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$540,000
5239870 MLS
Twelve-unit, two-building multifamily in Akron's Middlebury neighborhood, offered at $540,000, or $45,000 per door, with all twelve units occupied. 51 Cotter holds four units and 55 Cotter holds eight, side by side, sharing a rear lot with off-street parking and a detached outbuilding, so a buyer runs the whole position on one drive and one management contract. The mix is ten one-bedrooms, one two-bedroom and a studio. Average in-place rent is $708, while the two units already brought to a modern finish are leased at $800 and $850, which is where the upside comes from and why it does not depend on a market assumption. Wood-frame century buildings with covered porches, bay windows and rear decks. Several units carry newer flooring, cabinetry and tile work, the balance are original and turn cosmetically. Landlord pays water, sewer and trash. In-place NOI runs just over $58,000, roughly a 10.8 percent cap at the ask. Two miles from the University of Akron between the Summa campus and the East End development. Full rent roll, trailing financials and lease detail are available in the Document Center. Reach out for the package and to get on the tour schedule.

51 Cotter Avenue, Akron

Listing Courtesy of: Tal Tamir, tal@premierclevelandinvesting.com With Russell Real Estate Services

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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ program of the Multiple Listing Service of Greater Cincinnati. Real estate listings held by brokerage firms other than our company are marked with the Broker Reciprocity™ logo (the small house as shown to the left) and detailed information about them includes the name of the listing brokers. This data is up-to-date as of . Copyright 2026, MLS of Greater Cincinnati, Inc. All rights reserved. Information deemed reliable but not guaranteed.

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The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of the Dayton Area Board of Realtors® MLS IDX Database. Real estate listings from the Dayton Area Board of Realtors® MLS IDX Database held by brokerage firms other than Purtan Technologies, LLC are marked with the IDX logo and are provided by the Dayton Area Board of Realtors® MLS IDX Database. Information is provided 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. Copyright© 2026 Dayton Area Board of Realtors®