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Newton House Apartments 2323 Newton St 22 Unit Apartment Building $2,329,665 CAD ($105,894 CAD/Unit) 8.99% Cap Rate Akron, OH 44305
EXECUTIVE SUMMARY
Welcome to Newton House Apartments. This well maintained property is a 22 unit, 2 story garden style apartment building consisting of 18- 2 bedroom and 4- 1 bedroom units, all with 1 full bathroom. The two bedroom units are approximately 700 Sq. Ft. and the one bedroom units about 600 +/-. There is a coin operated laundry room in the building, all units have electric ranges and there is baseboard, hot water heat with boiler replaced in 2012. The roof was replaced approximately 2009 and alot of windows/doors in 2009-2010. Two water tanks were just replaced in 2024 and the whole parking lot was stripped & resurfaced in 2025.
PROPERTY FACTS
| Price | $2,329,665 CAD | Building Class | C |
| Price Per Unit | $105,894 CAD | Lot Size | 0.80 AC |
| Sale Type | Investment | Building Size | 17,944 SF |
| Cap Rate | 8.99% | Average Occupancy | 95% |
| No. Units | 22 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1963 |
| Property Subtype | Apartment | Parking Ratio | 1.17/1,000 SF |
| Apartment Style | Garden |
| Price | $2,329,665 CAD |
| Price Per Unit | $105,894 CAD |
| Sale Type | Investment |
| Cap Rate | 8.99% |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.80 AC |
| Building Size | 17,944 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 1.17/1,000 SF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Disposal
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 12 | - | - |
| 2+1 | 10 | - | 700 |
PROPERTY TAXES
| Parcel Number | 68-54910 | Improvements Assessment | $231,702 CAD |
| Land Assessment | $59,976 CAD | Total Assessment | $291,678 CAD |
PROPERTY TAXES
Parcel Number
68-54910
Land Assessment
$59,976 CAD
Improvements Assessment
$231,702 CAD
Total Assessment
$291,678 CAD
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Newton House Apartments | 2323 Newton St
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