Renovated Duplex in Akron,
1927 Preston Avenue Akron, OH 44305
1927 Preston Avenue, Akron, OH, 44305
$224,800
For Sale
$224,800
MULTI_FAMILY - Akron, OH
Property Size1,440 SF
Lot Size0.11 Acres
Price / SF$156.11
Days on Market50
Property Features for 1927 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
- 6712087
- Size
- 1,440 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- BRITT HTS LOT 95 ALL
- Tax Annual Amount
- 2180
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 Agency
Keller Williams Citywide
(440) 892-2211
2001 Crocker Road, Suite 200, Westlake, OH
Listed by
Mark A Colucci · License #2020004747
(440) 590-5219
Added: May 29 Checked: Jul 17 at 1:06 pm
MLS# 5214313
Listing URL
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Investment Insights
Based on property information with market context.
Located on a quiet, private dead-end street surrounded by residential homes, this renovated multifamily property at 1927 Preston Avenue in Akron, OH, offers a low-stress investment opportunity. The property features two spacious 2-bedroom, 1-bath units. Each unit has separate utilities and central air. The property provides a large balcony and a private parking lot. The gross rental income is $2,400 per month. The lot size is 0.1136 acres, and the property size is 1440 square feet. The property is part of a potential package of four duplexes on the same lot, including addresses 1919-1921 Preston Ave., 1925-1927 Preston Ave., 1931-1933 Preston Ave., and 1937-1939 Preston Ave. This property is suitable for both seasoned investors and those looking to expand their portfolio with a stable income-producing property.
Key Highlights
- $2,400/month gross rental income duplex with two 2 bed/1 bath units
- Central air in each unit plus forced air heating with natural gas
- Separate utilities for each unit
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
NOI $13,187 @ 7.0% cap · market cap 5.87%
Second Best
Apartment 5plus
$164.9K
$144.3K – $192.4K
NOI $11,545 @ 7.0% cap · market cap 5.14%
Theoretical Best
Office A
$353.4K
$309.2K – $412.3K
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
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Cash-flowing duplex with renovated units, separate utilities, and parking.
Where is this duplex located?
The property is located at 1927 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: $2,400/month gross rental income duplex with two 2 bed/1 bath units; Central air in each unit plus forced air heating with natural gas; Separate utilities for each unit
