2220 High Street

Cuyahoga Falls, OH 44221

378

Units

1973

BUILT

Property Description

Portage Towers is a 378-unit apartment community ideally located in Cuyahoga Falls, Ohio, approximately five miles north of downtown Akron. Situated on 9.95 acres, the property was originally constructed in 1973 and features two impressive nine-story, steel-reinforced concrete buildings with attractive brick exteriors and flat roofs.

The community offers an abundant parking ratio with a two-story sublevel parking structure providing 172 spaces, complemented by 384 surface spaces, for a total of 556 parking spaces.

Portage Towers is designed for comfort and functionality, with unit interiors featuring fully equipped kitchens with refrigerators, ranges, dishwashers, and disposals, along with walk-in closets, ceiling fans, internet access, cable-ready connections, extra storage, and private concrete balconies/patios with aluminum railings.

Residents benefit from a well-rounded amenity package that includes a sparkling swimming pool with sundeck, three fitness areas with free weights and circuit equipment. Additional community conveniences include two elevators in each building, 35 storage lockers, first-floor mailrooms and lounge areas, on-site and emergency maintenance, pet-friendly accommodations, and owner-operated laundry facilities with 12 washers and 14 dryers in each building.

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Property Overview

  • Address:2220 High Street | Cuyahoga Falls, OH 44221
  • Units378 
  • Built: 1973
  • Buildings: 2
  • Stories: 9
  • Site Size / Acreage:9.95 Acres 
  • Density:37.99 Units / Acre 
  • SF:429,000 SF
  • Average SF: 880 SF
  • Total Parking172 Garage Spaces and 384 Surface Spaces

Amenities

  • Refrigerator
  • Range
  • Dishwasher
  • Disposal
  • Ceiling Fans*
  • Tile Flooring
  • Walk-In Closets
  • Extra Storage
  • Balcony or Patio*
  • Internet Access
  • Intercom Access Entry
  • Swimming Pool with Sundeck
  • Playground
  • Storage Lockers
  • Three Fitness Centers
  • Laundry Facilities
  • Elevators
  • Game Room
  • Gated / Controlled Access

*In Select Units

The Asset

Portage Towers Apartments offers an exceptional investment opportunity to acquire 378 units less than a mile away from charming downtown Cuyahoga Falls. Located in the Akron MSA (Metropolitan Statistical Area), Cuyahoga Falls boasts a small yet vibrant community situated just outside the renowned Cuyahoga Valley National Park. It is well-connected to major employers and the rest of the NE Ohio region, state, and country through its proximity to several Interstate Highways (I-71, I-76, I-77, and I-90).

Constructed in 1973, Portage Towers offers a diverse unit mix of one- and two-bedroom styles well-suited for workforce housing which have an average occupancy rate of 96.65% (prev. 6 years). Its very close proximity to downtown Cuyahoga Falls makes Portage Towers an opportunity to gain sizable exposure to the renter base in this attractive Ohio suburb.

Investment Highlights

1

SOLID WORKFORCE HOUSING WITH AN AVERAGE UNIT SIZE OF 880 SF 

2

DESIRABLE RENTAL MARKET WITH STRONG METRICS AND MARKET OCCUPANCY OF 97% 

3

BUILDING OCCUPANCY OF ~96.65% (AVG. PREV. 6 YRS.) 

4

WITHIN WALKING DISTANCE TO DOWNTOWN CUYAHOGA FALLS 

5

BURGEONING SUMMIT COUNTY SUBURB 

6

PROXIMITY TO MAJOR THOROUGHFARES (OH-8, I-71, I-76, I-77, I-90) 

LOCATION

  • 0.8 miles to Downtown Cuyahoga Falls
  • 2.1 miles to Munroe Falls Metro Park and Tallmadge Meadows Park
  • 2.4 miles to Silver Lake Country Club
  • 4.1 miles to Kent State University Airport
  • 5.7 miles to University of Akron
  • 6.8 miles to Stan Hywet Hall & Gardens
  • 6.9 miles to Cuyahoga Valley National Park
  • 7.4 miles to Blossom Music Center
  • 7.7 miles to Kent State University
  • 8.0 miles to downtown Akron
  • 9.2 miles to Akron Fulton Airport
  • 12.9 miles to Tinkers Creek State Nature Preserve
  • 16.7 miles to Cleveland Metroparks Hinckley Reservation
  • 17.8 miles to Canton- Akron airport (The Regional airport servicing both business and national airlines)

Office & Contact Info 

CLEVELAND OFFICE
127 Public Square
Suite 1440
Cleveland, OH 44114

DETROIT OFFICE
260 E. Brown Street
Suite 150
Birmingham, MI 48009

COLUMBUS OFFICE
6555 Longshore Street
Suite 280
Dublin, OH 43017

Investment Sales

Rick Brace
Senior Director
248.341.3319
[email protected]
MI CRE #6502377977

Rob Starrett
Managing Director
440.708.6302
[email protected]
OH License #BRKA.2023000830

Steven Jones
Director
470.383.4349
[email protected]
OH License #SAL.2024004939

Kevin P. Dillon
Senior Managing Director
248.341.3309
[email protected]
MI CRE #6501222578

Jason Krug
Senior Managing Director
248.341.3344
[email protected]
MI CRE #6506047768

Drew Cerny
Director
216.339.1618
[email protected]
DRE #SAL.2021004447

Patrick Dittoe
Financial Analyst
440.527.1377
[email protected]
OH License #SAL.2025003614

Corey Krug
Senior Director
248.341.3338
[email protected]
MI CRE #6501426341

Conor David
Director
614.796.0222
[email protected]
OH CRE #SAL.2016005812

EJ Wujek
Associate Director
248.341.3316
[email protected]
MI CRE #6505228398

Rick L. Vidrio
Managing Director
248.341.3325
[email protected]
OH CRE #BRK0000305623

Mortgage Banking

Mark Vogel
Senior Managing Director
216.621.9000
[email protected]

Daniel Geuther
Managing Director
216.621.8289
[email protected]

Eric Bevilacqua
Associate Director
216.621.9001
[email protected]

Sam Van Dyke
Associate Director
216.367.2117
[email protected]

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