Updated Brick
For Sale
Under Contract
$157,500
1235 Roslyn Avenue, Akron, OH 44320
ResidentialIncome, Akron, OH
Property Size1,536 SF
Lot Size0.12 Acres
Price / SF$102.54
Days on Market53
Property Features for 1235 Roslyn Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2
Parking features
Parking Lot
Subdivision
P Golub Allotment
Elementary school district
Akron CSD - 7701
Middle school district
Akron CSD - 7701
High school district
Akron CSD - 7701
Directions
East of I77 - Between Thurston and Bellevue
Standard status
Active Under Contract
APN
6835902
Size
1,536 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
P GOLUB LOT 19 ALL ROSLYN AVE
Tax Annual Amount
2162
Legal Description
P GOLUB LOT 19 ALL ROSLYN AVE
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1964
Floors in Building
1
Building materials
Brick
Roof type
Fiberglass, Asphalt
Listing Agency:
Berkshire Hathaway HomeServices Professional Realty
(216) 970-1515
Listed By:
Monica A Graham · License #381026
(216) 695-8695
Added: Jul 9
Changed: Aug 19
Last Checked: Aug 30 at 1:06PM
MLS# 5225159
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 1,536-square-foot brick duplex was built in 1964 and is currently fully occupied. Interior improvements include newer flooring, updated paint, and refreshed cabinetry, while all appliances transfer with the property. Each unit is supported by forced-air natural gas heat, and window units provide cooling. Public water and sewer serve the building.
Resident lease terms extend through May 27, 2027, and July 1, 2027. The 0.124-acre parcel includes rear parking, with the parking area shared with the building across the driveway. The lower section of the driveway has been filled and sealed. Fiberglass and asphalt roofing complete the exterior improvements.
Resident lease terms extend through May 27, 2027, and July 1, 2027. The 0.124-acre parcel includes rear parking, with the parking area shared with the building across the driveway. The lower section of the driveway has been filled and sealed. Fiberglass and asphalt roofing complete the exterior improvements.
Key Highlights
- Fully occupied duplex with lease terms extending through May 27, 2027, and July 1, 2027
- 1,536 square feet on a 0.124‑acre parcel
- Brick construction completed in 1964
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
$14,066
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
8.93%
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%
$281,320
$281.3K
Cap Rate 7%
$200,943
$200.9K
Cap Rate 9%
$156,289
$156.3K
Market Conditions
NOI Build-Up for 1,536 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
$21.2K $13.80/SF
− Vacancy
−$1.1K −$0.72/SF
EGI
$20.1K $13.08/SF
− OpEx
−$6.0K −$3.92/SF
NOI
$14.1K $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%
$281,320
Cap Rate 7%
$200,943
Cap Rate 9%
$156,289
Alternative Uses
Best Use
Multifamily LT 5
$200.9K
$175.8K – $234.4K
NOI $14,066 @ 7.0% cap · market cap 8.93%
Second Best
Apartment 5plus
$175.9K
$153.9K – $205.2K
NOI $12,314 @ 7.0% cap · market cap 7.82%
Theoretical Best
Office A
$376.9K
$329.8K – $439.8K
NOI $26,386 @ 7.0% cap · market cap 16.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
232
Businesses Nearby
Explore this area
Business Placement
Demographics for 44320, OH
19,083
Population
9,240
Households
2.1
Avg Household Size
42
Median Age
18%
College-Educated
91%
High-School Grad
10.0 sq mi
ZIP Area
1,908
Density / Sq Mi
$40,013
Median Household Income
$33,219
Median Earnings
$915
Median Rent
$102,600
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 occupied units offer refreshed interiors, conveyed appliances, and public water and sewer service.
Where is this duplex located?
The property is located at 1235 Roslyn Avenue Akron, OH.
What is the asking price?
The asking price for this property is $157,500.
What are key features of this property?
This property features: Fully occupied duplex with lease terms extending through May 27, 2027, and July 1, 2027; 1,536 square feet on a 0.124‑acre parcel; Brick construction completed in 1964
