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    604-606 Gibbs Rd Akron, OH 44312

    Pending
    For Sale
    $160,000

    MULTI_FAMILY - Akron, OH

    Property size:
    1,488 SF
    Lot size:
    0.14 Acres
    Days on Market:
    20
    Last Refresh:
    Dec 7 at 10:06 pm

    Property Features for 604-606 Gibbs Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Rooms
    Laundry Room, Bedroom 3, Bedroom 4, Bedroom 1, Bedroom 2, Bathroom 1, Bathroom 2
    Bedrooms
    4
    Bathrooms
    2
    APN
    6708071
    Parking features
    Driveway
    Size
    1,488 SF
    Lot size
    0.14 Acres

    Utilities

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

    Building Details

    Year built
    1964
    Floors in Building
    2
    Building materials
    AluminumSiding, Brick
    Roof type
    Asphalt, Fiberglass

    Chervenic Realty Inc (330) 686-1644 [email protected]

    Listing agent Aimee Neiman (330) 620-1123 License #2020001502

    Listing date Nov 18, 2025

    MLS# 5166882 Listing URL

    Copyright © 2025 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 Income Potential

    This duplex, situated in Akron's Ellet neighborhood, is currently generating $1,700 per month in rental income. The upper unit, freshly renovated, is leased for $950 through 09/07/26. The lower unit is leased for $750 through 09/30/26 by a long-term tenant. Both units feature identical open layouts and in-unit washer/dryer hookups, a desirable feature for multi-family properties in the area that could support higher rents and lower vacancy rates. The property offers potential to increase income and build long-term equity in an attractive location. The property size is 1488 square feet and the lot size is 0.1377 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Clothing Store Building Supply Gym & Fitness Daycare Center Accounting Firm Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Akron
    County
    Summit
    State
    Ohio
    Longitude
    -81.460964
    Latitude
    41.044775

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    FAQs

    What type of property is this?
    Duplex - Income-generating duplex in Akron's Ellet neighborhood with value-add potential.
    Where is this duplex located?
    The property is located at 604-606 Gibbs Rd Akron, OH.
    What is the asking price?
    The asking price for this property is $160,000.
    What are key features of this property?
    This property features: - Currently generating $1,700 per month in rental income.; - Freshly renovated upper unit leased for $950 through 09/07/26.; - Lower unit leased for $750 through 09/30/26 by a long term tenant.
    (330) 620-1123
    Request Owner's contact information
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    Akron, OH 44312
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    Realmo Value Estimation

    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.

    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.

    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
    604-606 Gibbs Rd Akron, OH 44312
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