Triplex with Private
For Sale
$199,900
539 Kling Street, Akron, OH 44311
ResidentialIncome, Akron, OH
Property Size1,418 SF
Lot Size0.08 Acres
Price / SF$140.97
Days on Market49
Property Features for 539 Kling Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Laundry Room, Basement, Bedroom 2, Bedroom 4, Bathroom 2, Bathroom 3, Bedroom 1, Bathroom 1
Parking features
Alley, Driveway, Oversize
Subdivision
Voris
Lot features
City Lot
View
City
Elementary school district
Akron CSD - 7701
Middle school district
Akron CSD - 7701
High school district
Akron CSD - 7701
Directions
E. Exchange turn right onto Kling. Property will be on the right.
Standard status
Active
APN
6727755
Size
1,418 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
VORIS LOT 200 M W PT44.20FT ON KLING CROSS ST
Tax Annual Amount
2021
Legal Description
VORIS LOT 200 M W PT44.20FT ON KLING CROSS ST
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Wall Unit(s), Window Unit(s)
Water source
Public
Amenities
private parking
Building Details
Year built
1905
Floors in Building
3
Building materials
WoodSiding
Roof type
Asphalt, Fiberglass
Listing Agency:
Keller Williams Chervenic Rlty · Keller Williams Realty
(330) 686-1644
Listed By:
Jodi L Mignano · License #2005004349
(330) 338-9047
Added: Jul 13
Changed: Aug 20
Last Checked: Aug 30 at 5:06PM
MLS# 5226435
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 three-unit residential property at 539 Kling Street contains 1,418 square feet and was constructed in 1905. The layout includes four bedrooms, three bathrooms, a laundry room, and a basement. Wood siding, asphalt and fiberglass roofing, forced-air heating, and wall and window cooling units are among the documented improvements.
The property occupies 0.0838 acres in Akron’s 44311 ZIP code. Parking features include an alley, driveway, and oversized parking area. Public water and public sewer serve the property, while the site is identified with an additional parcel behind the property that provides private parking. The property is offered for sale and is located near the University of Akron, the Zip Strip, restaurants, and other campus conveniences.
The property occupies 0.0838 acres in Akron’s 44311 ZIP code. Parking features include an alley, driveway, and oversized parking area. Public water and public sewer serve the property, while the site is identified with an additional parcel behind the property that provides private parking. The property is offered for sale and is located near the University of Akron, the Zip Strip, restaurants, and other campus conveniences.
Key Highlights
- Three‑unit property with 1,418 square feet
- Four bedrooms and three bathrooms
- Private parking parcel behind the property
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
$12,986
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
6.50%
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%
$259,720
$259.7K
Cap Rate 7%
$185,514
$185.5K
Cap Rate 9%
$144,289
$144.3K
Market Conditions
NOI Build-Up for 1,418 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
$19.6K $13.80/SF
− Vacancy
−$1.0K −$0.72/SF
EGI
$18.6K $13.08/SF
− OpEx
−$5.6K −$3.92/SF
NOI
$13.0K $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%
$259,720
Cap Rate 7%
$185,514
Cap Rate 9%
$144,289
Alternative Uses
Best Use
Multifamily LT 5
$185.5K
$162.3K – $216.4K
NOI $12,986 @ 7.0% cap · market cap 6.50%
Second Best
Apartment 5plus
$162.4K
$142.1K – $189.5K
NOI $11,368 @ 7.0% cap · market cap 5.69%
Theoretical Best
Office A
$348.0K
$304.5K – $406.0K
NOI $24,359 @ 7.0% cap · market cap 12.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
1,018
Businesses Nearby
Explore this area
Business Placement
Demographics for 44311, OH
6,993
Population
3,400
Households
2.1
Avg Household Size
28
Median Age
10%
College-Educated
79%
High-School Grad
1.9 sq mi
ZIP Area
3,681
Density / Sq Mi
$23,857
Median Household Income
$14,953
Median Earnings
$790
Median Rent
$64,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential property with public utilities, forced-air heating, and a mix of wall and window cooling units.
Where is this triplex located?
The property is located at 539 Kling Street Akron, OH.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Three‑unit property with 1,418 square feet; Four bedrooms and three bathrooms; Private parking parcel behind the property
