Duplex with Walkout
For Sale
$199,900
1039 Anna Avenue, Kent, OH 44240
ResidentialIncome, Kent, OH
Property Size2,067 SF
Lot Size0.17 Acres
Price / SF$96.71
Days on Market49
Property Features for 1039 Anna Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
3
Rooms
Bedroom 2, Laundry Room, Bathroom 3, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 1, Basement, Bedroom 4
Parking features
Garage
Fencing
Privacy
Subdivision
Franklin
Elementary school district
Kent CSD - 6705
Middle school district
Kent CSD - 6705
High school district
Kent CSD - 6705
Directions
Lake St to Walter to Anna
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
Legal Description
LOT 32
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
Listing Agency:
Keller Williams Chervenic Rlty · Keller Williams Realty
(330) 686-1644
Listed By:
Jodi L Mignano · License #2005004349
(330) 338-9047
Added: Aug 28
Changed: Sep 12
Last Checked: Oct 15 at 5:06AM
MLS# 5240625
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 2,067-square-foot duplex sits on a 0.17-acre lot and includes four bedrooms, an updated kitchen, a full walkout basement, and a garage. The 1950-built property also has a newer furnace and hot water heater, with natural gas heating and public water and sewer service. Aluminum and wood siding, fiberglass and asphalt roofing, and privacy fencing complete the exterior features.
The property is located near Kent State University and downtown Kent, with shopping, dining, and major routes also nearby. Its basement configuration provides additional space within the existing improvements, while the garage supports on-site parking and storage needs.
The property is located near Kent State University and downtown Kent, with shopping, dining, and major routes also nearby. Its basement configuration provides additional space within the existing improvements, while the garage supports on-site parking and storage needs.
Key Highlights
- 2,067 SF duplex on a 0.17‑acre lot
- Four‑bedroom layout with a full walkout basement
- Updated kitchen and newer furnace and hot water heater
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,993
Cap Rate
9.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$359,860
$359.9K
Cap Rate 7%
$257,043
$257.0K
Cap Rate 9%
$199,922
$199.9K
Market Conditions
NOI Build-Up for 2,067 SF
Gross rent
$27.3K $13.20/SF
− Vacancy
−$1.6K −$0.76/SF
EGI
$25.7K $12.44/SF
− OpEx
−$7.7K −$3.73/SF
NOI
$18.0K $8.71/SF
Area
Portage County, OH
Vacancy
5.79%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$359,860
Cap Rate 7%
$257,043
Cap Rate 9%
$199,922
Alternative Uses
Best Use
Multifamily LT 5
$257.0K
$224.9K – $299.9K
NOI $17,993 @ 7.0% cap · market cap 9.00%
Second Best
Apartment 5plus
$237.9K
$208.2K – $277.6K
NOI $16,653 @ 7.0% cap · market cap 8.33%
Theoretical Best
Office A
$416.3K
$364.3K – $485.7K
NOI $29,144 @ 7.0% cap · market cap 14.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
222
Businesses Nearby
Explore this area
Business Placement
Demographics for 44240, OH
38,354
Population
20,228
Households
1.9
Avg Household Size
32
Median Age
44%
College-Educated
96%
High-School Grad
39.7 sq mi
ZIP Area
966
Density / Sq Mi
$57,415
Median Household Income
$31,613
Median Earnings
$989
Median Rent
$216,000
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Four-bedroom property near Kent State University with an updated kitchen, garage, and flexible basement space.
Where is this duplex located?
The property is located at 1039 Anna Avenue Kent, OH.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: 2,067 SF duplex on a 0.17‑acre lot; Four‑bedroom layout with a full walkout basement; Updated kitchen and newer furnace and hot water heater
