3-Unit Brick
For Sale
$295,000
1804-1808 Cromwell Drive, Akron, OH 44313
The vacant apartments have separate utility meters, individual garage bays, and laundry hookups in a shared lower-level area.
Property Size2,632 SF
Price / SF$112.08
Days on Market13
Property Features for 1804-1808 Cromwell Drive
General Information
Standard status
Active
Size
2,632 SF
Total Parking Spaces
3
Property subtype
Residential Income
Property Condition
Severity
Repairs Needed
Evidence
fresh paint and new flooring
Site & Location
Neighborhood
Northwest Akron
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Parking per Unit
1
Individually Metered Utilities
water, gas, electricity
Taxes and HOA fees
Annual Taxes
$2,013
Amenities
laundry hookups
Apartment
true
3
5
Common Area
false
2632
1310
Assessor
Public
0.2772
Detached,Garage
1
Building Details
Building Size
2,632 SF
Year Built
1965
Buildings
1
Stories
3
Construction
brick
Listing Agency:
RE/MAX Edge Realty
(304) 501-5212
Listed By:
Patrick Lucey
Source:
Karenullomrealty
Added: Oct 21
Changed: Oct 31
Last Checked: Oct 31 at 3:36AM
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 Edge Realty
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Investment Insights
Based on property information with market context.
This 2,632-square-foot brick triplex contains two two-bedroom, one-bath apartments and one one-bedroom, one-bath apartment. Each unit has a dedicated garage bay and separate water, gas, and electric meters. A lower-level common area includes individual laundry hookups. The building is vacant. Improvements include paint and flooring, a furnace installed in Unit 1804 in December 2024, and a water heater installed in Unit 1806 in January 2025.
The property sits on a dead-end street in Akron, near Sand Run Metro Park. Summit Mall, Stan Hywet Hall & Gardens, public transportation, and I-77 are a short distance away. The 0.2772-acre property was built in 1965. Tenants are responsible for their individual utilities; the owner covers electricity for common areas and exterior lighting.
The property sits on a dead-end street in Akron, near Sand Run Metro Park. Summit Mall, Stan Hywet Hall & Gardens, public transportation, and I-77 are a short distance away. The 0.2772-acre property was built in 1965. Tenants are responsible for their individual utilities; the owner covers electricity for common areas and exterior lighting.
Key Highlights
- Three apartments: two 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit
- 2,632 square feet on 0.2772 acres
- A dedicated garage bay and separate water, gas, and electric meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,103
Cap Rate
8.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$482,060
$482.1K
Cap Rate 7%
$344,329
$344.3K
Cap Rate 9%
$267,811
$267.8K
Market Conditions
NOI Build-Up for 2,632 SF
Gross rent
$36.3K $13.80/SF
− Vacancy
−$1.9K −$0.72/SF
EGI
$34.4K $13.08/SF
− OpEx
−$10.3K −$3.92/SF
NOI
$24.1K $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%
$482,060
Cap Rate 7%
$344,329
Cap Rate 9%
$267,811
Alternative Uses
Best Use
Multifamily LT 5
$344.3K
$301.3K – $401.7K
NOI $24,103 @ 7.0% cap · market cap 8.17%
Second Best
Apartment 5plus
$301.4K
$263.8K – $351.7K
NOI $21,101 @ 7.0% cap · market cap 7.15%
Theoretical Best
Office A
$645.9K
$565.2K – $753.6K
NOI $45,214 @ 7.0% cap · market cap 15.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
75
Businesses Nearby
Explore this area
Business Placement
Demographics for 44313, OH
25,678
Population
14,054
Households
1.8
Avg Household Size
41
Median Age
50%
College-Educated
97%
High-School Grad
13.5 sq mi
ZIP Area
1,902
Density / Sq Mi
$76,404
Median Household Income
$46,882
Median Earnings
$1,041
Median Rent
$216,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Triplex - The vacant apartments have separate utility meters, individual garage bays, and laundry hookups in a shared lower-level area.
Where is this triplex located?
The property is located at 1804-1808 Cromwell Drive Akron, OH.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Three apartments: two 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit; 2,632 square feet on 0.2772 acres; A dedicated garage bay and separate water, gas, and electric meters for each unit
