Brick Duplex with
For Sale
$245,000
121 E Ralston Avenue, Akron, OH 44301
ResidentialIncome, Akron, OH
Property Size2,424 SF
Lot Size0.20 Acres
Price / SF$101.07
Days on Market39
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
Basement, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
Parking features
Driveway, Garage
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: Sep 1
Last Checked: Sep 5 at 2:06PM
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 contains 2,424 square feet across two residential units. The upper unit includes 3 bedrooms and 1 full bath, while the lower unit provides 1 bedroom and 1 full bath. A basement adds storage or utility space, and the property includes a private driveway with a 3.5-car garage.
Built in 1954, the building combines brick and vinyl siding construction with an asphalt roof. Interior systems include forced-air heating and central air conditioning. Public water and public sewer serve the property, and the 0.204-acre lot provides the setting for the duplex, driveway, and garage.
Built in 1954, the building combines brick and vinyl siding construction with an asphalt roof. Interior systems include forced-air heating and central air conditioning. Public water and public sewer serve the property, and the 0.204-acre lot provides the setting for the duplex, driveway, and garage.
Key Highlights
- Two‑unit layout with a 3‑bedroom upper unit and 1‑bedroom lower unit
- 2,424 square feet of property size
- 3.5‑car garage with private driveway
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
363
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with separate living arrangements, a private drive, and substantial garage space.
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: Two‑unit layout with a 3‑bedroom upper unit and 1‑bedroom lower unit; 2,424 square feet of property size; 3.5‑car garage with private driveway
