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237-243 Furnace St
Akron, OH 44304
Multifamily Property For Sale
·
70 Units
Investment Highlights
- Partially complete mixed-use redevelopment project, majority complete; 24+ apartments remain for development
- Ground floor levels across the site provide excellent floor plates and unique features ideal for additional amenities (restaurant, garage parking, etc
- Conditional zoning approval for general commercial, residential and food service.
- Six (6) existing commercial tenants, rental upside in half of the currently leased spaces and two (2) additional spaces available for lease.
- Tax Incentives: City of Akron – 15-year residential tax abatement.
- Existing on-site amenities include on-site parking, Soap Factory Social club, Rubber City Theatre, exterior patio, meeting spaces and outdoor space
Property Facts
| No. Units | 70 | Construction Status | Under Construction |
| Property Type | Multifamily | Building Size | 60,806 SF |
| Property Subtype | Apartment | No. Stories | 7 |
| Apartment Style | Mid-Rise | Year Built | 2026 |
| Building Class | B | Parking Ratio | 1.34/1,000 SF |
| Lot Size | 3.14 AC | ||
| Zoning | MF - Apartments | ||
| No. Units | 70 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 3.14 AC |
| Construction Status | Under Construction |
| Building Size | 60,806 SF |
| No. Stories | 7 |
| Year Built | 2026 |
| Parking Ratio | 1.34/1,000 SF |
| Zoning | MF - Apartments |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Tub/Shower
- Smoke Free
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Property Taxes
| Parcel Numbers | Improvements Assessment | $89,359 | |
| Land Assessment | $61,731 | Total Assessment | $151,090 |
Property Taxes
Parcel Numbers
Land Assessment
$61,731
Improvements Assessment
$89,359
Total Assessment
$151,090
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