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

    61 Leicester Dr Akron, OH 44319

    View on Map
    Sponsored
    For Sale
    $279,000

    MULTI_FAMILY - Akron, OH

    Property size:
    2,000 SF
    Lot size:
    0.23 Acres
    Days on Market:
    26
    Last Refresh:
    Mar 10 at 8:06 am

    Property Features for 61 Leicester Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Window features
    Screens
    Rooms
    Bedroom 3, Bathroom 2, Laundry Room, Bathroom 3, Bedroom 4, Bathroom 1, Basement, Bedroom 2, Bedroom 1
    Bedrooms
    4
    Bathrooms
    3
    APN
    1910316
    Parking features
    Off Street, Garage, Open
    Interior features
    CeilingFans, Pantry
    Exterior features
    Awnings
    Appliances
    BuiltInOven, Dishwasher, Microwave, Range, Refrigerator
    Size
    2,000 SF
    Lot size
    0.23 Acres

    Utilities

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

    Building Details

    Year built
    1958
    Floors in Building
    2
    Building materials
    Brick
    Roof type
    Asphalt

    We can help!

    Listing Contact
    Carol Garretson
    Carol Garretson

    Chervenic Realty Inc (330) 686-1644

    Listing agent Carol Garretson (330) 608-7707 License #391804

    Listing date Feb 12, 2026

    MLS# 5158613 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 Triplex with Garage

    Located in a quiet residential neighborhood, this triplex features an all-brick exterior. The property includes a 22x24 two-car garage and a large concrete drive for off-road tenant parking. The building has five exterior doors. It features vinyl windows, updated leaf guards, and a one-layer roof. The property has a tall 12-course basement, a steel beam in the garage, and a fenced backyard. There are three separate electrical boxes, three gas meters, and three furnaces, along with two central air units and one owned water softener. The kitchens are equipped with three oven-stoves, two refrigerators, two dishwashers, two microwaves, and double sinks. The triplex consists of one 2-bedroom apartment and two 1-bedroom apartments, all sharing a large laundry area. Three glass block windows are installed in wise areas. Constructed in 1958, the building appears to be of sturdy, solid construction. It uses gas heat, city sewer, and well water. The property is situated in a popular dead-end location. The property is being sold AS IS. Three new hot water heaters were installed on 10/8/25. The lot size is 0.2267 acres, and the property size is 2000 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop 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
    -81.522006
    Latitude
    41.003575

    Nearby Similar for Sale

    • $159,900
      0.52 Acres

      Akron Commercial Building For Sale

      Highly visible corner location with diverse potential uses.
      1707 Vernon Odom Blvd, Akron, OH 44320
      View Details
    • New
      $340,000
      2,800 SF

      Akron Multifamily Investment Opportunity

      Two duplexes with month-to-month leases and long-term tenants.
      349/351 Cluster Ave, Akron, OH 44305
      View Details
    • New
      $268,000
      2,530 SF

      Updated Duplex in Portage Lakes

      Move-in ready duplex in Akron's sought-after Portage Lakes area.
      206 Olivet Ave, Akron, OH 44319
      View Details
    • New
      $174,999
      Pending

      Well-Maintained Duplex in Akron, OH

      Comfortable 2-bedroom duplex, ideal for investors.
      1062-1064 Saxon Ave, Akron, OH 44314
      View Details
    • New
      $295,000
      2,632 SF

      Well-Maintained Akron Three-Unit Building

      Three-unit brick apartment building in prime Akron location.
      1804-1808 Cromwell Dr, Akron, OH 44313
      View Details
    • New
      $119,900
      1,736 SF

      Akron Twinplex Townhouse Style Duplex

      Townhouse-style duplex with renovated units and rental income potential.
      2052-2054 16Th St SW, Akron, OH 44314
      View Details
    • $309,900
      2,496 SF

      Akron Multifamily Investment Opportunity

      Four-unit brick property with long-term tenants and updates.
      2256 Maryland Ave, Akron, OH 44314
      View Details
    • New
      $140,000
      Pending

      Furnished Duplex in Akron, Ohio

      Fully furnished duplex with separate utilities and basements.
      778-780 Brown St, Akron, OH 44311
      View Details
    • New
      $125,000
      3,316 SF

      Akron Triplex Investment Opportunity

      Value-add triplex in historic Akron neighborhood with income potential.
      124 Roswell St, Akron, OH 44305
      View Details
    • New
      $174,999
      Pending

      Akron Duplex: Investor Opportunity

      Well-maintained 2-bedroom brick duplex in Akron, Ohio.
      1054-1056 Saxon Ave, Akron, OH 44314
      View Details
    • New
      $130,000
      960 SF

      Akron Ranch Duplex For Sale

      Ranch duplex with two units, immediate income potential.
      1212 Derbydale Rd, Akron, OH 44306
      View Details
    • New
      $549,900
      0.64 Acres

      Historic Akron Property with Updates

      Historic property suitable for offices, retail, or residential conversion.
      697 W Market St, Akron, OH 44303
      View Details

    FAQs

    What type of property is this?
    Triplex - Triplex in quiet neighborhood with a two-car garage.
    Where is this triplex located?
    The property is located at 61 Leicester Dr Akron, OH.
    What is the asking price?
    The asking price for this property is $279,000.
    What are key features of this property?
    This property features: - Triplex featuring an all-brick exterior and a **2-car garage (22x24)** providing ample parking.; - Three separate units (one 2-bedroom, two 1-bedroom) offer flexibility with no current lease commitments.; - Updated with vinyl windows, leaf guards, and a one-layer roof.
    (330) 608-7707
    Request Owner's contact information
    61 Leicester Dr Akron, OH 44319
    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.
    61 Leicester Dr
    Akron, OH 44319
    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
    61 Leicester Dr Akron, OH 44319
    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

    We can help!
    Listing Contact
    Carol Garretson
    Carol Garretson
    Real Estate License ID: 391804
    (330) 608-7707 (330) 899-1644
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!