OH
Summit
Akron
44304
298 Torrey Street
298 Torrey Street, Akron, OH 44304
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Listing Type
Multi Family
Listing Status
active
17
$1,400,000

Home Details for 298 Torrey Street

Price
$1,400,000
Type
Residential Income
Bedrooms
9
Bathrooms
9.0
Square feet
NaN
Year built
1894
Lot size acres
0.0606
County
Summit
Garage
Basement
Full
Days on site
24
MLS Listing#
5152591
Property Description

Great investment opportunity at University Akron in a PRIME LOCATION!! The package is 10 properties (1 four unit- 2 bed 1 bath each, 4 duplexes, and 5 single family) all located on Torrey St, one block from E. Exchange behind The Edge building, a 5 minute walk to the center of campus. All of the properties have new roofs in 2020, vinyl windows, updated electric (no knob and tube), updated plumbing (no galvanized), newer flooring, light fixtures, and have recently been leased for the 25-26 school year, with all leases expiring at the end of July 2026. The location and condition makes leasing much easier than most other options. The properties have a combined 49 bedrooms and 21 bathrooms. Annual gross rents $207,240, Utilities (landlord pays utilities except internet) $49,368, Insurance $10,632, Property Taxes $20,568, NOI $126,672- 9% Cap Rate. There is opportunity to add value through leasing additional bedrooms, changing to section 8 tenants, and not paying utilities on the next round of leasing.

Property Features
  • Heating Information
    • Natural Gas
    • Forced Air
  • Parking
    • Common
    • Driveway
  • Cooling Information
    • Window Unit(s)
  • Water Features
    • Public
  • Basement
    • Full
Listing Courtesy: Keller Williams Chervenic Rlty - 330-686-1644
The information being provided is 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. Listing information provided courtesy of the Northern Ohio Regional Multiple Listing Service.
Last Updated: 2025-09-08 09:30:38
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Median Listing Price
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Median Square Feet
Market statistics compiled from data from YES MLS.
EXIT RIVERBEND REALTY
220 Main St, Belpre, OH 45714
Jim Richards
CA BRE: #: WVS180300267
License #: sal.2019007897
Sales Representative
Office
740 860 3555
Agent
304 210 7379
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