594-598 Blaine Avenue

Akron, OH 44310

Opportunity to acquire a fully occupied, turnkey multifamily portfolio in the heart of Akron, Ohio. Located at 594 & 598 Blaine Avenue, this package consists of a 2-unit duplex and a 5-unit apartment building, both fully renovated in 2023 with updated interiors, exteriors, plumbing, electrical, and more. The property offers strong in-place cash flow and immediate value-add potential. 594 Blaine Avenue (Duplex) - 1-bedroom/1-bath lower unit and 3-bedroom/1-bath upper unit. Detached 2-car garage. 598 Blaine Avenue (5-Unit Apartment Building) - Five 1-bedroom/1-bath units. Coin-operated laundry for additional income. Detached 6-car garage. 2024 Total Annual Income: $76,102. Cap rate 7.5%. Fully leased, including three tenants on AMHA housing vouchers. Value-Add Opportunities - Lower Utility Costs: Seller to eliminate boiler at 598 Blaine and replace with electric baseboard heating prior to closing—shifting heat/electric responsibility to tenants and reducing owner expenses. Garage Income: Potential to monetize 8 total garage spaces by charging tenants for parking/storage. Laundry Expansion: Opportunity to install another set of coin-operated laundry to increase ancillary income. Unit Upside: Four of the five 1-bedroom units at 598 Blaine can be easily reconfigured into 2-bedroom units to boost rental income. This asset is well-positioned for investors seeking a low-maintenance, cash-flowing portfolio with upside. Whether you're expanding an existing portfolio or entering the multifamily space, 594–598 Blaine Ave offers both stability and potential in a growing rental market.

Listing courtesy of Vince Senauskas of Gentile Real Estate LLC



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