- 1948
- year built
- Status:
- Active
- MLS #:
- 5246089
- Neighborhood:
- Emmons Small Farms
- County:
- Summit
- Listed By:
- Justin Decker - Catalyst Realty Group, LLC
- Agent Phone:
- (330) 203-7327
- Agent Email:
- justin@catalystrealtors.com
Sponsoring Broker: Derek Eisenberg, Continental Real Estate Group, Inc
Excellent investment opportunity in Akron! This 10-unit multifamily property features ten one-bedroom, one-bath units and is currently 90% occupied, with an accepted applicant for the remaining vacant unit. Each unit is equipped with its own mini-split heating and cooling system, providing efficient individual climate control. Significant improvements include a new septic system installed in 2025 at a cost of approximately $75,000, along with a durable metal roof. The property is serviced by well water and offers plenty of convenient on-site parking. Tenants are responsible for their own gas and electric, with the exception of Unit 1. Because Unit 1's electric service currently powers the property's well and septic systems, electricity for that unit is included in the rent. The property is professionally managed by CRPM, providing an established management structure already familiar with the property, tenants, and day-to-day operations. CRPM is happy to continue providing professional management services for the new owner, offering the opportunity for a seamless transition following closing. With strong existing occupancy, an accepted applicant for the remaining unit, major infrastructure improvements already completed, and professional management already in place, this property presents an attractive opportunity for an investor looking to add a stabilized multifamily asset to their portfolio.
Highlights
- Commercial Sale
- Apartment
- Built in 1948
- 0.994 Acre Lot
- 55 days on Market
-
- Year Built
- 1948
-
- Stories
- 1.0
-
- Parking Features
- Off Street, On Site, Direct Access
-
- Cooling
- Ductless
-
- Heating
- Heat Pump
-
- Basement
- None
-
- Acres
- 0.994
-
- Water
- Well
-
- County
- Summit
-
- City
- Akron
-
- Neighborhood
- Emmons Small Farms
-
- Zip Code
- 44312
-
Nearby Schools
-
53out of 100
-
46out of 100
-
54out of 100
-
54out of 100
-
72out of 100
-
49out of 100
-
51out of 100
-
56out of 100
-
53out of 100
-
99out of 100
Disclaimer: ez Home Search School Ratings are on a scale of 1-100 and represent our evaluation of school quality based on academic performance, school resources, community feedback, and demographic factors. School attendance boundaries are for reference only. Contact the school directly to verify enrollment eligibility.
-
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Price History
| 09/18/2026 | Listed | $505,000 |
| Source: MLS Now #5246089 | ||
| 10/24/2025 | Off Market | — |
| Source: MLS Now #5164922 | ||
Source: MLS Data
Deed History
| 09/19/2023 | Warranty Deed | $500,000 |
| 09/12/2022 | Warranty Deed | $402,500 |
| 10/03/2019 | Warranty Deed | $0 |
| 12/29/2011 | Intrafamily Transfer - Transaction is between related parties for any reason & no consideration. | $0 |
| 09/18/2006 | Warranty Deed | $165,000 |
| 04/04/2006 | Land Contract | $165,000 |
| 10/14/1994 | Deed | $85,000 |
Source: Public records via Constellation Data Labs
Mortgage History
| 09/19/2023 | Building or Construction Loan | $462,981 |
| 09/12/2022 | Open End with Future Advance Clause / Open End Mortgage | $322,000 |
| 10/03/2019 | Commercial | $366,645 |
| 09/18/2006 | Commercial | $144,400 |
| 04/04/2006 | Seller Carryback / Seller Financing / Seller take-back | $145,000 |
Source: Public records via Constellation Data Labs
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There are currently 848 properties available in Akron, with 64 under contract to close soon. Properties in the city have an average sale price of $157,718 and typically spend 65 days on the market before being sold.
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Source: ez Home Search, MLS Data
Frequently Asked Questions
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How do I get more information about 1842 Grace Rd?
Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $505,000. We can talk through recent upgrades, potential seller motivation, how this apartment compares to others in Akron, and can even get you in to see the property quickly.
How much is the monthly mortgage payment for 1842 Grace Rd?
With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 1842 Grace Rd at around $3,281. This includes estimated property taxes and insurance.
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Can I negotiate the asking price for 1842 Grace Rd?
In most cases, yes. Whether 1842 Grace Rd is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Akron's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.
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How long has this property been on the market?
1842 Grace Rd was listed on September 18, 2026, which means it's been on the market for 55 days.
Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.
When was this house built?
This home was built in 1948, making it approximately 78 years old.
What is the lot size of this property?
1842 Grace Rd sits on a 0.99-acre lot, which is 43,124 square feet.
What are the property taxes for 1842 Grace Rd?
The most recent public record shows annual property taxes for 1842 Grace Rd were approximately $4,882. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.
Is 1842 Grace Rd still available for sale?
Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.
Source: ez Home Search, MLS Data
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Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Copyright 2026, MLS Now. All rights reserved.
Last Updated: November 12, 2026 at 12:47AM | Source: MLS Now | MLS#: 5246089
