Homes for sale - 797 E Market ST, Akron, OH 44305

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Shawana Hanson

info@luxehauscle.com +1(216) 971-3161

Est. payment | -/mo

1.63 Acres Lot

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Est. payment | -/mo

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1.63 Acres Lot

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Pending

Purchase Type For Sale

MLS Listing ID 5162500

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1965

Annual Tax Amount $41,819

Tax Year 2024

Lot Size 1.631 Acres

Acres 1.631

Property Sub-Type Apartment

Property Description

Attention Investors, 40-Unit Luxury Apartment Complex with a Mixed-Use Restaurant Tenant. Online Only. ABSOLUTE AUCTION, all sells to the highest bidder online only. ONLINE BIDDING STARTS: MONDAY, NOVEMBER 3, 2025, 12:00 PM, and ENDS: FRIDAY, NOVEMBER 7, 2025, 12:00 PM. For sale is a 40-unit luxury apartment complex, fully furnished, located at 797 E. Market St., Akron, OH 44305. The property features a first-floor restaurant tenant that will remain, with additional commercial space available for development. The auction includes all apartment furnishings but excludes restaurant equipment. Tenants have access to numerous storage units, and the building is equipped with one elevator. Zoned U-3 Residential, this property supports a mix of luxury living and commercial use. Renovation & Condition: Completely refurbished from the roof down in 2020, the building is maintenance-free for years to come. Built in 1965, it underwent major improvements in 2019 and 2020, ensuring long-term durability. Financial & Rental Information: Appraised Value (2019): $5.5 million. Current Occupancy: 60%, transitioning from short-term to long-term rentals. Projected Stabilized Gross Annual Revenue: Exceeds $588,000. Estimated Rental Amounts: 1-bedroom units at $1,000 per month, 2-bedroom units at $1,200 per month (all utilities included by owner). Commercial Space Rent: $9,000 per month (quality common areas for additional entertainment). Additional Features: Includes an additional parking lot, 84 parking spaces. 3-story building with a total size of 66,829 sq. ft., Public utilities, high-end appliances in all units, and accessible common areas. High-end furnishings, electronics, washing machines, and gym equipment. Security system, meeting rooms, and vending available. Convenient location near highways, shopping, hospitals, and restaurants. Potential for Airbnb use with vacant units. The property will be open for viewing on Wednesday, November 5, 2025, from 9:00 AM-12:00 PM.

Location

State OH

County Summit

Community Fitness Center

Rooms

Basement None

Interior

Heating Forced Air, Gas, Hot Water, Steam

Cooling Central Air

Fireplace No

Laundry Coin-operated

Exterior

Parking Features Common, Guest, Lighted, No Garage, On Site, Outside, Paved, Parking Lot, Private, On Street

Fence None

Community Features Fitness Center

Water Access Desc Public

Roof Type Flat

Porch Patio

Building

Sewer Public Sewer

Water Public

Construction Status Updated/Remodeled

Schools

School District Akron Csd - 7701

Others

Tax ID 6764330

Security Features Fire Alarm

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Auction

Listed by Randy L Compton • Kiko • rcompton@kikocompany.com, 330-704-5702

"Whether you're looking to purchase your first home, dream home, investment property, and/or sell your current home, I am committed to providing you with high-quality bespoke services."

+1(216) 971-3161

info@luxehauscle.com

1991 Crocker Rd. Suite 600, Westlake, OH, 44145, United States

797 E Market ST Akron, OH 44305