This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/46
$3,400,000 Just Listed
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/46
Property Description
33 units across Greater Akron, listed at $3.4M, or $103,030 a door. Lease up the four units already under renovation and you are into a 9.3% cap with double-digit cash-on-cash. Push rents to market on turnover from there and it runs to a 10.3% pro forma. This is a stabilized, cash-flowing scattered-site portfolio that hands you double-digit returns once those units fill, not a paper story. The portfolio is 17 single families, 8 duplexes, 6 triplexes, and 2 condos spread across Akron and a few surrounding communities. Every property was fully remodeled in the last five years, with updated electrical and plumbing throughout, many with new furnaces and water tanks, and 6 carrying new roofs. You will see normal tenant wear, but the heavy capital is already in the ground. Ten units are Section 8 today, so a meaningful piece of the rent comes in government-backed and steady. The upside is clean. The four vacant units re-leasing is what carries you to the 9.3% stabilized figure. From there, rents sit about $100 a door under market, and you capture that on natural turnover, with the pro forma pushing cash-on-cash into the 17% range. Ancillary income adds about $6,300 a year on top. A good chunk of these sit in Akron's core rental neighborhoods, with a cluster in Highland Square, the walkable arts district built around the historic Highland Theatre and Mustard Seed Market. Akron runs on healthcare and education, with Summa Health, Cleveland Clinic Akron General, and the University of Akron anchoring steady tenant demand. It is one of the country's most affordable rental markets, about 40 miles south of Cleveland, and that low basis is what makes the yield work. Clean, easy portfolio to run, and a strong double-digit yield play in a stable Midwest market. Request the full financials and dig in.
Full Property Details
Full Property Details for 203 Crosby
General
- Price: $3,400,000
- Taxes: $46,782 (2005)
- Status: Active
- Type: Apartment
- Source: 505
- MLS ID: 5226160
- Updated: 7/9/2026
- Added to Site: 6 day(s) ago
Location
- County: Summit
- Township: Akron
- Driving Directions: Highland Square area, portfolio spread across Akron, Medina, and Cleveland
School Information
- Elem School District: Akron CSD - 7701
- Midd School District: Akron CSD - 7701
- High School District: Akron CSD - 7701
Heating & Cooling
- Heating Type: Other
Structural Information
- # Buildings: 25
- Year Built: 1884
- Year Built Source: Public Records
Lot Features
- Lot Size (Acres): 0.0686
- Lot Size: .0686
- Lot Size Source: Assessor
Financial Considerations
- Tax Amount: $46,782
- Tax Year: 2005
Disclosures and Reports
- Special Conditions: Standard
- Property ID: 6747549
Listed by Russell Real Estate Services, Tal Tamir
Get Pre-Approved Today
Schools
Schools serving 203 Crosby
School District:Akron Public Schools
| Name | Grades | Distance |
|---|---|---|
Portage Path Community Learning Center 55 South Portage Path, Akron, OH 44303 | K-5 | 1.2 mi |
Litchfield Community Learning Center 470 Castle Boulevard, Akron, OH 44313 | 6-8 | 3 mi |
Firestone High School 470 Castle Boulevard, Akron, OH 44313 | 9-12 | 3 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 203 Crosby
Date
Details
Price
Change
Source
7/09/2026
Listed
$3,400,000
—
MLS
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
Tax History for 203 Crosby
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,134
62%
$26,783
—
2023
$1,933
—
$26,783
—
2023
$1,933
84%
$26,780
83%
2022
$1,049
—
$14,600
—
2021
$1,045
444%
$14,600
—
2020
$192
—
$14,600
39%
2019
$192
1%
$10,511
—
2018
$191
1%
$10,511
—
2017
$190
-7%
$10,511
-2%
2016
$205
—
$10,679
—
2015
$205
1%
$10,679
—
2014
$203
—
$10,679
—
2013
$203
—
$10,707
—
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
Estimate the Cost for 203 Crosby
203 Crosby, Akron, OH 44303 (MLS# 5226160) is a Apartment property. 203 Crosby is currently listed for $3,400,000 and was received on July 09, 2026. Want to learn more about 203 Crosby? Do you have questions about finding other Apartment real estate for sale in Akron? You can browse all Akron real estate or contact a Coldwell Banker agent to request more information.

