Tenant-Occupied
For Sale
$150,000
1332-1334 Alphada Avenue, Akron, OH 44310
ResidentialIncome, Akron, OH
Property Size1,440 SF
Lot Size0.14 Acres
Price / SF$104.17
Days on Market24
Property Features for 1332-1334 Alphada Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 1, Bedroom 2, Bathroom 2
Parking features
Driveway
Appliances
Range, Refrigerator
Subdivision
North Side Park
Elementary school district
Akron CSD - 7701
Middle school district
Akron CSD - 7701
High school district
Akron CSD - 7701
Directions
Rt 261 to either Grand Park Ave or Hyde Parke Ava and 1332-1334 Alphada runs between them one full block off of Rt 261. Or take Brittain Rd to Alphada Ave.
Standard status
Active
APN
6805742
Size
1,440 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
N SIDE PK LOT 47 ALLRANSLER DR
Tax Annual Amount
2651
Legal Description
N SIDE PK LOT 47 ALLRANSLER DR
Utilities
Sewer type
Public Sewer
Heating system
Other (Heating), Baseboard, Natural Gas, Radiant, Steam, Hot Water(Heating)
Cooling system
Window Unit(s)
Water source
Public
Amenities
washer/dryer hookups
covered patio/balcony
vegetable gardens
Building Details
Year built
1964
Floors in Building
2
Building materials
AluminumSiding
Roof type
Fiberglass, Asphalt
Listing Agency:
Keller Williams Chervenic Rlty · Keller Williams Realty
(330) 686-1644
Listed By:
Lesa Lillibridge · License #2010003459
(330) 620-5372
Added: Aug 7
Changed: Aug 20
Last Checked: Aug 30 at 6:06PM
MLS# 5232298
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.
This 1,440-square-foot duplex, built in 1964, contains two residential units with matching layouts. Each unit provides two bedrooms, a full bathroom with a tub and shower combination, a large living room, and an open kitchen and dining area. Landlord-owned ranges and refrigerators transfer with the property. Washer and dryer hookups are installed in both units, while window air-conditioning equipment belongs to the tenants.
Both residences are occupied by established tenants with leases in place. Heating is provided by hot-water boiler systems, with one boiler newer than the other; both are reported to be serviced and operational. Gas and electric service is separately metered, while water is shared and paid by the landlord. The property also includes covered front patios or balconies, driveway parking, public water and sewer, and a 0.1406-acre lot. The rear yard includes tenant-maintained vegetable gardens.
Both residences are occupied by established tenants with leases in place. Heating is provided by hot-water boiler systems, with one boiler newer than the other; both are reported to be serviced and operational. Gas and electric service is separately metered, while water is shared and paid by the landlord. The property also includes covered front patios or balconies, driveway parking, public water and sewer, and a 0.1406-acre lot. The rear yard includes tenant-maintained vegetable gardens.
Key Highlights
- Two‑unit duplex totaling 1,440 square feet on a 0.1406‑acre lot
- Each unit includes 2 bedrooms, 1 full bathroom, living room, kitchen, and dining area
- Both units are occupied by tenants with leases in place
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,187
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.79%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$263,740
$263.7K
Cap Rate 7%
$188,386
$188.4K
Cap Rate 9%
$146,522
$146.5K
Market Conditions
NOI Build-Up for 1,440 SF
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.
Gross rent
$19.9K $13.80/SF
− Vacancy
−$1.0K −$0.72/SF
EGI
$18.8K $13.08/SF
− OpEx
−$5.7K −$3.92/SF
NOI
$13.2K $9.16/SF
Area
Akron, OH
Vacancy
5.20%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$263,740
Cap Rate 7%
$188,386
Cap Rate 9%
$146,522
Alternative Uses
Best Use
Multifamily LT 5
$188.4K
$164.8K – $219.8K
NOI $13,187 @ 7.0% cap · market cap 8.79%
Second Best
Apartment 5plus
$164.9K
$144.3K – $192.4K
NOI $11,545 @ 7.0% cap · market cap 7.70%
Theoretical Best
Office A
$353.4K
$309.2K – $412.3K
NOI $24,737 @ 7.0% cap · market cap 16.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
624
Businesses Nearby
Explore this area
Business Placement
Demographics for 44310, OH
24,984
Population
11,074
Households
2.3
Avg Household Size
35
Median Age
14%
College-Educated
77%
High-School Grad
6.2 sq mi
ZIP Area
4,030
Density / Sq Mi
$38,912
Median Household Income
$32,593
Median Earnings
$925
Median Rent
$91,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two leased units offer covered front patios, driveway parking, and separate gas and electric metering.
Where is this duplex located?
The property is located at 1332-1334 Alphada Avenue Akron, OH.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,440 square feet on a 0.1406‑acre lot; Each unit includes 2 bedrooms, 1 full bathroom, living room, kitchen, and dining area; Both units are occupied by tenants with leases in place
