Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1572 E Summit Street Kent, OH 44240

    View on Map
    Claim this Listing
    Pending
    Contact for pricing

    MULTI_FAMILY - Kent, OH

    Property size:
    1,740 SF
    Lot size:
    0.35 Acres
    Added:
    Apr 14, 2026
    Days on Market:
    15
    Last Refresh:
    Apr 28 at 8:06 pm

    Property Features for 1572 E Summit Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    4
    Rooms
    Bedroom 1, Bedroom 4, Bathroom 4, Bedroom 2, Bathroom 2, Bathroom 3, Bedroom 3, Bathroom 1
    Parking features
    Garage
    Appliances
    Range, Refrigerator
    Standard status
    Pending
    APN
    17-004-00-00-006-009
    Size
    1,740 SF
    Lot size
    0.35 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    WHITEHALL SD LOT 28R1A
    Tax Annual Amount
    2417

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating)
    Cooling system
    Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1998
    Floors in Building
    2
    Building materials
    AluminumSiding
    Roof type
    Asphalt

    We can help!

    Listing Contact
    Randy L Compton

    Listing agent Randy L Compton License #399400

    Listing office Kiko 2722 Fulton Dr. NW, Dover, OH

    Listing date Apr 14, 2026

    MLS# 5201390 Listing URL

    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.

    Overview

    Kent Duplexes Near KSU

    Two duplexes are being offered for sale via online auction. The properties are located in Kent, Ohio, within walking distance of Kent State University. One property is located on Loop Road and the other on Summit Street. Each building contains two units. Each unit features 2 bedrooms, 1.5 bathrooms, a living room, a kitchen, a first-floor laundry, a dining area, a back patio, and a one-car garage. Each unit has breaker electric, electric baseboard heat, paved driveways, and public utilities with separate meters. The Loop Road property has annual taxes of $2,376, while the Summit Street property has annual taxes of $2,417. Sewer and trash expenses are approximately $50 per unit per quarter. Current rents are $1,075 and $975 per month for the Loop Road units, and $975 and $1,050 per month for the Summit Street units. The tenant at 1393 Loop Rd. mows the yards at $50 per yard per mow, and it is deducted from the monthly rent. All leases expire on 7/31/2026. The properties will be available for viewing on Tuesday, April 21, 2026, from 12:00 PM - 1:00 PM.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Pharmacy Big Box & Wholesale Store Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kent
    County
    Portage
    State
    Ohio
    Longitude
    -81.335259
    Latitude
    41.140751

    Nearby Similar for Sale

    • $215,000
      2,100 SF

      Income-Producing Multifamily Near Kent State

      Multifamily property near Kent State, ideal for rental income.
      209 Dodge Street, Kent, OH 44240
      View Details
    • Contact for pricing
      1,740 SF

      Kent, OH Duplex Investment Opportunity

      Two duplexes near Kent State University, offered at online auction.
      1393 - 1397 Loop Road, Kent, OH 44240
      View Details
    • $320,000
      2,964 SF

      Kent, OH Four-Unit Multifamily Property

      Four-unit investment property with solid rental history near schools.
      1302 Walnut Street, Kent, OH 44240
      View Details
    • $659,000
      1,708 SF

      Highway Commercial Property For Sale

      1,708 SF building on 0.92 acres in high-traffic area.
      4260 State Route 43, Kent, OH
      View Details
    • $850,000
      3,992 SF

      Kent Mixed-Use Redevelopment Opportunity

      Landmark Kent property with redevelopment potential near downtown and KSU.
      103 Lake Street, Kent, OH 44240
      View Details
    • $899,000
      12,520 SF

      Renovated Aurora Warehouses with Expansion Potential

      Recently renovated warehouses on 3.01 acres with expansion potential.
      11415 Chamberlain Rd, Kent, OH
      View Details
    • $950,000
      7,765 SF

      Retail Property on 5.08 Acres

      7,765 SF retail building on 5.08 acres for sale.
      2108 sr 59, Kent, OH
      View Details
    • $1,100,000
      4,430 SF

      Established Restaurant with Loyal Clientele

      Long-standing restaurant with a strong reputation and loyal customer base.
      1609 E Main Street, Kent, OH 44240
      View Details
    • $450,000
      10,912 SF

      Commercial Property for Sale

      Commercial property available for sale.
      222 Martinel Dr, Kent, OH 44240
      View Details
    • Contact for pricing
      91,000 SF

      91,000 SF Industrial Facility

      91,000 SF industrial facility on 15.5 acres in Kent, OH.
      9 Franklin Ave, Kent, OH
      View Details
    • $600,000
      1,375 SF

      Commercial Property Near Retail Area

      Integrated commercial property near I-76 with development potential.
      112 Tallmadge Road, Kent, OH 44240
      View Details
    • $395,000
      1,628 SF

      Versatile Commercial Property Near I-76

      Integrated commercial property near retail, office, and residential areas.
      124 Tallmadge Road, Kent, OH 44240
      View Details

    FAQs

    What type of property is this?
    Duplex - Two duplexes near Kent State University, offered at online auction.
    Where is this duplex located?
    The property is located at 1572 E Summit Street Kent, OH.
    What are key features of this property?
    This property features: Two duplex buildings being sold separately, offering immediate rental income potential.; Walking distance to Kent State University, a highly desirable location for student housing.; **All units feature 2 bedrooms, 1.5 bathrooms, living room, kitchen, first‑floor laundry, dining area, and a one‑car garage.**
    (330) 704-5702
    We can help!
    Listing Contact
    Randy L Compton
    Real Estate License ID: 399400
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!