Side-by-Side Brick
For Sale
$164,900
1360 Brittain Woods Rd, Akron, OH 44310
Ranch-style duplex with separate basements, eat-in kitchens, in-unit laundry, and month-to-month occupancy.
Property Size1,590 SF
Price / SF$103.71
Days on Market9
Property Features for 1360 Brittain Woods Rd
General Information
Standard status
Active
Size
1,590 SF
Property subtype
Multi-Family
Occupancy
100%
Financials
Gross Income
$16,800
Average Monthly Rent
$700
Additional Details
Multifamily Units
2
Amenities
eat-in kitchens
in-unit washer and dryer
separate basements
patio space
Building Details
Year Built
1962
Construction
all-brick
Listing Agency:
RE/MAX Crossroads Properties
Listed By:
Jessica Nader · License #2019004118
(330) 209-2008
Source:
Theacclaimedrealty
Added: Sep 15
Changed: Sep 21
Last Checked: Sep 22 at 9:45PM
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 RE/MAX Crossroads Properties
Investment Insights
Based on property information with market context.
This 1962 all-brick duplex contains two side-by-side ranch units with separate living spaces and a combined 1,590 square feet. Each residence includes an eat-in kitchen, in-unit washer and dryer, and its own basement for storage. Backyard patio areas serve both sides of the property, while the roof is approximately 7–8 years old.
Both units are currently rented on month-to-month terms at $700 per month each, producing combined monthly rental income of $1,400. The property is located near shopping, dining, transportation, and everyday amenities in Akron, Ohio.
Both units are currently rented on month-to-month terms at $700 per month each, producing combined monthly rental income of $1,400. The property is located near shopping, dining, transportation, and everyday amenities in Akron, Ohio.
Key Highlights
- Two side‑by‑side ranch units in an all‑brick building
- 1,590 square feet with a 1962 construction date
- Both units rented at $700 per month on month‑to‑month terms
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
$14,561
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
8.83%
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%
$291,220
$291.2K
Cap Rate 7%
$208,014
$208.0K
Cap Rate 9%
$161,789
$161.8K
Market Conditions
NOI Build-Up for 1,590 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
$21.9K $13.80/SF
− Vacancy
−$1.1K −$0.72/SF
EGI
$20.8K $13.08/SF
− OpEx
−$6.2K −$3.92/SF
NOI
$14.6K $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%
$291,220
Cap Rate 7%
$208,014
Cap Rate 9%
$161,789
Alternative Uses
Best Use
Multifamily LT 5
$208.0K
$182.0K – $242.7K
NOI $14,561 @ 7.0% cap · market cap 8.83%
Second Best
Apartment 5plus
$182.1K
$159.3K – $212.5K
NOI $12,747 @ 7.0% cap · market cap 7.73%
Theoretical Best
Office A
$390.2K
$341.4K – $455.2K
NOI $27,314 @ 7.0% cap · market cap 16.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
477
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Ranch-style duplex with separate basements, eat-in kitchens, in-unit laundry, and month-to-month occupancy.
Where is this duplex located?
The property is located at 1360 Brittain Woods Rd Akron, OH.
What is the asking price?
The asking price for this property is $164,900.
What are key features of this property?
This property features: Two side‑by‑side ranch units in an all‑brick building; 1,590 square feet with a 1962 construction date; Both units rented at $700 per month on month‑to‑month terms
