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$570,000 -$30,000 (-5%) Price Reduced

  • For Sale
  • Active
  • Commercial Residential Facility
  • Updated 3 days ago
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Don't miss this rare opportunity to own a fully-operational ten-unit apartment complex in Springfield Township! Each unit features one bedroom and one bathroom, providing a simple and efficient layout that appeals to long-term tenants and investors alike. This property has undergone major recent upgrades including a brand-new septic system (2025), a new water filtration system, new gas lines and freshly snaked drain lines-offering peace of mind and reducing future maintenance costs. All units are separately metered for electric, and the property offers ample on-site parking for tenants. Conveniently located near I-77 and I-76, residents enjoy quick access to downtown Akron, local employers, restaurants, and retail. Highlights: (10) One-bedroom, one-bath units Brand-new septic system (2025) New water filtration system (2025) New Gas Lines (2025) Separately metered electric Ample on-site parking

Full Property Details for 1842 Grace Rd

General

  • Price: $570,000
  • Taxes: $4,803 (2024)
  • Status: Active
  • Type: Commercial Residential Facility
  • Source: 505
  • MLS ID: 5164922
  • Updated: 3/25/2026
  • Added to Site: 155 day(s) ago

Business

  • Business Type: Residential

Location

  • County: Summit
  • Township: Springfield Twp
  • Subdivision: Emmons Small Farms
  • Driving Directions: From I-76, take the Canton Rd exit and head south on Canton Rd. Turn left onto Myersville Rd, then right onto Grace Rd. The property will be on the rig

School Information

  • Elem School District: Springfield LSD Summit- 7713
  • Midd School District: Springfield LSD Summit- 7713
  • High School District: Springfield LSD Summit- 7713

Heating & Cooling

  • Heating Type: Other

Structural Information

  • Current Bldg. Use: Multi-Family
  • Year Built: 1948
  • Year Built Source: Public Records

Lot Features

  • Lot Size (Acres): 0.994
  • Lot Size: .994
  • Lot Size Source: Public Records

Financial Considerations

  • Other Assoc Fees: $1,000
  • Operating Expenses: $34,821
  • Tax Amount: $4,803
  • Tax Year: 2024
  • Terms: Cash, Conventional

Disclosures and Reports

  • Legal Description: EMMONS SMALL FARM LOT 31 ALL GRACE RD
  • Disclosures/Rstr.: Principal is Real Estate Licensed
  • Property ID: 5105920

Listed by Century 21 Carolyn Riley RL. Est. Srvcs, Inc., Justin Decker and Century 21 Carolyn Riley RL. Est. Srvcs, Inc., Mark E Miller

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Listing agents

— 1842 Grace Rd —

  • Justin Decker

    Century 21 Carolyn Riley RL. Est. Srvcs, Inc.

  • Mark E Miller

    Century 21 Carolyn Riley RL. Est. Srvcs, Inc.

330-867-4266, crr.realestate@gmail.com

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1842 Grace Rd

School District:Springfield Local School District, Lakemore, OH
NameGradesDistance
Springfield High School, Akron, OH
1880 Canton Road, Akron, OH 44312
7-120.9 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1842 Grace Rd Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/25/2026
Price Reduced
$570,000
-5%
MLS
10/24/2025
Listed
$600,000
20%
MLS
9/14/2023
Sold
$500,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1842 Grace Rd

Year
Property Taxes
Change
Tax Assessment
Change
2023
$258
-9%
$3,630
—
2022
$285
4%
$3,630
—
2021
$275
22%
$3,630
—
2020
$225
—
$3,630
29%
2019
$225
3%
$2,818
—
2018
$218
—
$2,818
—
2017
$218
8%
$2,818
10%
2016
$201
—
$2,562
—
2015
$201
2%
$2,562
—
2014
$198
12%
$2,562
18%
2013
$177
—
$2,177
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 1842 Grace Rd

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Century 21 Carolyn Riley RL. Est. Srvcs, Inc., Justin Decker and Century 21 Carolyn Riley RL. Est. Srvcs, Inc., Mark E Miller

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1842 Grace Road, Akron, OH 44312 (MLS# 5164922) is a Commercial Residential Facility property. 1842 Grace Road is currently listed for $570,000 and was received on October 24, 2025. Want to learn more about 1842 Grace Road? Do you have questions about finding other Commercial Residential Facility real estate for sale in Akron? You can browse all Akron real estate or contact a Coldwell Banker agent to request more information.

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