Updated 4-Unit
1010 5th Avenue, Akron, OH 44306
For Sale
$289,000
ResidentialIncome, Akron, OH
Property Size2,688 SF
Lot Size0.11 Acres
Price / SF$107.51
Days on Market100
Property Features for 1010 5th Avenue
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Appliances
Subdivision
Lot features
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Water source
Building Details
Year built
Floors in Building
Building materials
Roof type
Listing Agency:
Russell Real Estate Services
(440) 572-3100
Listed By:
Jesse R Kracht · License #2010001088
(440) 212-5656
Added: Jul 31
Changed: Oct 23
Last Checked: Nov 7 at 10:06PM
MLS# 5231671
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.
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Investment Insights
Based on property information with market context.
This 2,688-square-foot quadplex contains four residential units, each equipped with a kitchen, range, refrigerator, and full bath. Carpet and tile flooring are used throughout the interiors, while two separate entrances support a divided access arrangement. The property was built in 1917 and includes a basement, laundry room, garage, and off-street parking.
Recent property work includes a newer roof, newer windows, an updated water heater, and replacement ranges and refrigerators across all four units. The 0.1116-acre parcel occupies the corner of 5th Avenue and Whitney in Akron, with public water and public sewer service. Construction includes aluminum siding, block, and frame components, with forced-air natural gas heating and an asphalt roof.
Recent property work includes a newer roof, newer windows, an updated water heater, and replacement ranges and refrigerators across all four units. The 0.1116-acre parcel occupies the corner of 5th Avenue and Whitney in Akron, with public water and public sewer service. Construction includes aluminum siding, block, and frame components, with forced-air natural gas heating and an asphalt roof.
Key Highlights
- Four‑unit residential property with 2,688 square feet
- Each unit includes a kitchen, range, refrigerator, and full bath
- Newer roof, newer windows, and updated water heater
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,616
Cap Rate
8.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$492,320
$492.3K
Cap Rate 7%
$351,657
$351.7K
Cap Rate 9%
$273,511
$273.5K
Market Conditions
NOI Build-Up for 2,688 SF
Gross rent
$37.1K $13.80/SF
− Vacancy
−$1.9K −$0.72/SF
EGI
$35.2K $13.08/SF
− OpEx
−$10.5K −$3.92/SF
NOI
$24.6K $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 Rate 5%
$492,320
Cap Rate 7%
$351,657
Cap Rate 9%
$273,511
Alternative Uses
Best Use
Multifamily LT 5
$351.7K
$307.7K – $410.3K
NOI $24,616 @ 7.0% cap · market cap 8.52%
Second Best
Apartment 5plus
$307.9K
$269.4K – $359.2K
NOI $21,550 @ 7.0% cap · market cap 7.46%
Theoretical Best
Office A
$659.7K
$577.2K – $769.6K
NOI $46,176 @ 7.0% cap · market cap 15.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
306
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units with private kitchens, full baths, appliances, separate entries, and recent building improvements.
Where is this quadplex located?
The property is located at 1010 5th Avenue Akron, OH.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: Four‑unit residential property with 2,688 square feet; Each unit includes a kitchen, range, refrigerator, and full bath; Newer roof, newer windows, and updated water heater
