Renovated Duplex in Akron,
1927 Preston Avenue, Akron, OH 44305
New
- Added:
- May 29, 2026
- Days on Market:
- 1
- Last Refresh:
- May 29 at 4:06 pm
Property Features for 1927 Preston Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 1, Bedroom 2
- 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 agent Mark A Colucci License #2020004747 (440) 590-5219
Listing office Keller Williams Citywide 2001 Crocker Road, Suite 200, Westlake, OH (440) 892-2211
Listing date May 29, 2026
MLS# 5214313
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.
HighLights
- Strong cash‑flowing duplex generating $2,400/month gross rental income.
- Two spacious 2 bed / 1 bath units, each with separate utilities and central air.
- Located on a quiet, private dead‑end street in a residential area.
- Renovated multifamily property maximizing investor efficiency and tenant appeal.
- Includes a private parking lot.
- Potential to purchase a package of all 4 duplexes on the same lot.
Overview
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.
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 Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Akron
- County
- Summit
- State
- Ohio
- Longitude
- -81.45682
- Latitude
- 41.064681
Nearby Similar for Sale
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: Strong cash‑flowing duplex generating $2,400/month gross rental income.; Two spacious 2 bed / 1 bath units, each with separate utilities and central air.; Located on a quiet, private dead‑end street in a residential area.
