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1305 Brown St 6 Unit Apartment Building $224,900 ($37,483/Unit) 18.85% Cap Rate Akron, OH 44301
Executive Summary
Owned by same family for 50+ years! This commercial mixed use property features a large storefront with a tenant of 20+ years and 5 large 1-bedroom apartments (one w/a tenant of 15+ years!). All units have separate electric and gas. Commercial space is on it's own water/sewer and apartments are on one. Solid rental history and ready for the next owner.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$50,400
|
$9.87
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$50,400
|
$9.87
|
| Taxes |
$2,672
|
$0.52
|
| Operating Expenses |
$5,340
|
$1.05
|
| Total Expenses |
$8,012
|
$1.57
|
| Net Operating Income |
$42,388
|
$8.30
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $50,400 |
| Annual Per SF | $9.87 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $50,400 |
| Annual Per SF | $9.87 |
| Taxes | |
|---|---|
| Annual | $2,672 |
| Annual Per SF | $0.52 |
| Operating Expenses | |
|---|---|
| Annual | $5,340 |
| Annual Per SF | $1.05 |
| Total Expenses | |
|---|---|
| Annual | $8,012 |
| Annual Per SF | $1.57 |
| Net Operating Income | |
|---|---|
| Annual | $42,388 |
| Annual Per SF | $8.30 |
Property Facts
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Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 67-04077 | Total Assessment | $37,804 (2026) |
| Land Assessment | $6,720 (2026) | Annual Taxes | $2,672 ($0.52/SF) |
| Improvements Assessment | $31,084 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
67-04077
Land Assessment
$6,720 (2026)
Improvements Assessment
$31,084 (2026)
Total Assessment
$37,804 (2026)
Annual Taxes
$2,672 ($0.52/SF)
Tax Year
2025
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1305 Brown St