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

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Mon

Dec

Tue

Dec

Wed

Dec

Dawn Semancik

dawnsemancikhomes@gmail.com +1(216) 650-0746

Est. payment - /mo

1.63 Acres Lot

Save

UPDATED:

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

Read Less Info

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

GET MORE INFORMATION

Dawn Semancik

+1(216) 650-0746

Team Leader | License ID: SAL.2016005292

Team Leader License ID: SAL.2016005292

QUICK SEARCH

797 E Market ST Akron, OH 44305

Dawn Semancik

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

GET MORE INFORMATION