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Property Description

This solid all-brick multi-unit complex is just waiting for someone with an eye for opportunity, and a plan for updates. Featuring four one-bedroom apartments on the first and second levels, with the potential of converting the two second floor units to two-bedrooms. You’ll find two more one-bedroom units on the lower level. They’re not currently rentable and will need full renovation, but with vision, money, and a bit of elbow grease, they’re poised to become solid income producers. The building itself has great bones. The boiler is approximately four years old, and the classic brick construction stands as a testament to durability. The layout is straightforward and functional, making future upgrades simple to plan. Financially, there’s a lot to get excited about. Once updated, market rents for the upstairs units could reach around $900/month each, while the lower units could fetch roughly $700/month. Tenants pay their own electric and gas. Owner covers water. There’s a shared driveway and parking arrangement with the neighboring apartment complex (that’s been updated), adding convenience for tenants. Two of the units are currently occupied and providing income. The seller is keeping showings easy on current renters: two vacant units and the basement are available for viewing up front, with the occupied units viewable for serious buyers. This property isn’t move-in ready. It’s make-it-your-own ready. For the right investor, it’s a clear path to strong cash flow, all while adding lasting value to the neighborhood. Bring your plans, your contractor, and your imagination. This is the kind of property that rewards the ones willing to do the work.

Features
: Hot Water, Steam, Radiator(s)
: No
: Common
Address Map
OH
Summit
Akron
Cole
228
Avenue
44301
W82° 28' 46.2''
N41° 3' 1.9''
Property Details
Active
Keller Williams Chervenic Rlty
Dannie Moore
C2005016707
C50503
6746975
: Asphalt, Fiberglass
: Public Sewer
: Brick
: Public
$5,511
10/07/2025 17:33:30
No
No
No
No

228 Cole Avenue, Akron, Ohio

Residential Income For Sale

6 Bathrooms
5,670 Sqft
$149,999
Listing ID #5138010
Basic Details
Property Type : Residential Income
Property Sub Type : Quadruplex
Levels : Three Or More
Listing Type : For Sale
Listing ID : 5138010
Price : $149,999
Bathrooms : 6
Square Footage : 5,670 Sqft
Year Built : 1928
Lot Area : 0.13 Sqft
Agent info
Berkshire Hathaway HomeServices Professional Realty
7466 Auburn Road Suite A, Concord, Ohio 44077
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