Akron, OH 44305,797 E Market ST
Akron, OH 44305,797 E Market ST
Akron, OH 44305,797 E Market ST
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1.63 Acres Lot
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797 E Market ST Akron, OH 44305

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Marrissa Crooks

Marrissa Crooks

+1(740) 238-1662

UPDATED:

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Pending

Purchase Type For Sale

MLS Listing ID 5162500

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1965

Annual Tax Amount $41,819

Tax Year 2024

Lot Size 1.631 Acres

Acres 1.631

Property Sub-Type Apartment

Property Description

Attention Investors, 40-Unit Luxury Apartment Complex with a Mixed-Use Restaurant Tenant. Online Only. ABSOLUTE AUCTION, all sells to the highest bidder online only. ONLINE BIDDING STARTS: MONDAY, NOVEMBER 3, 2025, 12:00 PM, and ENDS: FRIDAY, NOVEMBER 7, 2025, 12:00 PM. For sale is a 40-unit luxury apartment complex, fully furnished, located at 797 E. Market St., Akron, OH 44305. The property features a first-floor restaurant tenant that will remain, with additional commercial space available for development. The auction includes all apartment furnishings but excludes restaurant equipment. Tenants have access to numerous storage units, and the building is equipped with one elevator. Zoned U-3 Residential, this property supports a mix of luxury living and commercial use. Renovation & Condition: Completely refurbished from the roof down in 2020, the building is maintenance-free for years to come. Built in 1965, it underwent major improvements in 2019 and 2020, ensuring long-term durability. Financial & Rental Information: Appraised Value (2019): $5.5 million. Current Occupancy: 60%, transitioning from short-term to long-term rentals. Projected Stabilized Gross Annual Revenue: Exceeds $588,000. Estimated Rental Amounts: 1-bedroom units at $1,000 per month, 2-bedroom units at $1,200 per month (all utilities included by owner). Commercial Space Rent: $9,000 per month (quality common areas for additional entertainment). Additional Features: Includes an additional parking lot, 84 parking spaces. 3-story building with a total size of 66,829 sq. ft., Public utilities, high-end appliances in all units, and accessible common areas. High-end furnishings, electronics, washing machines, and gym equipment. Security system, meeting rooms, and vending available. Convenient location near highways, shopping, hospitals, and restaurants. Potential for Airbnb use with vacant units. The property will be open for viewing on Wednesday, November 5, 2025, from 9:00 AM-12:00 PM.

Location

State OH

County Summit

Community Fitness Center

Rooms

Basement None

Interior

Heating Forced Air, Gas, Hot Water, Steam

Cooling Central Air

Fireplace No

Laundry Coin-operated

Exterior

Parking Features Common, Guest, Lighted, No Garage, On Site, Outside, Paved, Parking Lot, Private, On Street

Fence None

Community Features Fitness Center

Water Access Desc Public

Roof Type Flat

Porch Patio

Building

Sewer Public Sewer

Water Public

Construction Status Updated/Remodeled

Schools

School District Akron Csd - 7701

Others

Tax ID 6764330

Security Features Fire Alarm

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Auction

Northern Ohio Regional MLS (YES-MLS)
Listed by Randy L Compton • Kiko • rcompton@kikocompany.com, 330-704-5702

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES
Elementary Schools 20
  • 5

    King Elementary School

    Public | KG - 5

  • 5

    Findley Community Learning Center

    Public | KG - 5

  • 5

    National Inventors Hall of Fame School, Center for STEM Learning

    Public | 5 - 8

  • 5

    Hill Community Learning Center

    Public | KG - 6

  • 5

    Barber Community Learning Center

    Public | KG - 6

  • 5

    Seiberling Elementary School

    Public | KG - 6

  • 5

    Hatton Clc

    Public | KG - 5

  • 4

    Harris Elementary School

    Public | KG - 5

  • 4

    Firestone Park Elementary School

    Public | KG - 5

  • 4

    McEbright Community Learning Center

    Public | KG - 5

  • 4

    Mason Community Learning Center

    Public | KG - 6

  • 4

    Forest Hill Community Learning Center

    Public | KG - 5

  • 4

    Robinson Community Learning Center

    Public | KG - 6

  • 3

    Voris Community Learning Center

    Public | KG - 5

  • 3

    The Edge Academy

    Public | KG - 5

  • 3

    Glover Community Learning Center

    Public | KG - 5

  • 2

    University Academy

    Public | KG - 8

  • 1

    Leggett Community Learning Center

    Public | KG - 5

  • 1

    Middlebury Academy

    Public | KG - 8

  • 0

    St Mary Elementary School

    Private | KG - 8

Middle Schools 8
  • 3

    Akros Middle School

    Public | 6 - 8

  • 3

    Jennings Community Learning Center

    Public | 6 - 8

  • 1

    East Community Learning Center

    Public | 7 - 12

  • 0

    Akron Opportunity Center

    Public | 6 - 8

  • 0

    Akron Digital Academy

    Public | 6 - 12

  • 0

    Kent Middle School

    Public | 6 - 8

  • 0

    Phoenix School

    Private | 6 - 12

  • 0

    North Akron Catholic School

    Private | 6 - 8

High Schools 9
  • 10

    Akron Early College High School

    Public | 9 - 12

  • 7

    Akron STEM High School

    Public | 9 - 12

  • 5

    North High School

    Public | 9 - 12

  • 1

    Garfield High School

    Public | 9 - 12

  • 0

    Akron Alternative Academy

    Public | 11 - 12

  • 0

    Towpath Trail High School

    Public | 9 - 12

  • 0

    St Vincent-St Mary High School

    Private | 9 - 12

  • 0

    Archbishop Hoban High School

    Private | 9 - 12

  • 0

    Life Skills Center of North Akron

    Public | 9 - 12

School and business data provided by Attom Data.

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Marrissa Crooks

Marrissa Crooks

Agent | License ID: 2016004005

+1(740) 238-1662

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