1039 Anna Avenue Kent, OH 44240
MULTI_FAMILY - Kent, OH
Property Features for 1039 Anna Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 1, Basement, Bathroom 3, Bedroom 2, Laundry Room, Bedroom 3, Bedroom 1, Bathroom 2, Bedroom 4
- Parking features
- Garage
- Fencing
- Privacy
- Standard status
- Active
- APN
- 17-032-20-00-048-000
- Size
- 2,067 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOT 32
- Tax Annual Amount
- 1794
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Water source
- Public
Building Details
- Year built
- 1950
- Floors in Building
- 2
- Building materials
- AluminumSiding, WoodSiding
- Roof type
- Asphalt, Fiberglass
Listing agent Jodi L Mignano License #2005004349 (330) 338-9047
Listing office Keller Williams Chervenic Rlty 3589 Darrow Rd, Stow, OH (330) 686-1644
Listing date Jul 7, 2026
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 1039 Anna Avenue in Kent, Ohio, the home is described as being just minutes from downtown Kent and Kent State University. The remarks also note proximity to restaurants and shopping, supporting an owner-occupied or investment approach where convenience matters.
For tenants, investors, or buyers looking for a property with built-in adaptability, the walk-out basement conversion potential can support multiple housing configurations. The seller’s remarks state the home previously generated $1,800 per month in rental income, which may be relevant for underwriting and rental planning. Overall, it’s a single property with two usable levels and recent mechanical updates, intended to support either partial or full rental usage based on the buyer’s strategy.
Key Highlights
- 4‑bedroom, 2‑bath home with a full walk‑out basement
- Potential for basement to be converted into an efficiency apartment
- Previously generated $1,800/month in rental income
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.2k | $15.60 |
| − Vacancy | −$2.0k | −$0.95 |
| EGI | $30.3k | $14.65 |
| − OpEx | −$13.6k | −$6.59 |
| NOI | $16.7k | $8.06 |
