Commercial Real Estate for Sale at 1757 S Arlington Street in Akron, OH for $2,590,000

Listing data updated January 22, 2026 - 6:06pm
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1757 S Arlington Street | Akron

$2,590,000 | 0.0 Sq. Ft.

Incredible opportunity to acquire two stabilized apartment complexes with value-add upside in Akron! This opportunity offers a rare chance for investors to acquire a total of 47 one bedroom, well-located units in the Firestone Park neighborhood just minutes from shopping, entertainment and employment! With a combined total of 24 units at 1566 \u0026 1588 Coventry Street and 23 units at 1757 and 1767 S Arlington Street, the portfolio provides immediate scale and operational efficiencies for a savvy buyer, all within a mere two miles of each other.\r\n\r\nThis thriving area boasts high rental demand and steadily growing rental rates, making it an ideal market for multifamily investment. In addition, significant value-add upside is available immediately upon takeover. Currently, the rents are positioned well below market value, presenting an easy path to income upside for a buyer. With straightforward cosmetic updates, new ownership can elevate monthly income from the in-place $28,000\u002B mark, to over $38,000\u002B per month! (19) of the current tenants are also currently voucher holders through AMHA, allowing a buyer to easily and consistently increase these rents to HUD\u0027s Fair Market Standard over time, which currently sits at $840 and $920 for each respective zip code.\r\n\r\nAll units are 1 bedroom, 1 bathroom. Tenants pay electric at Coventry property (boiler heat owner pays gas, water/sewer and common area electric). S Arlington tenants pay electric (electric baseboard heat) and owner pays water/sewer and trash. Onsite coin op laundry. MLSNow 5183035

Directions to property: South on S Arlington from 75

MLS Listing ID: 
MLSNow 5183035
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Status (Local): 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$2,590,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Property Sub Type: 
Apartment
Primary Market Area: 
Akron
Address: 
1757 S Arlington Street, Akron, OH 44306
County: 
Summit
Latitude: 
41.0239300
Longitude: 
-81.4908970
Directions: 
South on S Arlington from 75
Public Remarks: 
Incredible opportunity to acquire two stabilized apartment complexes with value-add upside in Akron! This opportunity offers a rare chance for investors to acquire a total of 47 one bedroom, well-located units in the Firestone Park neighborhood just minutes from shopping, entertainment and employment! With a combined total of 24 units at 1566 \u0026 1588 Coventry Street and 23 units at 1757 and 1767 S Arlington Street, the portfolio provides immediate scale and operational efficiencies for a savvy buyer, all within a mere two miles of each other.\r\n\r\nThis thriving area boasts high rental demand and steadily growing rental rates, making it an ideal market for multifamily investment. In addition, significant value-add upside is available immediately upon takeover. Currently, the rents are positioned well below market value, presenting an easy path to income upside for a buyer. With straightforward cosmetic updates, new ownership can elevate monthly income from the in-place $28,000\u002B mark, to over $38,000\u002B per month! (19) of the current tenants are also currently voucher holders through AMHA, allowing a buyer to easily and consistently increase these rents to HUD\u0027s Fair Market Standard over time, which currently sits at $840 and $920 for each respective zip code.\r\n\r\nAll units are 1 bedroom, 1 bathroom. Tenants pay electric at Coventry property (boiler heat owner pays gas, water/sewer and common area electric). S Arlington tenants pay electric (electric baseboard heat) and owner pays water/sewer and trash. Onsite coin op laundry.
Community Information
School District: 
Akron CSD - 7701
Subdivision: 
Hillcrest Park Allotment
Building Details
Details about the building on a property.
Year Built: 
1978
Living Area: 
0.0
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
0
Total Full-Bathrooms: 
0
Total Half-Bathrooms: 
0
Total One-Quarter-Bathrooms: 
0
Total Three-Quarter-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Baseboard,Electric,Radiant
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.45
Lot Size (Area): 
0.45
Public Record
Parcel Number: 
6853344
Annual Tax: 
$37,791.00
Contract Details
Details about the listing contract.
Possession: 
Delivery Of Deed
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Agent Name: 
Michael Orlando
Listing Office Name: 
Key Realty

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