1842 Grace Road Akron, OH $ 600,000
1842 Grace Road
$ 600,000
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1842 Grace Road

Akron, OH, 44312
$ 600,000
Bedrooms-- Baths--

Monthly Estimate*

$ 3,694

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Commercial Property for sale in Akron, OH

for $600,000. This building was built in 1948 on a lot size of 0.994.

Don’t miss this rare opportunity to own a fully-operational ten-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: (10) 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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Commercial Active

Price

$ 600,000

Property Type

Commercial

Taxes

$ 4,803

Style

Lot Size

0.994

Year Built

1948

Town/City

Akron

County/Region

Summit

MLS | Web ID

5164922

Features
General
Heating Other
Possession Delivery Of Deed
Year Built 1948
Township Springfield Twp
Property Subtype Apartment
Tax Year 2024
Current Use Multi-Family
Business Type Residential
HOA Fee 2 1000
County Summit
Net Operating Income 48154
Operating Expense 34821
Property Type Commercial Sale
Attached Garage false
Subdivision Name Emmons Small Farms
Status Active
Directions Showings available upon accepted purchase agreement.
City Akron
Disclosures Principal is Real Estate Licensed
High School District Springfield LSD Summit- 7713
Lot Size Units Acres
Tax Annual Amount 4803
Living Area Units Square Feet
Standard Status Active
Occupancy Type Tenant
Middle/Junior School District Springfield LSD Summit- 7713
Elementary School District Springfield LSD Summit- 7713
Year Built Source Public Records
Property Sub Type Additional Apartment
Cap Rate 8
Legal Description EMMONS SMALL FARM LOT 31 ALL GRACE RD
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Interior
Basement (Y/N) false
Main Level Bathrooms 0
Total Baths 0
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Exterior
Lot Size Area 0.994
Lot Size Acres 0.994
Lot Size Source Public Records
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* Excluded Features
List By
Justin Decker

Listing Agent

Century 21 Carolyn Riley Rl. Est. Srvcs, Inc.

Broker

justin@signaturec21.com

Email

Affordability Calculator

$4,095
Per Month
90%
10%
0%
Monthly Principal & Interest
$3,694
Monthly Property Taxes
$400
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4458464 Elementary School
4458356 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/24/2025$600,000 Listed Price

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1842 Grace Road, Akron, OH, 44312 is a Commercial Property for sale at $600,000 with a lot size of 0.994. 1842 Grace Road was built in 1948. The property's zip code is 44312 which is in Akron, OH