228 Cole Avenue, Akron, OH 44301 - $299,900
- Beds: 4
- Baths: 4 full
- Sq. Feet: 3,360
- Days on Site: n/a
Comments for 228 Cole Avenue, Akron, OH 44301
Investor Special! Solid brick 4-unit multifamily property with immediate cash flow and value-add potential. Each unit offers 1 bedroom, 1 bathroom, a living room, dining room, and a bonus room, providing spacious layouts that appeal to tenants. Currently fully occupied, with two units renting for $500/month and two units renting for $750/month. Opportunity to increase returns through rental increases. Additional upside with the potential to finish the lower level and convert the property into a 6-unit building Convenient Akron location near shopping, restaurants, public transportation, and major highways.
$299,900
Estimated Monthly Payment: $1,217.42 (including taxes & insurance estimates)
Edit mortgage details for a more accurate paymentProperty Details
| City: Akron | Property Type: Multi Unit - Multiple | |
| Subdivision: Cole Ave Allotment | Lot Size: 0.13 Acres | |
| School District: Akron City | Bedrooms: 4 | |
| Taxes: $5,550 | Bathrooms: 4 full | |
| Status: Active | Square Feet: 3360 | |
| Year Built: 1928 | MLS#: 5231356 |
Request a ShowingLet our agents give you a private tour
View On Map
Email Listing
Share ListingProperty Features
| Property Type: Multi Unit - Multiple | Parcel#: 6746975 | |
| Basement: Yes | Parking: Gravel | |
| Basement: Full | Roof Type: Asphalt | |
| Cooling: None | Sewer: Public Sewer | |
| Exterior: Brick | Stories: 2.0 | |
| Heating: Hot Water, Steam | Taxes: $5,550 | |
| Laundry: Common Area | Water: Public | |
| Lot Size: 0.13 Acres | Year Built: 1928 |
School Information
| School District: Akron City |
Listed By
Agency Name: Realuxe Ohio
Agency Contact: mandria@realuxerealestate.com, 440-341-2878
Shown By
Agency Title: Cutler Real Estate
Agency Phone: 555-555-5555
Summit County Demographic Information
| Fips |
| Fips Code39153 |
| Population |
| 2020 to 2025 Changedown 0.4% |
| 2010 Count541,781 |
| 2020 Count540,428 |
| 2025 Estimate (V2025)538,376 |
| 2020 Estimate (V2025)540,429 |
| Age Distribution (Years Old) |
| 0 to 45.2% |
| 5 to 1720.4% |
| 18 to 6454.2% |
| 65 and Older20.2% |
| Gender |
| Male48.7% |
| Female51.3% |
| Place of Birth |
| Foreign6.0% |
| US94.0% |
| Education |
| High School Graduate, Age 25+92.8% |
| Bachelor's Degree or Higher, Age 25+35.8% |
| Computer and Internet use |
| Households with a computer95.4% |
| Households with a broadband Internet subscription91.6% |
| Language |
| English is Second Language, Age 5+7.3% |
| English is First Language, Age 5+92.7% |
| Veterans |
| Veterans25,976 |
| Income |
| Per Capita Income$43,061 |
| Median Household Income$71,622 |
| People in Poverty13.3% |
| Commute |
| Average Work Commute Time24 minutes |
| Housing |
| Total Housing Units247,173 |
| Households231,267 |
| Average Household Size2.29 |
| Owner-Occupied67.5% |
| Multi-Family22.4% |
| Owner-Occupied Median Value$208,700 |
| Median selected monthly owner costs -with a mortgage$1,470 |
| Median selected monthly owner costs -without a mortgage$599 |
| Median gross rent$1,026 |
| Building Permits |
| New Private Housing Issued 20241,082 |
| Years at Residence |
| 1 Year or More88.9% |
| Less Than 1 Year11.1% |
| Business and Employment |
| Private non-farm Establishments13,309 |
| Private non-farm Employment249,827 |
| Private non-farm Employment Growthdown 0.8% |
| Nonemployer Establishments43,820 |
| Number of Firms9,566 |
| Business Production |
| Value of Shipments$9,410,730,000 |
| Wholesale Trade$9,120,214,000 |
| Retail Trade$8,582,177,000 |
| Retail Sales Per Capita$15,606 |
| Accommodation and Food Services$1,190,062,000 |
| Land |
| Land Area412.75 sq. miles |
| Population Per Square Mile1,313 |