Commercial Real Estate for Sale at 594-598 Blaine Avenue in Akron, OH for $645,000

Listing data last changed 8/22/2025
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594-598 Blaine Avenue | Akron

$645,000 | 0.0 Sq. Ft.

Opportunity to acquire a fully occupied, turnkey multifamily portfolio in the heart of Akron, Ohio. Located at 594 \u0026 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. Seller is installing new boiler at 598 Blaine Aug 2025. \r\n\r\n594 Blaine Avenue (Duplex) -\r\n1-bedroom/1-bath lower unit and 3-bedroom/1-bath upper unit.\r\nDetached 2-car garage.\r\n\r\n598 Blaine Avenue (5-Unit Apartment Building) -\r\nFive 1-bedroom/1-bath units.\r\nCoin-operated laundry for additional income.\r\nDetached 6-car garage.\r\n\r\n2024 Total Annual Income: $76,102. Cap rate 7.5%. \r\nFully leased, including two tenants on AMHA housing vouchers.\r\n\r\nValue-Add Opportunities -\r\nGarage Income: Potential to monetize 8 total garage spaces by charging tenants for parking/storage.\r\nLaundry Expansion: Opportunity to install another set of coin-operated laundry to increase ancillary income.\r\nUnit Upside: Four of the five 1-bedroom units at 598 Blaine can be easily reconfigured into 2-bedroom units to boost rental income.\r\n\r\nThis asset is well-positioned for investors seeking a low-maintenance, cash-flowing portfolio with upside. Whether you\u0027re expanding an existing portfolio or entering the multifamily space, 594\u2013598 Blaine Ave offers both stability and potential in a growing rental market. MLSNow 5128121

Directions to property: E Tallmadge to Blaine

MLS Listing ID: 
MLSNow 5128121
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Status (Local): 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$645,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Property Sub Type: 
Apartment
Primary Market Area: 
Akron
Address: 
594-598 Blaine Avenue, Akron, OH 44310
County: 
Summit
Latitude: 
41.1014710
Longitude: 
-81.5125610
Directions: 
E Tallmadge to Blaine
Public Remarks: 
Opportunity to acquire a fully occupied, turnkey multifamily portfolio in the heart of Akron, Ohio. Located at 594 \u0026 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. Seller is installing new boiler at 598 Blaine Aug 2025. \r\n\r\n594 Blaine Avenue (Duplex) -\r\n1-bedroom/1-bath lower unit and 3-bedroom/1-bath upper unit.\r\nDetached 2-car garage.\r\n\r\n598 Blaine Avenue (5-Unit Apartment Building) -\r\nFive 1-bedroom/1-bath units.\r\nCoin-operated laundry for additional income.\r\nDetached 6-car garage.\r\n\r\n2024 Total Annual Income: $76,102. Cap rate 7.5%. \r\nFully leased, including two tenants on AMHA housing vouchers.\r\n\r\nValue-Add Opportunities -\r\nGarage Income: Potential to monetize 8 total garage spaces by charging tenants for parking/storage.\r\nLaundry Expansion: Opportunity to install another set of coin-operated laundry to increase ancillary income.\r\nUnit Upside: Four of the five 1-bedroom units at 598 Blaine can be easily reconfigured into 2-bedroom units to boost rental income.\r\n\r\nThis asset is well-positioned for investors seeking a low-maintenance, cash-flowing portfolio with upside. Whether you\u0027re expanding an existing portfolio or entering the multifamily space, 594\u2013598 Blaine Ave offers both stability and potential in a growing rental market.
Community Information
School District: 
Akron CSD - 7701
Subdivision: 
O B York Allotment
Building Details
Details about the building on a property.
Year Built: 
1924
Living Area: 
0.0
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
0
Total Full-Bathrooms: 
0
Total Half-Bathrooms: 
0
Total One-Quarter-Bathrooms: 
0
Total Three-Quarter-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Electric,Forced Air,Gas
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.32
Lot Size (Area): 
0.32
Public Record
Parcel Number: 
6849194
Annual Tax: 
$5,100.00
Contract Details
Details about the listing contract.
Possession: 
Delivery Of Deed
Disclosures: 
Principal is Real Estate Licensed
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Agent Name: 
Vince Senauskas
Listing Office Name: 
Gentile Real Estate LLC

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