Akron Multifamily Buyer
Sell Your Commercial Property In Akron, OH
Own a commercial apartment building of five or more units in Akron? We purchase multifamily properties around Highland Square, Cuyahoga Falls, and the rest of Summit County, and we review every deal against a clear buy box.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Akron Submarkets: Highland Square · Cuyahoga Falls · Barberton · Stow — Summit County, OH
Why Akron
Why We Buy Multifamily In Akron
Akron is split almost evenly between owners and renters. The Census Bureau's 2020–2024 American Community Survey counts 41,805 renter households out of 84,734 occupied homes, a 49.3% renter share, with a median gross rent of $955 and a median household income of $48,076. Half of renter households, 49.9%, spend 30% or more of income on rent.
Two local costs shape what an apartment building is worth here. The Akron City–Akron City School District carries a tax year 2025 commercial effective rate of 92.92 mills, according to the Summit County Fiscal Office, about 3.25% of market value a year. And the city requires every rental unit to register each year at $25 per unit, capped at $2,500, on top of county registration.
39,363 registered rental units
Akron's city rental registry counted 39,363 units held by 4,000 owners in 2023, up from 30,694 units in 2010, showing a large and growing pool of registered rentals.HUD rents above the city median
HUD's FY2026 two-bedroom Fair Market Rent for the Akron metro is $1,268, about $313 above Akron's $955 median gross rent in the ACS 2020–2024.Large complexes in the mix
Akron has 6,274 homes in complexes of 50 or more units and 17,251 in buildings of five or more units, 18.4% of the city's 93,741 housing units.Our Buy Box
What We Buy In Akron
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
Local Market Data
Akron Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Akron
Akron has 189,247 residents in the ACS 2020–2024 estimates. Of 84,734 occupied homes, 42,929 are owner-occupied and 41,805 are rented, a 49.3% renter share. The median household income is $48,076, above Cleveland's $40,801, but rent burden is just as heavy: 20,846 renter households, 49.9%, spend 30% or more of income on rent, and 11,149, or 26.7%, spend half or more.
The city's own records show how large the rental market is. Akron's rental registry counted 39,363 registered units held by 4,000 owners in 2023, up from 30,694 units in 2010 and 36,319 in 2020. That is a 28% rise in registered units since 2010, while the number of registered owners grew only from 3,602 to 4,000, so the average owner now files for more units than before. For a seller, it also means buyers can check a building's registration history with the city.
Rents and affordability
The Census median of $955 includes utilities and averages five years of leases. HUD's FY2026 Fair Market Rents for the Akron, OH MSA set voucher payment standards:
| Unit size | HUD FY2026 FMR, Akron MSA |
|---|---|
| Efficiency | $904 |
| One-bedroom | $985 |
| Two-bedroom | $1,268 |
| Three-bedroom | $1,547 |
| Four-bedroom | $1,681 |
The two-bedroom FMR is about $313 above the city's median gross rent. For buildings that take vouchers, that is the practical rent ceiling, and for market-rate units it shows where new leases can price once older ones turn. A household paying the $955 median needs about $38,200 a year to keep rent at 30% of income, against a citywide median household income of $48,076, so many renters have limited room for increases.
The apartment stock
Akron's median year built is 1954. Of 93,741 housing units, 63,239 are single-family detached, 3,079 attached, 6,008 in duplexes and 3,767 in three- and four-unit buildings. Buildings with five or more units hold 17,251 homes, 18.4% of the total: 3,701 in buildings of five to nine units, 3,793 in buildings of 10 to 19, 3,483 in buildings of 20 to 49, and 6,274 in complexes of 50 or more. Since registered rental units (39,363) far exceed the five-plus stock, many Akron renters live in houses and small buildings, which compete with apartments on price.
Property taxes on apartment buildings in Summit County
The Summit County Fiscal Office sets market value, and Ohio taxes 35% of it. Apartments with four or more units are commercial property under Ohio's land-use codes, so the 10% rollback for homes does not apply. The tax year 2025 rate sheet shows a wide spread across the county:
- Akron City–Akron CSD: full rate 117.04 mills; commercial effective 92.92 mills (about 3.25% of market value); residential 68.88.
- Cuyahoga Falls City–Cuyahoga Falls CSD: commercial effective 75.65 mills, about 2.65%.
- Stow City–Stow-Munroe Falls CSD: commercial effective 65.59 mills, about 2.30%.
- Barberton City–Barberton CSD: commercial effective 63.27 mills, about 2.21%.
On a $1.5 million building, Akron's rate works out to about $48,800 a year, against about $39,700 in Cuyahoga Falls and $34,400 in Stow. Within Akron, the commercial rate runs 24.04 mills above the residential rate, the cost of Ohio's commercial class for apartments. Ohio resets values with a six-year reappraisal and three-year update, and Board of Revision complaints are due by March 31 under ORC 5715.19. Since March 2026, school boards can only file counter-complaints rather than start their own value challenges after a sale. The 2025–26 laws, including House Bill 186, may also change future reduction factors.
Landlord rules and local compliance
- Rent control: ORC 5321.19 bars it statewide.
- City registration: Akron's ordinance, passed in 1996, requires every rental unit not occupied by its owner to register annually by January 31 at $25 per unit, with a $2,500 maximum and a $25 late fee. Failing to register is a Housing Code violation.
- County registration: owners must also file with the Summit County Fiscal Office under ORC 5323.02; there is no fee, but non-compliance can bring a special assessment of $50 to $150.
- Deposits: under ORC 5321.16, deposits above the greater of $50 or one month's rent earn 5% interest after six months, with itemized deductions due within 30 days; wrongful withholding can cost double plus attorney fees if the tenant left a written forwarding address.
- Transfer: Summit County's conveyance fee is $4 per $1,000 of sale price plus $0.50 per lot, about $6,000 on a $1.5 million sale.
What this means if you own a building here
Akron buildings trade against two numbers: rents that sit well below HUD's metro FMRs and a commercial tax rate well above nearby suburbs. A buyer will start from trailing net operating income, check that city and county registrations are current, and compare your tax bill with buildings in Cuyahoga Falls or Stow. Keeping registration receipts and a current rent roll ready shortens that review.
Skyline buys 5+ unit buildings in Akron, including Highland Square, and in Cuyahoga Falls, Barberton and Stow. Try the cap rate calculator or start at sell my apartment building.
Good To Know
Akron Seller Checklist
If you want to sell commercial property in Akron, OH, these points drive how we price the building.
More about selling in Ohio →Investing in Akron? See apartment syndications in Akron →
- Apartments with four or more units are taxed as commercial property in Ohio; the Akron City–Akron CSD commercial effective rate for tax year 2025 is 92.92 mills, versus 68.88 for homes.
- Akron requires annual rental registration by January 31 at $25 per unit, with a $2,500 maximum and a $25 late fee; failing to register is a Housing Code violation.
- Summit County charges a conveyance fee of $4 per $1,000 of sale price plus $0.50 per lot, about $6,000 on a $1.5 million building.
- Suburban tax rates are far lower: Barberton's commercial effective rate is 63.27 mills and Stow's 65.59, so a buyer comparing locations will see the difference in net income.
Seller Guides
Akron Seller Situations
Learn More
Taxes & Rules For Akron Property
The Ohio rules that shape any deal in Akron: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Akron Seller FAQ
What is the average rent in Akron, Ohio?
The Census Bureau's ACS 2020–2024 five-year estimate puts Akron's median gross rent, which includes utilities, at $955 a month. HUD's FY2026 Fair Market Rents for the Akron metro are $904 for an efficiency, $985 for a one-bedroom, $1,268 for a two-bedroom, $1,547 for a three-bedroom and $1,681 for a four-bedroom.
What is the property tax rate on apartment buildings in Akron?
For tax year 2025, collected in 2026, the Akron City–Akron City School District has a full rate of 117.04 mills. After reduction factors, the commercial effective rate, which applies to apartments with four or more units, is 92.92 mills and the residential rate is 68.88 mills. Applied to Ohio's 35% assessment, the commercial rate equals about 3.25% of market value a year.
Does Akron have rent control?
No. Ohio Revised Code 5321.19 bars cities from rent control or rent stabilization. Akron does require every rental unit to be registered with the city's Housing Division by January 31 each year, at $25 per unit with a $2,500 maximum, and owners must also register with the Summit County Fiscal Office under state law.
What share of Akron households rent?
According to the ACS 2020–2024 estimates, 41,805 of Akron's 84,734 occupied homes are renter-occupied, or 49.3%. About 49.9% of renter households spend 30% or more of income on rent and 26.7% spend half or more. The city's own registry counted 39,363 registered rental units in 2023.
Is now a good time to sell an apartment building in Akron?
It depends on the building. HUD's FY2026 two-bedroom FMR of $1,268 is about $313 above the city's median gross rent, which supports rents for voucher-friendly buildings. On the cost side, Akron's commercial tax rate of about 3.25% of market value is higher than in nearby suburbs, so buyers will look closely at the tax line and the county value.
Do I need to fix up my Akron building before selling?
No. We price in deferred maintenance, vacancy, and below-market rents ourselves, so you can sell the property as it stands.
How does a sale to you work in Summit County?
Send the address, unit count, and any financials. We give feedback, then a written letter of intent if it fits, followed by diligence and a closing date that works for you.
Who buys occupied rental property in Akron?
We do. Skyline Capital Investments is a commercial real estate buyer of 5+ unit multifamily, and we buy apartment buildings with tenants in place, including properties with below-market rents.
What do I need to sell my apartment building in Akron?
An address and unit count are enough to start. A current rent roll and trailing twelve-month statement let us move to a written offer faster.
Submit A Deal
Have A Property In Akron?
To sell commercial property in Akron, OH without listing it, share a few details below.
Send the address, unit count, and asking price if you have one. We keep every conversation confidential.
