1036-1038 Emma Avenue Akron, OH 44313
MULTI_FAMILY - Akron, OH
- Added:
- Jul 8, 2026
- Days on Market:
- 5
- Last Refresh:
- Jul 12 at 7:06 am
Property Features for 1036-1038 Emma Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Laundry Room, Basement, Bedroom 4, Bedroom 1, Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 3
- Parking features
- Driveway, Open, Garage
- Appliances
- Range, Refrigerator
- Standard status
- Active
- APN
- 6730823
- Size
- 2,678 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3066
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Building materials
- AluminumSiding
- Roof type
- Asphalt
Listing agent Catherine N Haller License #2005014369 (330) 472-3261
Listing office EXP Realty, LLC. 159 Crocker Park Blvd. #400, Dublin, OH (866) 212-4991
Listing date Jul 8, 2026
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.
The property includes a two-car garage in the back and a partially fenced yard. The exterior and major systems have been updated, including fresh paint, copper plumbing, rewired and updated electric panels, wall insulation, a new roof, new sidewalks, new windows, updated water heaters, a new garage door, and exterior painting.
The duplex sits on a small lot, offering a residential income configuration with separate meters and a garage and yard for tenant convenience.
Key Highlights
- Duplex with two separate units and separate meters (one ground level unit, one upstairs unit)
- Each unit offers 2 bedrooms and 1 full bath with kitchen and dining room, plus office/nook area in the upstairs unit
- Updated features include new roof, new windows, updated electric panels, copper plumbing, insulation blown into walls, and fresh paint
Local Financial Insights For Apartment 5plus
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 | $41.1k | $15.36 |
| − Vacancy | −$2.1k | −$0.78 |
| EGI | $39.0k | $14.58 |
| − OpEx | −$17.6k | −$6.56 |
| NOI | $21.5k | $8.02 |
