Brick Duplex with Front
For Sale
$149,900
1200 Wilbur Ave, Akron, OH 44301
The configuration combines a two-bedroom lower residence with a one-bedroom upper residence and separate bathrooms.
Property Size1,472 SF
Price / SF$101.83
Days on Market21
Property Features for 1200 Wilbur Ave
General Information
Standard status
Active
Size
1,472 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,770
Building Details
Construction
brick
Listing Agency:
EXP Realty, LLC.
(866) 212-4991
Listed By:
Peter Krusinski · License #2023005246
(216) 318-7259
Source:
Exprealty
Added: Sep 4
Changed: Sep 16
Last Checked: Sep 22 at 6:30PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP Realty, LLC.
Investment Insights
Based on property information with market context.
This 1,472-square-foot duplex in Akron, Ohio, contains two residential units with distinct layouts. The lower unit has 2 bedrooms and 1 bathroom, while the upper unit provides 1 bedroom and 1 bathroom. Vinyl flooring, kitchen areas, and front porches are included in both residences, creating consistent features across the building. The kitchens are maintained in solid condition, and the interior arrangement offers practical separation between the units.
Located at 1200 Wilbur Ave, the property is suited to buyers seeking a duplex with an established two-unit configuration. The bedroom mix accommodates different household sizes, while the separate entrances and individual unit layouts support flexible residential use.
Located at 1200 Wilbur Ave, the property is suited to buyers seeking a duplex with an established two-unit configuration. The bedroom mix accommodates different household sizes, while the separate entrances and individual unit layouts support flexible residential use.
Key Highlights
- 1,472‑square‑foot duplex in Akron, Ohio
- Lower unit includes 2 bedrooms and 1 bathroom
- Upper unit includes 1 bedroom and 1 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
$13,480
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
8.99%
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%
$269,600
$269.6K
Cap Rate 7%
$192,571
$192.6K
Cap Rate 9%
$149,778
$149.8K
Market Conditions
NOI Build-Up for 1,472 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
$20.3K $13.80/SF
− Vacancy
−$1.1K −$0.72/SF
EGI
$19.3K $13.08/SF
− OpEx
−$5.8K −$3.92/SF
NOI
$13.5K $9.16/SF
Area
Akron, OH
Vacancy
5.20%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
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%
$269,600
Cap Rate 7%
$192,571
Cap Rate 9%
$149,778
Alternative Uses
Best Use
Multifamily LT 5
$192.6K
$168.5K – $224.7K
NOI $13,480 @ 7.0% cap · market cap 8.99%
Second Best
Apartment 5plus
$168.6K
$147.5K – $196.7K
NOI $11,801 @ 7.0% cap · market cap 7.87%
Theoretical Best
Office A
$361.2K
$316.1K – $421.5K
NOI $25,287 @ 7.0% cap · market cap 16.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
395
Businesses Nearby
Explore this area
Business Placement
Demographics for 44301, OH
14,364
Population
6,859
Households
2.1
Avg Household Size
37
Median Age
20%
College-Educated
89%
High-School Grad
3.6 sq mi
ZIP Area
3,990
Density / Sq Mi
$52,134
Median Household Income
$34,553
Median Earnings
$990
Median Rent
$103,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - The configuration combines a two-bedroom lower residence with a one-bedroom upper residence and separate bathrooms.
Where is this duplex located?
The property is located at 1200 Wilbur Ave Akron, OH.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: 1,472‑square‑foot duplex in Akron, Ohio; Lower unit includes 2 bedrooms and 1 bathroom; Upper unit includes 1 bedroom and 1 bathroom
