$0/mo

243 E Main Street, Alliance, OH 44601

  • Property Icon Rental
  • Property Year Built Icon Built in 1928
  • Property Lot Size Icon0.4acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 6 days ago

Property Description

Investment Opportunity, Stabilized Apartment Buildings With Incredible Value-Add Opportunity, 43 Total Residential Units, 4 Commercial Units. Offered Separate And Together, Great Income Producing W/ Many Updates. Stark County, Alliance City, Close To The University Of Mount Union. Live Auction With Online Bidding Available. ABSOLUTE AUCTION, all sells to the highest bidders on location. ONLINE BIDDING BEGINS TUESDAY, NOVEMBER 18, 2025, AT 12:00 PM, AND AUCTION LIVE ON-SITE BIDDING WILL BEGIN FRIDAY, NOVEMBER 21, 2025, AT 12:00 PM. We are excited to present an incredible and rare opportunity to own three historic downtown apartment buildings. At current rents and occupancy, the total gross annual income equates to $411,000+. The buildings are stabilized, but leave plenty of value-add opportunities as apartments naturally turn. The projected gross-annual income of all apartments and available commercial space (excluding the City of Alliance’s space) is $600,000+. These well-constructed buildings were converted to apartments in approximately 2005. The buildings are located in the heart of downtown Alliance and close to The University of Mount Union. Owners have taken exceptional care of the buildings and made substantial investments in property improvements. Buy one, two, or all three. Buildings will be offered separately as well as a package deal. Please respect the tenants’ privacy. The buildings will be open on auction day, starting at 10:30 AM. Contact the auctioneer with questions on how to purchase. Check out our website for complete details.

Listing Status:
Active
Listing Office:
Kiko : 330-453-9187
Listing Agent:
Jeff R Kiko : 330-206-1079
MLS ID:
5167684
  • A/C: Central Air
  • Heating: Hot WaterSteam
  • Originating MLS: NOWDD_NORM
  • School District: Alliance CSD - 7601
  • County: Stark
  • Zoning: 608 WH00101690
  • Water: Public
  • Sewer: Public Sewer
  • Source: NOWDD_NORM

This listing courtesy of Jeff R Kiko, Kiko

Location

Schools Nearby

A

Alliance Early Learning School

285 W Oxford St, Alliance, OH, 44601

Grades PK-1

0.53 miles away

A

Alliance Middle School

3205 S Union Ave, Alliance, OH, 44601

Grades 6-10

2.27 miles away

A

Alliance High School

400 Glamorgan St, Alliance, OH, 44601

Grades 9-12

0.87 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.