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    The Largest CRE Database in the US with Over 1 Million Listings

    2052-2054 16Th St SW Akron, OH 44314

    Sponsored
    For Sale
    $119,900

    MULTI_FAMILY - Akron, OH

    Property size:
    1,736 SF
    Lot size:
    0.31 Acres
    Days on Market:
    5
    Last Refresh:
    Feb 20 at 12:06 am

    Property Features for 2052-2054 16Th St SW

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Laundry Room, Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 4, Bedroom 2
    Bedrooms
    4
    Bathrooms
    2
    APN
    6845186
    Parking features
    Off Street, Driveway, On Street
    Appliances
    Range, Refrigerator
    Size
    1,736 SF
    Lot size
    0.31 Acres

    Utilities

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

    Building Details

    Year built
    1919
    Floors in Building
    2
    Building materials
    WoodSiding
    Roof type
    Asphalt, Fiberglass

    We can help!

    Listing Contact
    Barbara Snyder
    Barbara Snyder

    Snyder & Snyder Real Estate (330) 434-4343

    Listing agent Barbara Snyder (330) 434-4343 License #309625

    Listing date Feb 16, 2026

    MLS# 5186865 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.

    Learn more

    Property Insight Report

    Overview

    Akron Twinplex Townhouse Style Duplex

    This twinplex features a townhouse-style layout, with each side designed as a traditional colonial home. The first floor of each unit includes a living area, dining area, and kitchen, while the second floor offers two bedrooms and a bathroom. Each unit also has its own private basement with laundry hookups. One unit, 2054, is currently rented for $750 per month on a month-to-month basis, including an additional $50. This unit was renovated with new carpet a few years ago. The vacant unit, 2052, has been recently renovated with new carpet, fresh paint, and LVP flooring and is advertised for rent at $850 a month. The tenant in the occupied unit is open to staying and understands that the rent could be increased. Both apartments pay all utilities through separate meters. The property includes a shared gravel driveway with a metal carport over a two-car parking area. The property is located in Akron, OH. The lot size is 0.3134 acres, and the property size is 1736 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Akron
    County
    Summit
    State
    Ohio
    Longitude
    -81.560707
    Latitude
    41.047755

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    FAQs

    What type of property is this?
    Duplex - Townhouse-style duplex with renovated units and rental income potential.
    Where is this duplex located?
    The property is located at 2052-2054 16Th St SW Akron, OH.
    What is the asking price?
    The asking price for this property is $119,900.
    What are key features of this property?
    This property features: - Recently renovated vacant unit (2052) with new carpet, fresh paint, and LVP flooring, ready for immediate occupancy or rental income.; - True Twinplex townhouse style offering two separate units, each with a traditional colonial layout.; - Potential for immediate rental income from both units: one currently rented at $750/month (with potential for increase), and the vacant unit advertised at $850/month.
    (330) 434-4343
    Request Owner's contact information
    2052-2054 16Th St SW Akron, OH 44314
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    Akron, OH 44314
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2052-2054 16Th St SW Akron, OH 44314
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    We can help!
    Listing Contact
    Barbara Snyder
    Barbara Snyder
    Real Estate License ID: 309625
    (330) 434-4343 (330) 434-6141
    Learn more
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