Renovated Duplex with Central
For Sale
$215,000
1921 Preston Avenue, Akron, OH 44305
ResidentialIncome, Akron, OH
Property Size1,440 SF
Lot Size0.11 Acres
Price / SF$149.31
Days on Market132
Property Features for 1921 Preston Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 2
Subdivision
Britt Heights
Elementary school district
Akron CSD - 7701
Middle school district
Akron CSD - 7701
High school district
Akron CSD - 7701
Directions
Off Adelaide
Standard status
Active
APN
6712089
Size
1,440 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BRITT HTS LOT 94 ALL
Tax Annual Amount
2168
Legal Description
BRITT HTS LOT 94 ALL
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Amenities
balcony
private parking lot
central air
Building Details
Year built
1963
Floors in Building
2
Building materials
Brick
Roof type
Fiberglass, Asphalt
Listing Agency:
Keller Williams Citywide · Keller Williams Realty
(440) 892-2211
Listed By:
Mark A Colucci · License #2020004747
(440) 590-5219
Added: May 29
Changed: Sep 21
Last Checked: Oct 7 at 12:06AM
MLS# 5214306
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 1,440-square-foot duplex includes two renovated units, each with two bedrooms and one bathroom. Separate utilities and central air serve both residences, while the brick exterior, forced-air natural-gas heating, and fiberglass/asphalt roof provide established building features. Constructed in 1963, the property also includes a large balcony and private parking lot.
The duplex occupies 0.1054 acres and is positioned on a private dead-end street surrounded by residential homes. Public water and public sewer serve the property, and both units are fully occupied.
The duplex occupies 0.1054 acres and is positioned on a private dead-end street surrounded by residential homes. Public water and public sewer serve the property, and both units are fully occupied.
Key Highlights
- 1,440‑square‑foot duplex with two renovated 2 bed / 1 bath units
- Separate utilities and central air for both units
- Fully occupied property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,187
Cap Rate
6.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$263,740
$263.7K
Cap Rate 7%
$188,386
$188.4K
Cap Rate 9%
$146,522
$146.5K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$19.9K $13.80/SF
− Vacancy
−$1.0K −$0.72/SF
EGI
$18.8K $13.08/SF
− OpEx
−$5.7K −$3.92/SF
NOI
$13.2K $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%
$263,740
Cap Rate 7%
$188,386
Cap Rate 9%
$146,522
Alternative Uses
Best Use
Multifamily LT 5
$188.4K
$164.8K – $219.8K
NOI $13,187 @ 7.0% cap · market cap 6.13%
Second Best
Apartment 5plus
$164.9K
$144.3K – $192.4K
NOI $11,545 @ 7.0% cap · market cap 5.37%
Theoretical Best
Office A
$353.4K
$309.2K – $412.3K
NOI $24,737 @ 7.0% cap · market cap 11.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
265
Businesses Nearby
Explore this area
Business Placement
Demographics for 44305, OH
21,214
Population
10,230
Households
2.1
Avg Household Size
38
Median Age
17%
College-Educated
88%
High-School Grad
6.7 sq mi
ZIP Area
3,166
Density / Sq Mi
$55,909
Median Household Income
$37,409
Median Earnings
$974
Median Rent
$89,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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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 - Fully occupied two-unit property with separate utilities, private parking, and public water and sewer.
Where is this duplex located?
The property is located at 1921 Preston Avenue Akron, OH.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: 1,440‑square‑foot duplex with two renovated 2 bed / 1 bath units; Separate utilities and central air for both units; Fully occupied property
