Two-Home Duplex
For Sale
Under Contract
$135,000
1664 Woods Road, Akron, OH 44306
ResidentialIncome, Akron, OH
Property Size1,253 SF
Lot Size0.85 Acres
Price / SF$107.74
Days on Market181
Property Features for 1664 Woods Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 3, Laundry Room, Basement, Bedroom 1
Subdivision
Richland Gardens
Lot features
Back Yard, Dead End, Flat, Front Yard, Landscaped, Level, Private, Many Trees, Wooded
Elementary school district
Akron CSD - 7701
Middle school district
Akron CSD - 7701
High school district
Akron CSD - 7701
Directions
Massillon Rd to Woods
Standard status
Active Under Contract
APN
6817526
Size
1,253 SF
Lot size
0.85 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
TR 3 LOT E SUB 24 RICHLAND GDNS 1.000A
Tax Annual Amount
3947
Legal Description
TR 3 LOT E SUB 24 RICHLAND GDNS 1.000A
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1923
Floors in Building
1
Building materials
AluminumSiding, Block, Frame, Glass, Plaster, WoodSiding
Roof type
Fiberglass, Asphalt
Listing Agency:
RE/MAX Crossroads Properties · RE/MAX International
(330) 929-9278
Listed By:
Jessica Nader · License #2019004118
(330) 209-2008
Added: Apr 10
Changed: Sep 28
Last Checked: Oct 7 at 7:06AM
MLS# 5199736
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.
Investment Insights
Based on property information with market context.
This duplex property comprises two homes on an approximately 0.8504-acre wooded lot. The residence at 1660 Woods Road has two bedrooms and one full bathroom, while 1664 Woods Road provides one bedroom and one bathroom. The combined property size is listed as 1,253 square feet, and both homes require cleanout and rehabilitation. Construction materials include aluminum siding, block, frame, glass, plaster, and wood siding. Heating is provided by forced-air natural gas systems, with window-unit cooling. The property was built in 1923.
Public water and public sewer serve the site. Asphalt and fiberglass roofing are present, and the recorded rooms include a basement and laundry room. The property is located in Akron, Ohio, with highway access identified in the surrounding area.
Public water and public sewer serve the site. Asphalt and fiberglass roofing are present, and the recorded rooms include a basement and laundry room. The property is located in Akron, Ohio, with highway access identified in the surrounding area.
Key Highlights
- Two homes on a wooded 0.8504‑acre lot
- 1660 Woods Road: 2 bedrooms and 1 full bathroom
- 1664 Woods Road: 1 bedroom and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,475
Cap Rate
8.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$229,500
$229.5K
Cap Rate 7%
$163,929
$163.9K
Cap Rate 9%
$127,500
$127.5K
Market Conditions
NOI Build-Up for 1,253 SF
Gross rent
$17.3K $13.80/SF
− Vacancy
−$899 −$0.72/SF
EGI
$16.4K $13.08/SF
− OpEx
−$4.9K −$3.92/SF
NOI
$11.5K $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%
$229,500
Cap Rate 7%
$163,929
Cap Rate 9%
$127,500
Alternative Uses
Best Use
Multifamily LT 5
$163.9K
$143.4K – $191.3K
NOI $11,475 @ 7.0% cap · market cap 8.50%
Second Best
Apartment 5plus
$143.5K
$125.6K – $167.4K
NOI $10,045 @ 7.0% cap · market cap 7.44%
Theoretical Best
Office A
$307.5K
$269.1K – $358.8K
NOI $21,525 @ 7.0% cap · market cap 15.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
153
Businesses Nearby
Explore this area
Business Placement
Demographics for 44306, OH
21,085
Population
10,424
Households
2
Avg Household Size
34
Median Age
9%
College-Educated
86%
High-School Grad
8.3 sq mi
ZIP Area
2,540
Density / Sq Mi
$41,105
Median Household Income
$30,481
Median Earnings
$901
Median Rent
$77,500
Median Home Value
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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 - Wooded residential income property with public utilities and separate living spaces requiring rehabilitation.
Where is this duplex located?
The property is located at 1664 Woods Road Akron, OH.
What is the asking price?
The asking price for this property is $135,000.
What are key features of this property?
This property features: Two homes on a wooded 0.8504‑acre lot; 1660 Woods Road: 2 bedrooms and 1 full bathroom; 1664 Woods Road: 1 bedroom and 1 bathroom
