594-598 Blaine Avenue Akron, OH 44310

Commercial - Business MLS 5161392 Sold
Closed 614500
  • 594-598 Blaine Avenue , Akron, OH 44310 Photo 1
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Listed By

Agency Name: Home Equity Realty Group
Agency Phone: 330-952-2244

Shown By

Agent Name: Karen Fitzpatrick
Agent Phone:
Agency Title: Cutler Real Estate

Contact Karen Fitzpatrick About This Property

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Property Description

Outstanding fully renovated investment opportunity in Akron, Ohio, delivering both immediate stability and strong upside potential. This 7-unit property package has undergone over $250,000 in recent capital improvements, including new mechanicals, water heaters, plumbing, roof, windows, electrical systems, and refreshed interiors. With the heavy lifting already completed, investors can step directly into a stabilized, turnkey asset poised for consistent performance. Significant value-add potential remains, with the ability to convert 1-bedroom units into 2-bedrooms through minimal construction and renovation, offering a clear path to increasing NOI. Situated in a strategic Akron location near major employers, schools, retail, and transit, the property is well positioned to maintain strong occupancy while capturing long-term growth. This represents a rare chance to acquire a fully updated, income-producing property with both immediate cash flow and additional upside! Investment analysis and financials available upon request!

Property Features

Property Type: Commercial - Business
Basement: Yes
Days on Market: 212
Heating: Radiator(s)
Lot Size: 0.32 Acres
Taxes: $5,290 / year
Year Built: 1924

Feature Descriptions

Parcel#: 6849194
Parking: Additional Parking, Direct Access, Detached, Garage
Parking Notes: Additional Parking, Direct Access, Detached, Garage
Units: 7
Water: Public

Local Schools

School District: Akron City

Demographics

Summit County Demographic Information for
Fips
Fips Code 39153
Population
2020 to 2025 Change down 0.4%
2010 Count 541,781
2020 Count 540,428
2025 Estimate (V2025) 538,376
2020 Estimate (V2025) 540,429
Age Distribution (Years Old)
0 to 4 5.2%
5 to 17 20.4%
18 to 64 54.2%
65 and Older 20.2%
Gender
Male 48.7%
Female 51.3%
Place of Birth
Foreign 6.0%
US 94.0%
Education
High School Graduate, Age 25+ 92.8%
Bachelor's Degree or Higher, Age 25+ 35.8%
Computer and Internet use
Households with a computer 95.4%
Households with a broadband Internet subscription 91.6%
Language
English is Second Language, Age 5+ 7.3%
English is First Language, Age 5+ 92.7%
Veterans
Veterans 25,976
Income
Per Capita Income $43,061
Median Household Income $71,622
People in Poverty 13.3%
Commute
Average Work Commute Time 24 minutes
Housing
Total Housing Units 247,173
Households 231,267
Average Household Size 2.29
Owner-Occupied 67.5%
Multi-Family 22.4%
Owner-Occupied Median Value $208,700
Median selected monthly owner costs -with a mortgage $1,470
Median selected monthly owner costs -without a mortgage $599
Median gross rent $1,026
Building Permits
New Private Housing Issued 2024 1,082
Years at Residence
1 Year or More 88.9%
Less Than 1 Year 11.1%
Business and Employment
Private non-farm Establishments 13,309
Private non-farm Employment 249,827
Private non-farm Employment Growth down 0.8%
Nonemployer Establishments 43,820
Number of Firms 9,566
Business Production
Value of Shipments $9,410,730,000
Wholesale Trade $9,120,214,000
Retail Trade $8,582,177,000
Retail Sales Per Capita $15,606
Accommodation and Food Services $1,190,062,000
Land
Land Area 412.75 sq. miles
Population Per Square Mile 1,313

Source: US Census Bureau

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