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499 Brown St 4 Unit Apartment Building $639,440 CAD ($159,860 CAD/Unit) 11.60% Cap Rate Akron, OH 44311
Executive Summary
This multi-property portfolio offers immediate cash flow with strong upside potential through targeted renovations or student housing conversion.
Key benefits include:
Stable in-place tenants with long-term occupancy
Below-market rents with clear room for increases
Deferred maintenance is already factored into pricing
Investment Highlights
Rare land assembly in the University of Akron area
Strategic adjacency of parcels allows flexibility in future development
Multiple optionalities: keep as single-family rentals, assemble for a larger multifamily project
U2 zoning provides a clear regulatory pathway for future residential expansion
An investor-ready portfolio offering immediate income, stable tenants, and clear actionable upside, ideal for both traditional rentals and high-yield student housing near one of Ohio’s strongest rental markets.
Flexible renovation roadmap with ROI-focused upgrades
Optional high-yield student housing conversion potential
Addresses include:
499 Brown St, Akron, OH
505 Brown St, Akron, OH
511 Brown St, Akron, OH
517 Brown St, Akron, OH
Key benefits include:
Stable in-place tenants with long-term occupancy
Below-market rents with clear room for increases
Deferred maintenance is already factored into pricing
Investment Highlights
Rare land assembly in the University of Akron area
Strategic adjacency of parcels allows flexibility in future development
Multiple optionalities: keep as single-family rentals, assemble for a larger multifamily project
U2 zoning provides a clear regulatory pathway for future residential expansion
An investor-ready portfolio offering immediate income, stable tenants, and clear actionable upside, ideal for both traditional rentals and high-yield student housing near one of Ohio’s strongest rental markets.
Flexible renovation roadmap with ROI-focused upgrades
Optional high-yield student housing conversion potential
Addresses include:
499 Brown St, Akron, OH
505 Brown St, Akron, OH
511 Brown St, Akron, OH
517 Brown St, Akron, OH
Property Facts
| Price | $639,440 CAD | Property Subtype | Apartment |
| Price Per Unit | $159,860 CAD | Apartment Style | Single-Family Home |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 11.60% | Lot Size | 0.23 AC |
| Sale Condition | Bulk/Portfolio Sale | Building Size | 10,196 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1884 |
| Price | $639,440 CAD |
| Price Per Unit | $159,860 CAD |
| Sale Type | Investment |
| Cap Rate | 11.60% |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 10,196 SF |
| No. Stories | 2 |
| Year Built | 1884 |
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Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 68-40645 | Improvements Assessment | $39,119 CAD |
| Land Assessment | $12,577 CAD | Total Assessment | $51,695 CAD |
Property Taxes
Parcel Number
68-40645
Land Assessment
$12,577 CAD
Improvements Assessment
$39,119 CAD
Total Assessment
$51,695 CAD
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499 Brown St
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