Property Description

This renovated and updated home is located in a walkable neighborhood just a few steps from The University of Akron and surrounding downtown areas. The recent renovations include, roofing, a new kitchen, new bathrooms, 1st floor laundry and flooring throughout. The layout is perfect for short term rentals or college rentals because it offers tenant comfortable common spaces and secure bedroom suites with private bathrooms. This home doesn't fall in the typical box, you have a single family home with 4 bedrooms, each with their own bathroom, rented out monthly or longer. All suites are currently occupied with first floor suites renting $625/month and two, larger second floor suites renting for $725/month. Whether you are looking for student housing, individual rental rooms or something else, this property is printing over $2600 every month.

481 Sherman Street | MLS# 5196832

This multi-family property located at 481 Sherman Street, Akron, OH 44311 is currently listed for sale by Cutler Real Estate, with an asking price of $192,500. Sherman Street is located within the Akron City school district. Search Akron real estate on 7030hanbysloop.cutlerhomes.com today.

Property Features

Property Type: Multi Unit - Multiple

Basement: Yes

Basement: Common Basement

Cooling: None

Heating: Forced Air, Gas

Lot Size: 0.12 Acres

Roof Type: Asphalt, Fiberglass

Stories: 2.0

Taxes: $2,808 / year

Year Built: 1894

Feature Descriptions

Exterior: Frame, Wood Siding

Parcel#: 6827639

Parking: Driveway, Gravel, No Garage, Off Street, On Street

Sewer: Public Sewer

Water: Public

Local Schools

School District: Akron City

Demographics

Summit County Demographic Information for 481 Sherman Street, Akron, OH 44311

Fips

Fips Code 39153

Population

2020 to 2025 Change down 0.4%

2010 Count 541,781

2020 Count 540,428

2025 Estimate (V2025) 538,376

2020 Estimate (V2025) 540,429

Age Distribution (Years Old)

0 to 4 5.2%

5 to 17 20.4%

18 to 64 54.2%

65 and Older 20.2%

Gender

Male 48.7%

Female 51.3%

Place of Birth

Foreign 6.0%

US 94.0%

Education

High School Graduate, Age 25+ 92.8%

Bachelor's Degree or Higher, Age 25+ 35.8%

Computer and Internet use

Households with a computer 95.4%

Households with a broadband Internet subscription 91.6%

Language

English is Second Language, Age 5+ 7.3%

English is First Language, Age 5+ 92.7%

Veterans

Veterans 25,976

Income

Per Capita Income $43,061

Median Household Income $71,622

People in Poverty 13.3%

Commute

Average Work Commute Time 24 minutes

Housing

Total Housing Units 247,173

Households 231,267

Average Household Size 2.29

Owner-Occupied 67.5%

Multi-Family 22.4%

Owner-Occupied Median Value $208,700

Median selected monthly owner costs -with a mortgage $1,470

Median selected monthly owner costs -without a mortgage $599

Median gross rent $1,026

Building Permits

New Private Housing Issued 2024 1,082

Years at Residence

1 Year or More 88.9%

Less Than 1 Year 11.1%

Business and Employment

Private non-farm Establishments 13,309

Private non-farm Employment 249,827

Private non-farm Employment Growth down 0.8%

Nonemployer Establishments 43,820

Number of Firms 9,566

Business Production

Value of Shipments $9,410,730,000

Wholesale Trade $9,120,214,000

Retail Trade $8,582,177,000

Retail Sales Per Capita $15,606

Accommodation and Food Services $1,190,062,000

Land

Land Area 412.75 sq. miles

Population Per Square Mile 1,313

Source: US Census Bureau

Estimate Your Payment

Estimated Payment

$ 1,268.60 per month $978.45 Principal & Interest $234.00 Property Tax $56.15 Homeowner's Insurance

Change Payment Information

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481 Sherman StreetAkron, OH 44311