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    Renovated Duplex in Akron, OH

    1927 Preston Avenue Akron, OH 44305

    1927 Preston Avenue, Akron, OH, 44305
    $224,800
    For Sale
    Claim this Listing
    $224,800

    MULTI_FAMILY - Akron, OH

    Property Size1,440 SF
    Lot Size0.11 Acres
    Price / SF$156.11
    AddedMay 29
    Days on Market49
    Last RefreshJul 16 at 4:06 am

    Property Features for 1927 Preston Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 4, Bedroom 1, Bedroom 3
    Standard status
    Active
    APN
    6712087
    Size
    1,440 SF
    Lot size
    0.11 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    BRITT HTS LOT 95 ALL
    Tax Annual Amount
    2180

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1963
    Floors in Building
    2
    Building materials
    Brick
    Roof type
    Fiberglass, Asphalt

    Listing agent Mark A Colucci License #2020004747

    Listing office Keller Williams Citywide 2001 Crocker Road, Suite 200, Westlake, OH

    Listing date May 29, 2026

    MLS# 5214313 Listing URL

    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 on a quiet, private dead-end street surrounded by residential homes, this renovated multifamily property at 1927 Preston Avenue in Akron, OH, offers a low-stress investment opportunity. The property features two spacious 2-bedroom, 1-bath units. Each unit has separate utilities and central air. The property provides a large balcony and a private parking lot. The gross rental income is $2,400 per month. The lot size is 0.1136 acres, and the property size is 1440 square feet. The property is part of a potential package of four duplexes on the same lot, including addresses 1919-1921 Preston Ave., 1925-1927 Preston Ave., 1931-1933 Preston Ave., and 1937-1939 Preston Ave. This property is suitable for both seasoned investors and those looking to expand their portfolio with a stable income-producing property.

    Key Highlights

    • $2,400/month gross rental income duplex with two 2 bed/1 bath units
    • Central air in each unit plus forced air heating with natural gas
    • Separate utilities for each unit

    Local Financial Insights For Multifamily LT 5

    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 $19.9k $13.80
    − Vacancy −$1.0k −$0.72
    EGI $18.8k $13.08
    − OpEx −$5.7k −$3.92
    NOI $13.2k $9.16
    1,440 SF · lease $13.80/SF/yr · vacancy 5.20% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $188.4K
    $164.8K – $219.8K (±1% cap)
    NOI $13,187 @ 7.0% cap · market cap 5.87%
    Second Best
    Apartment 5plus
    $164.9K
    $144.3K – $192.4K (±1% cap)
    NOI $11,545 @ 7.0% cap · market cap 5.14%
    Theoretical Best
    Office A
    $353.4K
    $309.2K – $412.3K (±1% cap)
    NOI $24,737 @ 7.0% cap · market cap 11.00%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Dental Office Pharmacy Restaurant Spa & Massage Center Skin Care Clinic Gym & Fitness Center HVAC Service Hair Salon

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Duplex - Cash-flowing duplex with renovated units, separate utilities, and parking.
    Where is this duplex located?
    The property is located at 1927 Preston Avenue Akron, OH.
    What is the asking price?
    The asking price for this property is $224,800.
    What are key features of this property?
    This property features: $2,400/month gross rental income duplex with two 2 bed/1 bath units; Central air in each unit plus forced air heating with natural gas; Separate utilities for each unit
    Contact an agent
    (440) 590-5219
    We can help!
    Contact an agent
    Mark A Colucci
    Mark A Colucci
    Real Estate License ID: 2020004747
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