298 Torrey St Unit 300 Akron, OH 44304
Downtown Akron NeighborhoodEstimated payment $9,173/month
Highlights
- Window Unit Cooling System
- Wood Siding
- 5-minute walk to Boss Park
- Forced Air Heating System
About This Home
Great investment opportunity at University Akron in a PRIME LOCATION!! The package is 10 properties (1 four unit- 2 bed 1 bath each, 4 duplexes, and 5 single family) all located on Torrey St, one block from E. Exchange behind The Edge building, a 5 minute walk to the center of campus. All of the properties have new roofs in 2020, vinyl windows, updated electric (no knob and tube), updated plumbing (no galvanized), newer flooring, light fixtures, and have recently been leased for the 25-26 school year, with all leases expiring at the end of July 2026. The location and condition makes leasing much easier than most other options. The properties have a combined 49 bedrooms and 21 bathrooms. Annual gross rents $207,240, Utilities (landlord pays utilities except internet) $49,368, Insurance $10,632, Property Taxes $20,568, NOI $126,672- 9% Cap Rate. There is opportunity to add value through leasing additional bedrooms, changing to section 8 tenants, and not paying utilities on the next round of leasing.
Listing Agent
Keller Williams Chervenic Rlty Brokerage Email: jaikens@kw.com, 330-388-2637 License #2012000353 Listed on: 08/29/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $20,568
Year Built
- Built in 1894
Lot Details
- 2,640 Sq Ft Lot
- 6829145,6804508,6721179,6721116
Home Design
- Asphalt Roof
- Wood Siding
- Aluminum Siding
- Vinyl Siding
Interior Spaces
- 2-Story Property
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 9 Bedrooms
- 9 Full Bathrooms
Parking
- Common or Shared Parking
- Driveway
Utilities
- Window Unit Cooling System
- Forced Air Heating System
- Heating System Uses Gas
Listing and Financial Details
- Assessor Parcel Number 6829146
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,889 | $33,831 | $4,543 | $29,288 |
| 2024 | $1,889 | $33,831 | $4,543 | $29,288 |
| 2023 | $1,889 | $33,831 | $4,543 | $29,288 |
| 2022 | $1,609 | $22,404 | $3,007 | $19,397 |
| 2021 | $1,662 | $22,404 | $3,007 | $19,397 |
| 2020 | $1,639 | $22,410 | $3,010 | $19,400 |
| 2019 | $1,603 | $19,860 | $3,010 | $16,850 |
| 2018 | $1,583 | $19,860 | $3,010 | $16,850 |
| 2017 | $1,343 | $19,860 | $3,010 | $16,850 |
| 2016 | $1,344 | $16,930 | $3,010 | $13,920 |
| 2015 | $1,343 | $16,930 | $3,010 | $13,920 |
| 2014 | $1,333 | $16,930 | $3,010 | $13,920 |
| 2013 | $1,576 | $17,000 | $3,010 | $13,990 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/29/2025 08/29/25 | For Sale | $1,400,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | American Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,020,000 | Credit Line Revolving | |
| Previous Owner | $455,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $542,000 | Unknown |
Source: MLS Now
MLS Number: 5152591
APN: 68-29146
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