Brick Duplex with
For Sale
$199,900
111 S Rose Boulevard, Akron, OH 44302
MULTI_FAMILY - Akron, OH
Property Size2,181 SF
Lot Size0.13 Acres
Price / SF$91.66
Days on Market10
Property Features for 111 S Rose Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 5, Bathroom 2, Bedroom 2, Bedroom 4, Bathroom 3, Bedroom 1, Basement, Bathroom 1, Bedroom 3
Parking features
Garage, Driveway
Subdivision
Port Park
Elementary school district
Akron CSD - 7701
Middle school district
Akron CSD - 7701
High school district
Akron CSD - 7701
Directions
E Exchange to Rose
Standard status
Active
APN
6727054
Size
2,181 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PORT PK LOT 116 E 55FT
Tax Annual Amount
4055
Legal Description
PORT PK LOT 116 E 55FT
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1922
Floors in Building
2
Building materials
Brick
Roof type
Fiberglass, Asphalt
Listing Agency:
EXP Realty, LLC.
(866) 212-4991
Listed By:
Dayna Edwards · License #2019002006
(330) 268-0876
Added: Aug 3
Changed: Aug 5
Last Checked: Aug 12 at 8:06AM
MLS# 5233132
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 1922 brick duplex contains 2,181 square feet across two residential units. The main-level apartment includes 2 bedrooms and 1 full bathroom, while the upper apartment has 3 bedrooms and 1 full bathroom. A full basement currently serves as storage and includes an existing bathroom and plumbing; finishing or conversion to an efficiency unit would be subject to approval.
The property sits near Highland Square, with parks, restaurants, and shopping in the surrounding area. Building systems include natural-gas forced-air heat and window-unit cooling. A garage and driveway provide on-site parking, while public water and public sewer serve the property. The roof uses fiberglass and asphalt materials.
The property sits near Highland Square, with parks, restaurants, and shopping in the surrounding area. Building systems include natural-gas forced-air heat and window-unit cooling. A garage and driveway provide on-site parking, while public water and public sewer serve the property. The roof uses fiberglass and asphalt materials.
Key Highlights
- 2,181‑square‑foot duplex built in 1922
- Main‑level unit with 2 bedrooms and 1 full bathroom
- Upper‑level unit with 3 bedrooms and 1 full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,485
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.75%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$349,700
$349.7K
Cap Rate 7%
$249,786
$249.8K
Cap Rate 9%
$194,278
$194.3K
Market Conditions
NOI Build-Up for 2,181 SF
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.
Gross rent
$33.5K $15.36/SF
− Vacancy
−$1.7K −$0.78/SF
EGI
$31.8K $14.58/SF
− OpEx
−$14.3K −$6.56/SF
NOI
$17.5K $8.02/SF
Area
Akron, OH
Vacancy
5.10%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$349,700
Cap Rate 7%
$249,786
Cap Rate 9%
$194,278
Alternative Uses
Best Use
Multifamily LT 5
$285.3K
$249.7K – $332.9K
NOI $19,973 @ 7.0% cap · market cap 9.99%
Second Best
Apartment 5plus
$249.8K
$218.6K – $291.4K
NOI $17,485 @ 7.0% cap · market cap 8.75%
Theoretical Best
Office A
$535.2K
$468.3K – $624.5K
NOI $37,467 @ 7.0% cap · market cap 18.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
579
Businesses Nearby
Explore this area
Business Placement
Demographics for 44302, OH
4,661
Population
3,011
Households
1.5
Avg Household Size
39
Median Age
27%
College-Educated
92%
High-School Grad
0.9 sq mi
ZIP Area
5,179
Density / Sq Mi
$45,323
Median Household Income
$37,989
Median Earnings
$758
Median Rent
$112,200
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?
Duplex - Two residential units offer separate layouts, with a basement providing storage and possible future expansion subject to approval.
Where is this duplex located?
The property is located at 111 S Rose Boulevard Akron, 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: 2,181‑square‑foot duplex built in 1922; Main‑level unit with 2 bedrooms and 1 full bathroom; Upper‑level unit with 3 bedrooms and 1 full bathroom
