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    Cash-Flowing Duplex on Quiet Street

    1921 Preston Avenue Akron, OH 44305

    1921 Preston Avenue, Akron, OH, 44305
    $224,800
    For Sale
    Claim this Listing
    $224,800

    MULTI_FAMILY - Akron, OH

    Property Size1,440 SF
    Lot Size0.11 Acres
    Price / SF$156.11
    AddedMay 29
    Days on Market47
    Last RefreshJul 14 at 5:06 pm

    Property Features for 1921 Preston Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 4, Bedroom 1, Bedroom 3
    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

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1963
    Floors in Building
    2
    Building materials
    Brick
    Roof type
    Fiberglass, Asphalt

    Listing agent Mark A Colucci License #2020004747

    Listing office Keller Williams Citywide 2001 Crocker Road, Suite 200, Westlake, OH

    Listing date May 29, 2026

    MLS# 5214306 Listing URL

    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.

    Located on a quiet, private dead-end street surrounded by residential homes, this fully occupied duplex offers privacy, stability, and rental income. The property features two renovated units, each with 2 bedrooms and 1 bathroom. Each unit has separate utilities and central air. The property generates $1,950 per month in gross rental income, with the top unit rented at $950 per month and the bottom unit at $1,000 per month. Tenants have access to a large balcony and a private parking lot. The property is situated on a 0.1054-acre lot. The building size is 1,440 square feet. This property is located in Akron, OH 44305. There is potential to purchase a package of all four duplexes on the same lot: 1919-1921 Preston Ave., 1925-1927 Preston Ave., 1931-1933 Preston Ave., 1937-1939 Preston Ave.

    Key Highlights

    • Cash‑flowing duplex built in 1963 with brick construction
    • Fully occupied with two renovated 2 bed/1 bath units
    • Gross rents of $1,950/month: top unit $950/month, bottom unit $1,000/month

    Local 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 $19.9k $13.80
    − Vacancy −$1.0k −$0.72
    EGI $18.8k $13.08
    − OpEx −$5.7k −$3.92
    NOI $13.2k $9.16
    1,440 SF · lease $13.80/SF/yr · vacancy 5.20% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $188.4K
    $164.8K – $219.8K (±1% cap)
    NOI $13,187 @ 7.0% cap · market cap 5.87%
    Second Best
    Apartment 5plus
    $164.9K
    $144.3K – $192.4K (±1% cap)
    NOI $11,545 @ 7.0% cap · market cap 5.14%
    Theoretical Best
    Office A
    $353.4K
    $309.2K – $412.3K (±1% cap)
    NOI $24,737 @ 7.0% cap · market cap 11.00%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Dental Office Pharmacy Restaurant Spa & Massage Center Skin Care Clinic Gym & Fitness Center HVAC Service Hair Salon

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Duplex - Fully occupied, renovated duplex generating $1,950 monthly rental income.
    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 $224,800.
    What are key features of this property?
    This property features: Cash‑flowing duplex built in 1963 with brick construction; Fully occupied with two renovated 2 bed/1 bath units; Gross rents of $1,950/month: top unit $950/month, bottom unit $1,000/month
    Contact an agent
    (440) 590-5219
    We can help!
    Contact an agent
    Mark A Colucci
    Mark A Colucci
    Real Estate License ID: 2020004747
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