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406 Sumner St
Akron, OH 44304 Downtown Akron

Price Upon Request

Apartments For Sale  •  31,416 SF

Property Details

  • Property Type Apartments
  • Total Building Size 31,416 SF
  • Lot Size 0.74 AC
  • Building Class C
  • Year Built 1994
  • Zoning C
50 Transit Score
70 Walk Score

Highlights

Owned and self-managed by out of town partnership
Strong value-add opportunity featuring 1994 construction steps away from University of Akron and Downtown
Currently 88% occupied despite 95% market occupancy
Nearly all units renovated with luxury vinyl plank flooring, new white appliances, and bathroom vanities
U of Akron features nearly 15,000 students & 1,800+ employees with the #1 ranked Polymer Science & Polymer Engineering programs
1.5 miles from 3 major hospitals – Summa Health (6,200 employees), Akron Children’s Hospital (5,400) and Cleveland Clinic Akron (4,500)

Financial Summary (Proforma)

Net Operating Income: $202,732 USD (2026)
Total Expenses: $244,076 USD

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Cable Ready
  • Dishwasher
  • Disposal
  • Laundry Facilities
  • Microwave
  • Tenant Controlled HVAC
  • Smoke Free
  • Kitchen
  • High Speed Internet Access
  • Range
  • Tub/Shower
  • Breakfast Nook
  • Vinyl Flooring
  • Walk-Up
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
6 min - 1.7 mi
12 min - 4.8 mi
AirportDriveWalkDistance
Akron-Canton Regional 20 min - 13.6 mi
Cleveland-Hopkins International 56 min - 40.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 40
Type: Surface
Included in Rent: Yes
Michael Barron 216-264-2048 Institutional Property Advisors
Michael Barron 216-264-2048 Institutional Property Advisors