Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    296 Cole Avenue Akron, OH 44301

    View on Map
    New
    For Sale
    $155,000

    MULTI_FAMILY - Akron, OH

    Property size:
    1,248 SF
    Lot size:
    0.24 Acres
    Added:
    Apr 1, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 2 at 3:06 am

    Property Features for 296 Cole Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Laundry Room, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 4, Bedroom 3, Basement, Bedroom 2
    Parking features
    Paved or Surfaced
    Standard status
    Active
    APN
    6712610
    Size
    1,248 SF
    Lot size
    0.24 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxDescription
    TR LOT 11 S OF COLE AVE
    TaxAnnualAmount
    1398

    Utilities

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

    Building Details

    Year built
    1916
    Floors in Building
    2
    Building materials
    VinylSiding
    Roof type
    Asphalt, Fiberglass

    We can help!

    Listing Contact
    Anthony Glasser
    Anthony Glasser

    Listing agent Anthony Glasser License #2016000464

    Listing office Keller Williams Legacy Group Realty 4974 Higbee Ave., Ste. 201, Canton, OH

    Listing date Apr 1, 2026

    MLS# 5197738

    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.

    Overview

    Akron Duplex with Recent Updates

    This well-maintained duplex in Akron presents an opportunity for investors and owner-occupants. Each unit includes 2 bedrooms and 1 full bath, featuring functional layouts and comfortable living spaces. For convenience, each unit is equipped with in-unit washer and dryer hookups. The property has a new roof and a high-efficiency furnace, which were installed in 2025. A full walk-out basement provides additional storage and utility space. The property is situated on a 0.2386-acre double lot, offering extra outdoor space and potential for future use or expansion. Separate entrances for each unit allow for privacy and flexibility. The property is conveniently located with easy access to local amenities. The property size is 1248 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 Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Akron
    County
    Summit
    State
    Ohio
    Longitude
    -81.518097
    Latitude
    41.050556

    Nearby Similar for Sale

    • $279,000

      Turnkey Restaurant with Expansion Potential

      Fully equipped restaurant with expansion possibilities in Akron, Ohio.
      314 Pioneer Street, Akron, OH 44305
      View Details
    • $159,900

      Akron Commercial Building For Sale

      Highly visible corner location with diverse potential uses.
      1707 & 1709 Vernon Odom Boulevard, Akron, OH 44320
      View Details
    • $295,000
      2,632 SF

      Well-Maintained Akron Three-Unit Building

      Three-unit brick apartment building in prime Akron location.
      1804-1808 Cromwell Drive, Akron, OH 44313
      View Details
    • $499,900

      Historic Akron Property with Updates

      Historic property suitable for offices, retail, or residential conversion.
      697 W Market Street, Akron, OH 44303
      View Details
    • $268,000
      2,530 SF

      Updated Duplex in Portage Lakes

      Move-in ready duplex in Akron's sought-after Portage Lakes area.
      206 Olivet Avenue, Akron, OH 44319
      View Details
    • $119,900
      1,736 SF

      Akron Twinplex Townhouse Style Duplex

      Townhouse-style duplex with renovated units and rental income potential.
      2052-2054 16th Street SW, Akron, OH 44314
      View Details
    • $159,900

      Akron Triplex Investment Opportunity

      Income-producing triplex near Akron University and Downtown Akron.
      678-682 Sumner, Akron, OH 44311
      View Details
    • $125,000
      3,316 SF

      Akron Triplex Investment Opportunity

      Value-add triplex in historic Akron neighborhood with income potential.
      124 Roswell Street, Akron, OH 44305
      View Details
    • $115,000
      2,930 SF

      Akron Duplex with Income Potential

      Traditional duplex in Akron near University with strong income potential.
      604 E Buchtel Avenue, Akron, OH 44304
      View Details
    • $119,900
      1,882 SF

      Updated Duplex Near University

      Updated two-unit duplex near the University of Akron.
      673 Sumner Street, Akron, OH 44311
      View Details
    • $160,000
      1,675 SF

      Updated Duplex: Investment Opportunity

      Well-maintained duplex with income potential in Akron, Ohio.
      231 Windsor Street, Akron, OH 44306
      View Details
    • $199,000
      1,946 SF

      Fully Rented Duplex in Akron

      Well-maintained duplex with immediate cash flow and upside potential.
      557 Weber Avenue, Akron, OH 44303
      View Details

    FAQs

    What type of property is this?
    Duplex - Well-maintained Akron duplex, ideal for investors or owner-occupants.
    Where is this duplex located?
    The property is located at 296 Cole Avenue Akron, OH.
    What is the asking price?
    The asking price for this property is $155,000.
    What are key features of this property?
    This property features: New roof and high‑efficiency furnace installed in 2025.; Duplex offers opportunity for investors or owner‑occupants to offset mortgage.; Each unit has 2 bedrooms, 1 bath, and in‑unit washer/dryer hookups.
    (330) 206-4576
    We can help!
    Listing Contact
    Anthony Glasser
    Anthony Glasser
    Real Estate License ID: 2016000464
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!