
Deal summary
5 bed · 3 bath · 1356 sqft · built 1910 · Summit County
10 IVAN PL — AKRON, OH 44304 · UNIVERSITY PARK County-classified 3-family directly across from Summa Health and walking distance to the University of Akron — a full-gut value-add with triplex income upside and standout assemblage position. ~1,356 sq ft, 2-story, built 1910. Ask: $35,000 · Cash · AS-IS ARV: $175,000–$210,000 Est. Rehab: $120,000 (full gut — structure, systems, kitchens/baths, restore to legal 3-unit) All-In: ~$155,000 → ~75% of ARV (BRRRR / value-add) Rent Potential: 3 × $850–950 = $2,550–2,850/mo stabilized COMPARABLE SUPPORT 539 Kling St, 44311 — 3bd/3ba multi, 1,966 sf — $185,000 (active) 543 E Buchtel Ave, 44304 — 3-unit near Summa/U of Akron — active Akron multi-family — average sale $198,971, 35 days on market (Apr 2026) 403 Crouse St, 44311 — 1,706 sf multi — $125,000 sold 3/25/26 (as-is) 277 Fountain St, 44306 — 1,829 sf multi — $125,000 sold 12/8/25 (as-is) Income approach: ~$22,950–25,650 NOI at an 11–12% cap = $191K–$214K LOCATION / UPSIDE Directly across from Summa Health, walking distance to the University of Akron — steady student and medical-employment rental demand. Sits on the named eastern boundary of Akron's 2023 East Market Street redevelopment a
ARV $195,000 · est. rehab $100,000