Duplex With 3.5-Car
121 E Ralston Ave, Akron, OH 44301
For Sale
$245,000
Two-unit residential property with separate upper and lower living spaces and off-street parking.
Property Size2,424 SF
Price / SF$101.07
Days on Market99
Property Features for 121 E Ralston Ave
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Buildings
Listing Agency:
Keller Williams Legacy Group Realty
Listed By:
Shelley Parsons · License #2021005339
(330) 907-4102
Source:
Kmlkrealty
Added: Aug 3
Changed: Nov 7
Last Checked: Nov 8 at 11:31AM
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 Keller Williams Legacy Group Realty
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Investment Insights
Based on property information with market context.
This 2,424-square-foot duplex, built in 1954, includes two distinct residential units. The upper apartment contains three bedrooms and one full bathroom, while the lower apartment provides one bedroom and one full bathroom. The layout supports separate occupancy within a single residential income property.
A private driveway leads to a 3.5-car garage, adding substantial on-site parking along with storage or workspace capacity. Located at 121 E. Ralston Ave. in Akron, the property can accommodate an owner-occupant arrangement or continued use as a two-unit rental property.
A private driveway leads to a 3.5-car garage, adding substantial on-site parking along with storage or workspace capacity. Located at 121 E. Ralston Ave. in Akron, the property can accommodate an owner-occupant arrangement or continued use as a two-unit rental property.
Key Highlights
- 2,424‑square‑foot duplex built in 1954
- Upper unit with 3 bedrooms and 1 full bath
- Lower unit with 1 bedroom and 1 full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,198
Cap Rate
9.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$443,960
$444.0K
Cap Rate 7%
$317,114
$317.1K
Cap Rate 9%
$246,644
$246.6K
Market Conditions
NOI Build-Up for 2,424 SF
Gross rent
$33.5K $13.80/SF
− Vacancy
−$1.7K −$0.72/SF
EGI
$31.7K $13.08/SF
− OpEx
−$9.5K −$3.92/SF
NOI
$22.2K $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 Rate 5%
$443,960
Cap Rate 7%
$317,114
Cap Rate 9%
$246,644
Alternative Uses
Best Use
Multifamily LT 5
$317.1K
$277.5K – $370.0K
NOI $22,198 @ 7.0% cap · market cap 9.06%
Second Best
Apartment 5plus
$277.6K
$242.9K – $323.9K
NOI $19,434 @ 7.0% cap · market cap 7.93%
Theoretical Best
Office A
$594.9K
$520.5K – $694.0K
NOI $41,641 @ 7.0% cap · market cap 17.00%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
363
Businesses Nearby
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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
$103,400
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Akron, OH
Properties on Market for Duplexes in Akron
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with separate upper and lower living spaces and off-street parking.
Where is this duplex located?
The property is located at 121 E Ralston Ave Akron, OH.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: 2,424‑square‑foot duplex built in 1954; Upper unit with 3 bedrooms and 1 full bath; Lower unit with 1 bedroom and 1 full bath
