Duplex with Three-and-a-Half-Car
For Sale
$245,000
121 E Ralston Avenue, Akron, OH 44301
MULTI_FAMILY - Akron, OH
Property Size2,424 SF
Lot Size0.20 Acres
Price / SF$101.07
Days on Market12
Property Features for 121 E Ralston Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Basement, Bathroom 1, Bedroom 1, Bedroom 4, Bathroom 2, Bedroom 2
Parking features
Garage, Driveway
Window features
Wood Frames
Subdivision
Beacon Heights
Elementary school district
Akron CSD - 7701
Middle school district
Akron CSD - 7701
High school district
Akron CSD - 7701
Directions
S.Main ST - E.Ralston Ave
Standard status
Active
APN
6815600
Size
2,424 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BEACON HEIGHTS ALLT LOTS 9 ALL & 10 E 10 FT & N 12 FT
Tax Annual Amount
3005
Legal Description
BEACON HEIGHTS ALLT LOTS 9 ALL & 10 E 10 FT & N 12 FT
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1954
Floors in Building
2
Building materials
Brick, VinylSiding
Roof type
Asphalt
Listing Agency:
Keller Williams Legacy Group Realty · Keller Williams Realty
(330) 433-6005
Listed By:
Shelley Parsons · License #2021005339
(330) 907-4102
Added: Jul 29
Changed: Aug 8
Last Checked: Aug 9 at 10:06AM
MLS# 5232123
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 duplex at 121 E. Ralston Avenue in Akron combines owner-occupant flexibility with rental versatility. The upper unit includes three bedrooms and one full bath, while the lower unit offers one bedroom and one full bath. A private driveway leads to a 3.5-car garage, providing parking along with storage and workspace options.
Built in 1954, the property features brick construction with vinyl siding and an asphalt roof. Heating is forced air, and cooling is central air, supporting year-round comfort. Utilities are connected to public water and public sewer.
Set on a 0.204-acre lot and totaling 2,424 SF, this duplex is configured for two separate living spaces, with interior rooms including multiple bedrooms, two full bathrooms, and a basement.
Built in 1954, the property features brick construction with vinyl siding and an asphalt roof. Heating is forced air, and cooling is central air, supporting year-round comfort. Utilities are connected to public water and public sewer.
Set on a 0.204-acre lot and totaling 2,424 SF, this duplex is configured for two separate living spaces, with interior rooms including multiple bedrooms, two full bathrooms, and a basement.
Key Highlights
- 0.204‑acre lot and 2,424 SF duplex with two full baths
- Upper unit: three bedrooms and one full bath
- Lower unit: one bedroom and one full bath
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
$22,198
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
9.06%
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%
$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
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 $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 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%
$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.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
442
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
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 - Upper unit has three bedrooms and one full bath, while the lower unit offers one bedroom and one full bath.
Where is this duplex located?
The property is located at 121 E Ralston Avenue 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: 0.204‑acre lot and 2,424 SF duplex with two full baths; Upper unit: three bedrooms and one full bath; Lower unit: one bedroom and one full bath
