1757 S Arlington Street, Akron, OH 44306 | MLS ID 5183035

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1757 S Arlington Street, Akron, OH 44306 | MLS ID 5183035 - Hardcastle Realty

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$2,590,000

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Incredible opportunity to acquire two stabilized apartment complexes with value-add upside in Akron! This opportunity offers a rare chance for investors to acquire a total of 47 one bedroom, well-located units in the Firestone Park neighborhood just minutes from shopping, entertainment and employment! With a combined total of 24 units at 1566 & 1588 Coventry Street and 23 units at 1757 and 1767 S Arlington Street, the portfolio provides immediate scale and operational efficiencies for a savvy buyer, all within a mere two miles of each other. This thriving area boasts high rental demand and steadily growing rental rates, making it an ideal market for multifamily investment. In addition, significant value-add upside is available immediately upon takeover. Currently, the rents are positioned well below market value, presenting an easy path to income upside for a buyer. With straightforward cosmetic updates, new ownership can elevate monthly income from the in-place $28,000+ mark, to over $38,000+ per month! (19) of the current tenants are also currently voucher holders through AMHA, allowing a buyer to easily and consistently increase these rents to HUD's Fair Market Standard over time, which currently sits at $840 and $920 for each respective zip code. All units are 1 bedroom, 1 bathroom. Tenants pay electric at Coventry property (boiler heat owner pays gas, water/sewer and common area electric). S Arlington tenants pay electric (electric baseboard heat) and owner pays water/sewer and trash. Onsite coin op laundry.

Information

Address:
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1757 S Arlington Street
Akron, OH 44306

Subdivision: Hillcrest Park Allotment

Area/School Dist: Akron

MLS ID: 5183035

Status: Active

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Features

Taxes: $37,791 / year
Lot Size: 0.45 Acres
Heating: Baseboard,Electric,Radiant
Year Built: 1978
Parcel#: 6853344

School Information

School District: Akron City

Mortgage Information

Agency/Agent Information

Shown By:
  Agency Name: Hardcastle Realty
  Agency Phone:

Listed By
   Key Realty
  Agency Phone: 877-593-7589

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/07/2026. The listing information on this page last changed on 04/07/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Tue 04/07/2026 12:07:15 AM EST) or MLS NOW (last updated Tue 04/07/2026 12:02:29 AM EST). Real estate listings held by brokerage firms other than Hardcastle Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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