- 6 beds
- 6 baths
- 5,670 sqft
- $26 per sqft
- 1928 build
- – on site
This solid all-brick multi-unit complex is just waiting for someone with an eye for opportunity, and a plan for updates. Featuring four one-bedroom apartments on the first and second levels, with the potential of converting the two second floor units to two-bedrooms. You’ll find two more one-bedroom units on the lower level. They’re not currently rentable and will need full renovation, but with vision, money, and a bit of elbow grease, they’re poised to become solid income producers. The building itself has great bones. The boiler is approximately four years old, and the classic brick construction stands as a testament to durability. The layout is straightforward and functional, making future upgrades simple to plan. Financially, there’s a lot to get excited about. Once updated, market rents for the upstairs units could reach around $900/month each, while the lower units could fetch roughly $700/month. Tenants pay their own electric and gas. Owner covers water. There’s a shared driveway and parking arrangement with the neighboring apartment complex (that's been updated), adding convenience for tenants. Two of the units are currently occupied and providing income. The seller is keeping showings easy on current renters: two vacant units and the basement are available for viewing up front, with the occupied units viewable for serious buyers. This property isn't move-in ready. It's make-it-your-own ready. For the right investor, it's a clear path to strong cash flow, all while adding lasting value to the neighborhood. Bring your plans, your contractor, and your imagination. This is the kind of property that rewards the ones willing to do the work.
Last checked:
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Last updated Jul 10, 2025
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MLS# 5138010 —
The Building
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Year Built:1928
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Year Built Source:PublicRecords
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Construction Materials:Brick
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# of Buildings:1
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Roof:Asphalt,Fiberglass
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Levels:ThreeOrMore
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Basement:Apartment
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Basement:true
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Above Grade Finished Area:5670.0
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Above Grade Finished Area Source:Assessor
Room Dimensions
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Living Area:5670.0
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Living Area Units:SquareFeet
Financial & Terms
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Possession:Negotiable
Location
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Directions:Archwood to Grant to Cole
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Longitude:-81.520489
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Latitude:41.050538
The Property
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Property Type:ResidentialIncome
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Property Subtype:Quadruplex
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Property Subtype Additional:Quadruplex
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Parcel Number:6746975
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Lot Size Acres:0.1302
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Lot Size Area:0.1302
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Lot Size Units:Acres
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Lot Size Source:Assessor
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Waterfront:false
Listing Agent
- Contact info:
- Agent phone:
- (330) 607-8445
- Office phone:
- (330) 836-4300
Taxes
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Tax Year:2024
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Tax Legal Description:COLE AVE LOTS 86 ALLLESS NE 87 SW
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Tax Annual Amount:$5,511
Beds
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Bedrooms Total:6
Baths
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Total Baths:6
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Full Baths:6
The Listing
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Listing Terms:Cash,Conventional
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Home Warranty:false
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Special Listing Conditions:Standard
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Virtual Tour URL Unbranded 3:https://www.propertypanorama.com/228-Cole-Avenue-Akron-OH-44301/unbranded
Heating & Cooling
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Heating:HotWater,Radiators,Steam
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Heating:true
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Cooling:None
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Cooling:false
Utilities
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Sewer:PublicSewer
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Water Source:Public
Schools
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Elementary School District:Akron CSD - 7701
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Middle School District:Akron CSD - 7701
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High School District:Akron CSD - 7701
The Community
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Subdivision Name:Cole Ave Allotment
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Pool Private:false
Parking
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Parking Features:Common
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Garage:false
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Attached Garage:false
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Carport:false
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
7/8/25
Jul 8, 2025
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Listed / Active | MLS_NOW | $149,999 | |
4/5/17
Apr 5, 2017
|
Sold | MLS_NOW |