NOT LISTED FOR SALE

528 E Buchtel Ave Akron, OH 44304

Downtown Akron Neighborhood

Estimated Value: $115,672 - $163,000

6 Beds
2 Baths
2,386 Sq Ft
$62/Sq Ft Est. Value

Last Sold October 05, 2023

Last sale price $151,000 $63 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $907/month

7 Days on Market

Highlights

  • 0.26 Acre Lot
  • 1 Car Detached Garage
  • Forced Air Heating System

About This Home

As of October 2023

Attention investors! Introducing an outstanding investment opportunity strategically located in close proximity to The University of Akron, as well as Summa Health Systems (Summa Hospital) in Akron, Ohio. This multi-family property offers an ideal blend of prime location, ample parking, and exceptional rental income potential. Situated within a sought-after location this property presents a lucrative proposition for both seasoned investors and those seeking to capitalize on the growing demand for housing, whether that be a buy & hold, or an individual looking to "house hack" and live for free. This property stands as an attractive option for students, faculty, and staff seeking convenient access to campus facilities and amenities, as well as any nurses, doctors, or hospital staff seeking close proximity to work. With a proven track record of generating substantial rental income, this property has consistently commanded approximately $300-$350 per room, yielding nearly $2,000 per month.

Last Agent to Sell the Property

Tim Finn Jr

RE/MAX Edge Realty Brokerage Email: tim@timmfinn.com (330) 322-5833 License #2013004511 Listed on: 08/24/2023

RE/MAX Edge Realty

Last Buyer's Agent

Journey Toole

Keller Williams Living License #2021004623

Keller Williams Living

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,733

Year Built

  • Built in 1863

Lot Details

  • 0.26 Acre Lot

Parking

  • 1 Car Detached Garage

Home Design

  • Fiberglass Roof
  • Asphalt Roof
  • Aluminum Siding
  • Vinyl Siding

Interior Spaces

  • 2,386 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Range
  • Microwave

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • 2 Units
  • Eastern Subdivision

Listing and Financial Details

  • The owner pays for all utilities
  • Assessor Parcel Number 6837704

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,733

Year Built

Built in 1863

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Subtype: Duplex
  • Year Built: 1863
  • Attribution Contact: tim@timmfinn.com (330) 322-5833
  • Subdivision Name: Eastern
  • Above Grade Finished Sq Ft: 2386.0
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • Property Sub Type Additional: Duplex
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Unfinished
  • Basement: Yes
  • Appliances: Microwave, Range, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 6
  • Stories: 2

Exterior Features

  • Roof: Asphalt, Fiberglass
  • Acres: 0.2578
  • Home Warranty: No
  • Construction Type: Aluminum Siding, Vinyl Siding

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Detached, Garage, Paved

Utilities

  • LaundryFeatures: Common Area
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Gas
  • HeatingYN: Yes
  • Water Source: Public

Schools

  • Junior High Dist: Akron CSD - 7701

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 6837704
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: All Utilities

Multi Family

  • Gross Income: 22000.0
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 1733.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2023
Closed on
Oct 10, 2023
Sold by
Noble Beth and Noble Jack
Bought by
Banda Selina
Seller's Agent
Tim Finn Jr
RE/MAX Edge Realty
Buyer's Agent
Journey Toole
Keller Williams Living
List Price
$149,900
Sold Price
$151,000
Premium/Discount to List
$1,100
0.73%
Views
34
Current Estimated Value
$146,918

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,082
Avg. Annual Appreciation
-1.22%
Original Mortgage
$113,250
Outstanding Balance
$111,048
Interest Rate
7.18%
Mortgage Type
New Conventional
Estimated Equity
$35,870

Purchase Details

Listed on
Mar 20, 2012
Closed on
May 26, 2012
Sold by
Smithern Earl D
Bought by
Noble Jack and Noble Beth
Seller's Agent
Jim Camp
Deleted Agent
Buyer's Agent
Jim Camp
Deleted Agent
List Price
$49,000
Sold Price
$49,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.46%
Original Mortgage
$39,200
Interest Rate
3.87%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Banda Selina $151,000 None Listed On Document
Noble Jack $49,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Banda Selina $113,250
Previous Owner Noble Jack $39,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/05/2023 10/05/23 Sold $151,000 +0.7% $63 / Sq Ft
08/29/2023 08/29/23 Pending -- -- --
08/22/2023 08/22/23 For Sale $149,900 +205.9% $63 / Sq Ft
06/15/2012 06/15/12 Sold $49,000 0.0% $21 / Sq Ft View Prior Sale
04/10/2012 04/10/12 Pending -- -- --
03/20/2012 03/20/12 For Sale $49,000 -- $21 / Sq Ft
Source: MLS Now

Tax History Compared to Growth

Source: Public Records

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 $1,653 $28,613 $9,926 $18,687
2024 $1,653 $28,613 $9,926 $18,687
2023 $1,653 $28,844 $9,926 $18,918
2022 $1,733 $23,877 $8,134 $15,743
2021 $1,734 $23,877 $8,134 $15,743
2020 $1,710 $23,870 $8,130 $15,740
2019 $1,658 $20,970 $9,130 $11,840
2018 $1,637 $20,970 $9,130 $11,840
2017 $1,662 $20,970 $9,130 $11,840
2016 $1,664 $20,970 $9,130 $11,840
2015 $1,662 $20,970 $9,130 $11,840
2014 $1,650 $20,970 $9,130 $11,840
2013 $1,684 $21,090 $9,130 $11,960
Source: Public Records

Agents Affiliated with this Home

  • Tim Finn Jr

    Seller's Agent in 2023

    Tim Finn Jr

    RE/MAX

    (330) 322-5833

    2 in this area

    107 Total Sales

    Tim Finn Jr
    Section Image
  • Journey Toole

    Buyer's Agent in 2023

    Journey Toole

    Keller Williams Living

    (440) 935-9793

    5 in this area

    312 Total Sales

    Journey Toole
    Section Image

  • J

    Seller's Agent in 2012

    Jim Camp

    Deleted Agent

    Section Image
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Map

Source: MLS Now

MLS Number: 4484549

MLS Now

APN: 68-37704

Ohio Summit County Akron 44304 Downtown Akron

528 E Buchtel Ave, Akron, OH

Not Listed for Sale

MultiFamily

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