Two-Home Residential Income
1664 Woods Road Akron, OH 44306
For Sale
Under Contract
$135,000
MULTI_FAMILY - Akron, OH
Property Size1,253 SF
Lot Size0.85 Acres
Price / SF$107.74
Days on Market109
Property Features for 1664 Woods Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Laundry Room, Bedroom 2, Bathroom 2, Bedroom 3, Bathroom 1, Basement, Bedroom 1
- 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
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
- Asphalt, Fiberglass
Listing Agency:
RE/MAX Crossroads Properties
(330) 929-9278
Listed By:
Jessica Nader · License #2019004118
(330) 209-2008
Added: Apr 10
Changed: Jul 23
Last Checked: Jul 27 at 8:06AM
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 residential income property includes two separate homes on a wooded lot. Unit at 1660 offers two bedrooms and one full bath, while 1664 offers one bedroom and one bath. Each home requires being cleaned out and rehabbed, offering a renovation opportunity for an appropriate buyer.
The property is in Akron, Ohio, near highway access and various amenities, providing convenient area access.
Overall, the asset is configured as a two-home setup on a single lot, with the bedroom-and-bath mix split between the two addresses as noted above.
The property is in Akron, Ohio, near highway access and various amenities, providing convenient area access.
Overall, the asset is configured as a two-home setup on a single lot, with the bedroom-and-bath mix split between the two addresses as noted above.
Key Highlights
- Two‑home property on a wooded (almost) 1‑acre lot
- 1660 unit: 2 bedrooms and 1 full bathroom
- 1664 unit: 1 bedroom and 1 bathroom
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $17.3k | $13.80 |
| − Vacancy | −$899 | −$0.72 |
| EGI | $16.4k | $13.08 |
| − OpEx | −$4.9k | −$3.92 |
| NOI | $11.5k | $9.16 |
1,253 SF · lease $13.80/SF/yr · vacancy 5.20% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two separate homes sit on a wooded lot, with units at 1660 and 1664 needing cleanup and rehab.
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‑home property on a wooded (almost) 1‑acre lot; 1660 unit: 2 bedrooms and 1 full bathroom; 1664 unit: 1 bedroom and 1 bathroom
