Two-Unit Ranch
For Sale
$132,000
1261-1263 Anna Avenue, Akron, OH 44314
Each residence has private basement space with a washer and dryer.
Property Size1,352 SF
Price / SF$97.63
Days on Market33
Property Features for 1261-1263 Anna Avenue
General Information
Standard status
Active
Size
1,352 SF
Property subtype
Duplex
Site & Location
Neighborhood
Kenmore
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$1,500
Building Details
Building Size
1,352 SF
Year Built
1964
Buildings
1
Construction
Ranch
Listing Agency:
M. C. Real Estate
Listed By:
Rachel M Sharp · License #2016001725
(330) 354-6792
Source:
Lifestagesrealty
Added: Sep 26
Changed: Oct 27
Last Checked: Oct 27 at 4:27AM
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 M. C. Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,352-square-foot duplex at 1261-1263 Anna Avenue in Akron contains two matching residences, each with two bedrooms, one bathroom, a living room, and an eat-in kitchen. Both units have private basement areas, and a washer and dryer in each basement will remain with the property. The basements are accessed by shared steps.
Updates include flooring, paint, and windows in both units; the 1261 unit also received a new refrigerator. Its improvements were completed within the last 4 years. The roof is newer, and a sump pump was added in 2021. Tenants pay all utilities, while ownership covers property taxes and management company costs.
Updates include flooring, paint, and windows in both units; the 1261 unit also received a new refrigerator. Its improvements were completed within the last 4 years. The roof is newer, and a sump pump was added in 2021. Tenants pay all utilities, while ownership covers property taxes and management company costs.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 1,352 square feet; built in 1964
- Private basement space and a washer and dryer in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,839
Cap Rate
8.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$216,780
$216.8K
Cap Rate 7%
$154,843
$154.8K
Cap Rate 9%
$120,433
$120.4K
Market Conditions
NOI Build-Up for 1,352 SF
Gross rent
$20.8K $15.36/SF
− Vacancy
−$1.1K −$0.78/SF
EGI
$19.7K $14.58/SF
− OpEx
−$8.9K −$6.56/SF
NOI
$10.8K $8.02/SF
Area
Akron, OH
Vacancy
5.10%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$216,780
Cap Rate 7%
$154,843
Cap Rate 9%
$120,433
Alternative Uses
Best Use
Multifamily LT 5
$176.9K
$154.8K – $206.4K
NOI $12,381 @ 7.0% cap · market cap 9.38%
Second Best
Apartment 5plus
$154.8K
$135.5K – $180.7K
NOI $10,839 @ 7.0% cap · market cap 8.21%
Theoretical Best
Office A
$331.8K
$290.3K – $387.1K
NOI $23,225 @ 7.0% cap · market cap 17.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
330
Businesses Nearby
Explore this area
Business Placement
Demographics for 44314, OH
17,686
Population
9,085
Households
1.9
Avg Household Size
39
Median Age
12%
College-Educated
87%
High-School Grad
4.4 sq mi
ZIP Area
4,020
Density / Sq Mi
$47,358
Median Household Income
$31,481
Median Earnings
$924
Median Rent
$83,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has private basement space with a washer and dryer.
Where is this duplex located?
The property is located at 1261-1263 Anna Avenue Akron, OH.
What is the asking price?
The asking price for this property is $132,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; 1,352 square feet; built in 1964; Private basement space and a washer and dryer in each unit
