Residential Income
For Sale
$147,000
1797-1799 13th Street SW, Akron, OH 44314
Two-unit residential income property with natural gas forced-air heat and unfinished basement space.
Property Size1,412 SF
Price / SF$104.11
Days on Market93
Property Features for 1797-1799 13th Street SW
General Information
Standard status
Active
Size
1,412 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$1,775
Amenities
Natural Gas, Forced Air
Full, Unfinished
No Garage, None
Building Details
Year Built
1915
Buildings
1
Stories
1
Listing Agency:
Platinum Real Estate Professionals, LLC
(216) 403-6830
Listed By:
Melissa Harris · License #2018002300
(216) 403-6830
Source:
Evrealestate
Added: May 31
Changed: Aug 30
Last Checked: Aug 30 at 6:49PM
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 Platinum Real Estate Professionals, LLC
Investment Insights
Based on property information with market context.
Built in 1915, this residential income property contains 1,412 square feet and is configured as a two-unit building at 1797-1799 13th Street SW. The property includes natural gas forced-air heating and a full, unfinished basement. There is no garage, and no additional exterior features are identified.
The property is located in Akron, Ohio, within Summit County, with directions referencing Battles and 13th. Its dual-address configuration supports its classification as a residential income asset.
The property is located in Akron, Ohio, within Summit County, with directions referencing Battles and 13th. Its dual-address configuration supports its classification as a residential income asset.
Key Highlights
- 1,412‑square‑foot residential income property
- Two‑unit configuration at 1797‑1799 13th Street SW
- Built in 1915
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
$11,320
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
7.70%
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%
$226,400
$226.4K
Cap Rate 7%
$161,714
$161.7K
Cap Rate 9%
$125,778
$125.8K
Market Conditions
NOI Build-Up for 1,412 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
$21.7K $15.36/SF
− Vacancy
−$1.1K −$0.78/SF
EGI
$20.6K $14.58/SF
− OpEx
−$9.3K −$6.56/SF
NOI
$11.3K $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%
$226,400
Cap Rate 7%
$161,714
Cap Rate 9%
$125,778
Alternative Uses
Best Use
Apartment 5plus
$161.7K
$141.5K – $188.7K
NOI $11,320 @ 7.0% cap · market cap 7.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$346.5K
$303.2K – $404.3K
NOI $24,256 @ 7.0% cap · market cap 16.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
162
Businesses Nearby
Explore this area
Business Placement
Demographics for 44314, OH
17,686
Population
9,085
Households
1.9
Avg Household Size
39
Median Age
12%
College-Educated
87%
High-School Grad
4.4 sq mi
ZIP Area
4,020
Density / Sq Mi
$47,358
Median Household Income
$31,481
Median Earnings
$924
Median Rent
$83,000
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Two-unit residential income property with natural gas forced-air heat and unfinished basement space.
Where is this residential income property located?
The property is located at 1797-1799 13th Street SW Akron, OH.
What is the asking price?
The asking price for this property is $147,000.
What are key features of this property?
This property features: 1,412‑square‑foot residential income property; Two‑unit configuration at 1797‑1799 13th Street SW; Built in 1915
