USAOHAkronAmbrose Cotter Farm51 Cotter Ave
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$540,000

For Sale

21 hours ago

51 Cotter Ave, Akron, OH

Condo

MLS® 5239870

0 Bed

0 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Commercial Sale
Size -
Garage 
HOA Fees 
Taxes $9,757
Days Active 1
Approx. Age 1914
MLS® Number 5239870

Property Address: 51 Cotter Ave, Akron, OH, 44305-2372

Average square foot calculated using Size range provided by listing agent.

Description

Twelve-unit, two-building multifamily in Akron's Middlebury neighborhood, offered at $540, 000, or $45, 000 per door, with all twelve units occupied. 51 Cotter holds four units and 55 Cotter holds eight, side by side, sharing a rear lot with off-street parking and a detached outbuilding, so a buyer runs the whole position on one drive and one management contract. The mix is ten one-bedrooms, one two-bedroom and a studio. Average in-place rent is $708, while the two units already brought to a modern finish are leased at $800 and $850, which is where the upside comes from and why it does not depend on a market assumption. Wood-frame century buildings with covered porches, bay windows and rear decks. Several units carry newer flooring, cabinetry and tile work, the balance are original and turn cosmetically. Landlord pays water, sewer and trash. In-place NOI runs just over $58, 000, roughly a 10.8 percent cap at the ask. Two miles from the University of Akron between the Summa campus and the East End development. Full rent roll, trailing financials and lease detail are available in the Document Center. Reach out for the package and to get on the tour schedule.
MLS® Number5239870
Locker
Ensuite Laundry
Balcony
Furnished
Laundry Level
Exposure
Exterior
Garage
Approx. Age1914
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatGas
A/CNone

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Aug 26, 2026List Date
$540,000List Price
  • Commute

Commute

Starting Address
Destination Address
51 Cotter Ave, Akron, OH

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