Remodeled Duplex with
For Sale
$159,000
802 S Jenkins Boulevard, Akron, OH 44306
ResidentialIncome, Akron, OH
Property Size1,242 SF
Lot Size0.16 Acres
Price / SF$128.02
Days on Market31
Property Features for 802 S Jenkins Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 1
Parking features
Garage
Subdivision
Scenic Park Estates
Elementary school district
Akron CSD - 7701
Middle school district
Akron CSD - 7701
High school district
Akron CSD - 7701
Directions
Off Virginia Ave
Standard status
Active
APN
6744556
Size
1,242 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SCENIC PARK ESTATES LOT 6 ALL
Tax Annual Amount
2316
Legal Description
SCENIC PARK ESTATES LOT 6 ALL
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Amenities
washer/dryer hookups
Building Details
Year built
1964
Floors in Building
2
Building materials
WoodSiding
Roof type
Fiberglass, Asphalt
Listing Agency:
Ohio Broker Direct
(614) 989-7215
Listed By:
Joan Elflein · License #386319
(614) 989-7215
Added: Jul 31
Changed: Aug 20
Last Checked: Aug 30 at 7:06AM
MLS# 5232864
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 remodeled duplex contains two one-bedroom, one-bath residences, each measuring approximately 621 square feet. Both layouts include a living room, dining room, kitchen, and a one-car garage with washer and dryer hookups. The combined building area is 1,242 square feet on a 0.1591-acre lot. Improvements include a 2026 roof, gutters, windows, appliances, and interior cosmetic work. Heating is provided by forced air, with wall-mounted AC units for cooling.
Both units are occupied under month-to-month leases. Separate utility metering places gas, electric, water, sewer, and trash costs with the tenants, while ownership covers real estate taxes, building insurance, and landscaping. The property was built in 1964 and is served by public water and public sewer. Located at 802 S Jenkins Boulevard in Akron, Ohio, the duplex includes wood siding and garage parking for each residence.
Both units are occupied under month-to-month leases. Separate utility metering places gas, electric, water, sewer, and trash costs with the tenants, while ownership covers real estate taxes, building insurance, and landscaping. The property was built in 1964 and is served by public water and public sewer. Located at 802 S Jenkins Boulevard in Akron, Ohio, the duplex includes wood siding and garage parking for each residence.
Key Highlights
- Two‑unit duplex with 1,242 square feet total building area
- Each residence includes 1 bedroom, 1 bath, and approximately 621 square feet
- Both units are occupied with month‑to‑month leases
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
$11,374
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
7.15%
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%
$227,480
$227.5K
Cap Rate 7%
$162,486
$162.5K
Cap Rate 9%
$126,378
$126.4K
Market Conditions
NOI Build-Up for 1,242 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
$17.1K $13.80/SF
− Vacancy
−$891 −$0.72/SF
EGI
$16.2K $13.08/SF
− OpEx
−$4.9K −$3.92/SF
NOI
$11.4K $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%
$227,480
Cap Rate 7%
$162,486
Cap Rate 9%
$126,378
Alternative Uses
Best Use
Multifamily LT 5
$162.5K
$142.2K – $189.6K
NOI $11,374 @ 7.0% cap · market cap 7.15%
Second Best
Apartment 5plus
$142.2K
$124.5K – $166.0K
NOI $9,957 @ 7.0% cap · market cap 6.26%
Theoretical Best
Office A
$304.8K
$266.7K – $355.6K
NOI $21,336 @ 7.0% cap · market cap 13.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
417
Businesses Nearby
Explore this area
Business Placement
Demographics for 44306, OH
21,085
Population
10,424
Households
2
Avg Household Size
34
Median Age
9%
College-Educated
86%
High-School Grad
8.3 sq mi
ZIP Area
2,540
Density / Sq Mi
$41,105
Median Household Income
$30,481
Median Earnings
$901
Median Rent
$77,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two updated residences offer flexible occupancy and separately metered utilities in a compact income-producing property.
Where is this duplex located?
The property is located at 802 S Jenkins Boulevard Akron, OH.
What is the asking price?
The asking price for this property is $159,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,242 square feet total building area; Each residence includes 1 bedroom, 1 bath, and approximately 621 square feet; Both units are occupied with month‑to‑month leases
