Tenant-Occupied
1332-1334 Alphada Avenue, Akron, OH 44310
For Sale
$150,000
ResidentialIncome, Akron, OH
Property Size1,440 SF
Lot Size0.14 Acres
Price / SF$104.17
Days on Market93
Property Features for 1332-1334 Alphada Avenue
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Appliances
Subdivision
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Individually Metered Utilities
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
washer/dryer hookups
covered patio/balcony
vegetable gardens
Building Details
Year built
Floors in Building
Building materials
Roof type
Buildings
Listing Agency:
Keller Williams Chervenic Rlty · Keller Williams Realty
(330) 686-1644
Listed By:
Lesa Lillibridge · License #2010003459
(330) 620-5372
Added: Aug 7
Changed: Oct 24
Last Checked: Nov 7 at 10:06PM
MLS# 5232298
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.
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Investment Insights
Based on property information with market context.
This 1,440-square-foot duplex, built in 1964, contains two residential units with matching layouts. Each unit provides two bedrooms, a full bathroom with a tub and shower combination, a large living room, and an open kitchen and dining area. Landlord-owned ranges and refrigerators transfer with the property. Washer and dryer hookups are installed in both units, while window air-conditioning equipment belongs to the tenants.
Both residences are occupied by established tenants with leases in place. Heating is provided by hot-water boiler systems, with one boiler newer than the other; both are reported to be serviced and operational. Gas and electric service is separately metered, while water is shared and paid by the landlord. The property also includes covered front patios or balconies, driveway parking, public water and sewer, and a 0.1406-acre lot. The rear yard includes tenant-maintained vegetable gardens.
Both residences are occupied by established tenants with leases in place. Heating is provided by hot-water boiler systems, with one boiler newer than the other; both are reported to be serviced and operational. Gas and electric service is separately metered, while water is shared and paid by the landlord. The property also includes covered front patios or balconies, driveway parking, public water and sewer, and a 0.1406-acre lot. The rear yard includes tenant-maintained vegetable gardens.
Key Highlights
- Two‑unit duplex totaling 1,440 square feet on a 0.1406‑acre lot
- Each unit includes 2 bedrooms, 1 full bathroom, living room, kitchen, and dining area
- Both units are occupied by tenants with leases in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,187
Cap Rate
8.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$263,740
$263.7K
Cap Rate 7%
$188,386
$188.4K
Cap Rate 9%
$146,522
$146.5K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$19.9K $13.80/SF
− Vacancy
−$1.0K −$0.72/SF
EGI
$18.8K $13.08/SF
− OpEx
−$5.7K −$3.92/SF
NOI
$13.2K $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%
$263,740
Cap Rate 7%
$188,386
Cap Rate 9%
$146,522
Alternative Uses
Best Use
Multifamily LT 5
$188.4K
$164.8K – $219.8K
NOI $13,187 @ 7.0% cap · market cap 8.79%
Second Best
Apartment 5plus
$164.9K
$144.3K – $192.4K
NOI $11,545 @ 7.0% cap · market cap 7.70%
Theoretical Best
Office A
$353.4K
$309.2K – $412.3K
NOI $24,737 @ 7.0% cap · market cap 16.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
624
Businesses Nearby
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Business Placement
Demographics for 44310, OH
24,984
Population
11,074
Households
2.3
Avg Household Size
35
Median Age
14%
College-Educated
77%
High-School Grad
6.2 sq mi
ZIP Area
4,030
Density / Sq Mi
$38,912
Median Household Income
$32,593
Median Earnings
$925
Median Rent
$91,400
Median Home Value
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Market
Average Price Trend$/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 leased units offer covered front patios, driveway parking, and separate gas and electric metering.
Where is this duplex located?
The property is located at 1332-1334 Alphada Avenue Akron, OH.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,440 square feet on a 0.1406‑acre lot; Each unit includes 2 bedrooms, 1 full bathroom, living room, kitchen, and dining area; Both units are occupied by tenants with leases in place
