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243 E Main Street, Alliance, OH 44601

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For Sale

Price On Request

0.4 acres

  • Apartment
    Property type

  • 0.4 acres
    Lot size

  • Over 50 Years Old
    Age

Explore this Property

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.
MLS# 5167684

Courtesy Of richard t. kiko agency, inc.

(330) 453-9187

Property Features

  • Age
    Over 50 Years Old
  • Heating System
    Steam
  • Lot Size
    0.4 Acres

Map and Directions

Directions to 243 E Main Street, Alliance, OH 44601

Home seller CENTURY 21 Lakeside Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Lakeside Realty

(330) 967-0621
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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.