For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Spacious Home Near Kent University Title is generated by Realmo AI

    1039 Anna Avenue, Kent, OH 44240

    View on Map
    Claim this Listing
    For Sale
    $240,000

    MULTI_FAMILY - Kent, OH

    Property size:
    2,067 SF
    Lot size:
    0.17 Acres
    Price / SF:
    $116/SF
    Added:
    May 13, 2026
    Days on Market:
    52
    Last Refresh:
    Jul 3 at 5:06 pm

    Property Features for 1039 Anna Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bathroom 2, Bedroom 1, Bedroom 4, Basement, Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 2, Laundry Room
    Parking features
    Garage
    Fencing
    Privacy
    Standard status
    Active
    APN
    17-032-20-00-048-000
    Size
    2,067 SF
    Lot size
    0.17 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    LOT 32
    Tax Annual Amount
    1794

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Water source
    Public

    Building Details

    Year built
    1950
    Floors in Building
    2
    Building materials
    AluminumSiding, WoodSiding
    Roof type
    Asphalt, Fiberglass

    We can help!

    Contact an agent
    Jodi L Mignano

    Listing agent Jodi L Mignano License #2005004349

    Listing office Keller Williams Chervenic Rlty 3589 Darrow Rd, Stow, OH

    Listing date May 13, 2026

    MLS# 5209642 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.

    HighLights

    • 4‑bedroom, 2‑bath home with a full walk‑out basement that could be used as an efficiency unit
    • Receiving $1,850 in monthly rental income per provided remarks
    • Newer kitchen with updated finishes
    • Newer furnace and hot water heater
    • Public water and public sewer
    • Garage parking and privacy fencing

    Overview

    This spacious home features 4 bedrooms and 2 bathrooms, presenting an opportunity for investors or owner-occupants. The layout is suited for student housing or a rental property. A full walk-out basement could be used as an efficiency unit. The home includes a newer kitchen with updated finishes, along with a newer furnace and hot water heater. The property is located minutes from downtown Kent and Kent State University, near campus, restaurants, and shopping. The property was receiving $1850 in monthly rental income. The lot size is 0.17 acres. The property size is 2067 square feet.

    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 $32.2k $15.60
    − Vacancy −$2.0k −$0.95
    EGI $30.3k $14.65
    − OpEx −$13.6k −$6.59
    NOI $16.7k $8.06
    2,067 SF · lease $15.60/SF/yr · vacancy 6.10% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $237.9K
    $208.2K – $277.6K (±1% cap)
    NOI $16,653 @ 7.0% cap · market cap 6.94%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $416.3K
    $364.3K – $485.7K (±1% cap)
    NOI $29,144 @ 7.0% cap · market cap 12.14%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Law Firm Food Market Barber Shop Travel Agency HVAC Service Building Supply Grocery & Convenience Store Gym & Fitness Center Furniture & Home Goods Real Estate Agency

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kent
    County
    Portage
    State
    Ohio
    Longitude
    -81.34161
    Latitude
    41.162015

    FAQs

    What type of property is this?
    Single family property - 4-bedroom, 2-bath home near downtown Kent and Kent State.
    Where is this single family property located?
    The property is located at 1039 Anna Avenue Kent, OH.
    What is the asking price?
    The asking price for this property is $240,000.
    What are key features of this property?
    This property features: 4‑bedroom, 2‑bath home with a full walk‑out basement that could be used as an efficiency unit; Receiving $1,850 in monthly rental income per provided remarks; Newer kitchen with updated finishes
    More about this property
    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