Income-Generating
New
For Sale
$289,000
1010 5th Avenue, Akron, OH 44306
MULTI_FAMILY - Akron, OH
Property Size2,688 SF
Lot Size0.11 Acres
Price / SF$107.51
Days on Market6
Property Features for 1010 5th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
9
Bathrooms
4
Full bathrooms
4
Rooms
Laundry Room, Bedroom 7, Bathroom 4, Basement, Bedroom 6, Bedroom 1, Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 8, Bathroom 1, Bedroom 5, Bedroom 3, Bedroom 9, Bedroom 4
Parking features
Garage, Off Street
Appliances
Range, Refrigerator
Subdivision
Colonial Homes
Lot features
Rolling Slope, Few Trees
Elementary school district
Akron CSD - 7701
Middle school district
Akron CSD - 7701
High school district
Akron CSD - 7701
Directions
From I-77, take the Arlington Road exit and head North/South toward 5th Ave. Turn onto 5th Ave and continue to the intersection with Whitney Ave- property is on the corner.
Standard status
Active
APN
6843331
Size
2,688 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
COL HOMES LOT 206 ALL WHITNEY
Tax Annual Amount
2495
Legal Description
COL HOMES LOT 206 ALL WHITNEY
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1917
Floors in Building
3
Building materials
AluminumSiding, Block, Frame
Roof type
Asphalt
Listing Agency:
Russell Real Estate Services
(440) 572-3100
Listed By:
Jesse R Kracht · License #2010001088
(440) 212-5656
Added: Jul 31
Changed: Aug 1
Last Checked: Aug 5 at 4:06AM
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.
Investment Insights
Based on property information with market context.
This income-producing quadplex features four units in a single building, with two separate entries that provide added privacy and flexibility for tenants. Each unit includes its own kitchen with appliances, a full bath, and a mix of carpet and tile flooring. The property includes a basement and a laundry room. Appliances listed include range and refrigerator. Heating is forced air with natural gas.
The quadplex is located on a corner lot at 5th Avenue and Whitney in Akron, Ohio. The building was constructed in 1917. Exterior and mechanical updates mentioned include a newer roof, newer windows, an updated water heater, and refrigerator/stove in all four units. Water source is public and sewer is public sewer.
Parking is supported by a garage and off-street parking. The building has an asphalt roof and uses aluminum siding with block and frame construction materials.
The quadplex is located on a corner lot at 5th Avenue and Whitney in Akron, Ohio. The building was constructed in 1917. Exterior and mechanical updates mentioned include a newer roof, newer windows, an updated water heater, and refrigerator/stove in all four units. Water source is public and sewer is public sewer.
Parking is supported by a garage and off-street parking. The building has an asphalt roof and uses aluminum siding with block and frame construction materials.
Key Highlights
- Four units with two separate entries for tenant privacy
- Kitchen appliances, full baths, and mixed carpet and tile flooring in each unit
- Newer roof, newer windows, and updated water heater mentioned
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.1k | $13.80 |
| − Vacancy | −$1.9k | −$0.72 |
| EGI | $35.2k | $13.08 |
| − OpEx | −$10.5k | −$3.92 |
| NOI | $24.6k | $9.16 |
2,688 SF · lease $13.80/SF/yr · vacancy 5.20% · expense 30.00%
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
334
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?
Quadplex - Four-unit quadplex on a corner lot with two separate entries, public utilities, and recent exterior and unit updates.
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 units with two separate entries for tenant privacy; Kitchen appliances, full baths, and mixed carpet and tile flooring in each unit; Newer roof, newer windows, and updated water heater mentioned
