Updated Multifamily
New
For Sale
$157,500
1235 Roslyn Ave, Akron, OH 44320
Fully occupied property with updated units, conveying appliances, and tenant leases extending into 2027.
Property Size1,536 SF
Price / SF$102.54
Days on Market5
Property Features for 1235 Roslyn Ave
General Information
Standard status
Active
Size
1,536 SF
Property subtype
Multi-Family
Occupancy
100%
Building Details
Year Built
1964
Listing Agency:
Berkshire Hathaway HomeServices Professional Realty
Listed By:
Monica A Graham · License #381026
(216) 695-8695
Source:
Theacclaimedrealty
Added: Sep 5
Changed: Sep 8
Last Checked: Sep 7 at 1:21PM
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 Berkshire Hathaway HomeServices Professional Realty
Investment Insights
Based on property information with market context.
This 1,536-square-foot multifamily property, built in 1964, is fully occupied with spacious updated units. Improvements include newer flooring, fresh painting, updated cabinets, and annual furnace cleaning and servicing. All appliances convey with the property.
Current tenant leases extend through 5/27/27 and 7/1/27. Parking is located at the rear and shared with the building across the driveway, while the lower driveway section has been filled and sealed.
Current tenant leases extend through 5/27/27 and 7/1/27. Parking is located at the rear and shared with the building across the driveway, while the lower driveway section has been filled and sealed.
Key Highlights
- 1,536‑square‑foot multifamily property built in 1964
- Fully occupied with tenant leases through 5/27/27 and 7/1/27
- Updates include newer flooring, painting, and cabinets
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
$12,314
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
7.82%
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%
$246,280
$246.3K
Cap Rate 7%
$175,914
$175.9K
Cap Rate 9%
$136,822
$136.8K
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
$23.6K $15.36/SF
− Vacancy
−$1.2K −$0.78/SF
EGI
$22.4K $14.58/SF
− OpEx
−$10.1K −$6.56/SF
NOI
$12.3K $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 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%
$246,280
Cap Rate 7%
$175,914
Cap Rate 9%
$136,822
Alternative Uses
Best Use
Apartment 5plus
$175.9K
$153.9K – $205.2K
NOI $12,314 @ 7.0% cap · market cap 7.82%
Second Best
—
—
no second resolved use
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
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
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Frequently Asked Questions
What type of property is this?
Multifamily property - Fully occupied property with updated units, conveying appliances, and tenant leases extending into 2027.
Where is this multifamily property located?
The property is located at 1235 Roslyn Ave 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: 1,536‑square‑foot multifamily property built in 1964; Fully occupied with tenant leases through 5/27/27 and 7/1/27; Updates include newer flooring, painting, and cabinets
