Vision Sales Team

594-598 Blaine Avenue

Akron , OH 44310

MLS#: 5128121

$675,000

Status: Active
Listing number: 5128121
Listing provided by: Gentile Real Estate LLC
Listing agent phone: None
Last update: 24 days ago
Browse Properties
O B York Allotment - Commercial Sale

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1924

Sq.Footage

N/A

Opportunity to acquire a fully occupied, turnkey multifamily portfolio in the heart of Akron, Ohio. Located at 594 & 598 Blaine Avenue, this package consists of a 2-unit duplex and a 5-unit apartment building, both fully renovated in 2023 with updated interiors, exteriors, plumbing, electrical, and more. The property offers strong in-place cash flow and immediate value-add potential. 594 Blaine Avenue (Duplex) - 1-bedroom/1-bath lower unit and 3-bedroom/1-bath upper unit. Detached 2-car garage. 598 Blaine Avenue (5-Unit Apartment Building) - Five 1-bedroom/1-bath units. Coin-operated laundry for additional income. Detached 6-car garage. 2024 Total Annual Income: $76,102. Cap rate 7.5%. Fully leased, including two tenants on AMHA housing vouchers. Value-Add Opportunities - Lower Utility Costs: Seller to eliminate boiler at 598 Blaine and replace with electric baseboard heating prior to closing—shifting heat/electric responsibility to tenants and reducing owner expenses. Garage Income: Potential to monetize 8 total garage spaces by charging tenants for parking/storage. Laundry Expansion: Opportunity to install another set of coin-operated laundry to increase ancillary income. Unit Upside: Four of the five 1-bedroom units at 598 Blaine can be easily reconfigured into 2-bedroom units to boost rental income. This asset is well-positioned for investors seeking a low-maintenance, cash-flowing portfolio with upside. Whether you're expanding an existing portfolio or entering the multifamily space, 594–598 Blaine Ave offers both stability and potential in a growing rental market.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Basement YN

    YES

  • Heating YN

    YES

  • Heating

    Natural Gas, Electric, Forced Air

Exterior

  • Garage

    No

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.32

  • Property Type

    Commercial Sale

  • Property Sub Type

    Apartment

Price

  • Sales Price

    $675,000

  • Tax Amount

    5100.0

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    Akron CSD - 7701

  • Middle School

    N/A

  • High School

    N/A

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Location

County

Summit

Elementary School

Akron CSD - 7701

Middle School

High School

Listing Courtesy of Vince Senauskas , Gentile Real Estate LLC

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Opportunity to acquire a fully occupied, turnkey multifamily portfolio in the heart of Akron, Ohio. Located at 594 & 598 Blaine Avenue, this package consists of a 2-unit duplex and a 5-unit apartment building, both fully renovated in 2023 with updated interiors, exteriors, plumbing, electrical, and more. The property offers strong in-place cash flow and immediate value-add potential. 594 Blaine Avenue (Duplex) - 1-bedroom/1-bath lower unit and 3-bedroom/1-bath upper unit. Detached 2-car garage. 598 Blaine Avenue (5-Unit Apartment Building) - Five 1-bedroom/1-bath units. Coin-operated laundry for additional income. Detached 6-car garage. 2024 Total Annual Income: $76,102. Cap rate 7.5%. Fully leased, including two tenants on AMHA housing vouchers. Value-Add Opportunities - Lower Utility Costs: Seller to eliminate boiler at 598 Blaine and replace with electric baseboard heating prior to closing—shifting heat/electric responsibility to tenants and reducing owner expenses. Garage Income: Potential to monetize 8 total garage spaces by charging tenants for parking/storage. Laundry Expansion: Opportunity to install another set of coin-operated laundry to increase ancillary income. Unit Upside: Four of the five 1-bedroom units at 598 Blaine can be easily reconfigured into 2-bedroom units to boost rental income. This asset is well-positioned for investors seeking a low-maintenance, cash-flowing portfolio with upside. Whether you're expanding an existing portfolio or entering the multifamily space, 594–598 Blaine Ave offers both stability and potential in a growing rental market.

594-598 Blaine Avenue

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