features
Basement 
None
Cooling 
Ductless
Heating 
Heat Pump
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Exterior Features
Fencing 
None
Roof 
Metal
Community Features
School District 
Springfield LSD Summit- 7713
Township 
Springfield Twp
Financing Terms Available 
CashConventional
Schools
School District
Springfield LSD Summit- 7713
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Justin Decker of Catalyst Realty Group, LLC



The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MLS NOW. Real estate listings held by brokerage firms other than are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged. Information Deemed Reliable But Not Guaranteed. Copyright 2026 - Multiple Listing Service, Inc. – All Rights Reserved.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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