Turnkey Duplex with Central
1933 Preston Ave Akron, OH 44305
New
1933 Preston Ave, Akron, OH, 44305
$224,800
For Sale
$224,800
Renovated two-unit duplex with separate utilities, central air, and private parking lot.
Property Size1,440 SF
Price / SF$156.11
Days on Market2
Property Features for 1933 Preston Ave
General Information
- Standard status
- Active
- Size
- 1,440 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1963
Listing agency
Keller Williams Citywide
(440) 590-5219
Listed by
Mark A Colucci · License #2020004747
Source
Kmlkrealty
Added: Jul 21 Updated: Jul 22 at 1:52PM Checked: Jul 22 at 1:52PM
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 Keller Williams Citywide
Investment Insights
Based on property information with market context.
This turnkey duplex offers two renovated 2-bedroom, 1-bath units designed for straightforward rental living. Each unit has separate utilities and central air, supporting tenant comfort while helping keep operating expenses manageable. Additional features include a large balcony and a private parking lot.
The property is located on a quiet private dead-end street surrounded by residential homes in Akron, OH.
The seller also notes a potential package option for additional duplexes on the same lot: 1919-1921 Preston Ave., 1925-1927 Preston Ave., 1931-1933 Preston Ave., and 1937-1939 Preston Ave.
The property is located on a quiet private dead-end street surrounded by residential homes in Akron, OH.
The seller also notes a potential package option for additional duplexes on the same lot: 1919-1921 Preston Ave., 1925-1927 Preston Ave., 1931-1933 Preston Ave., and 1937-1939 Preston Ave.
Key Highlights
- Turnkey duplex built in 1963 featuring two renovated 2 bed / 1 bath units
- Two units have separate utilities
- Central air in 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
Location Intelligence
Current Use by Public Records
Majesty wear
Clothes Market
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Renovated two-unit duplex with separate utilities, central air, and private parking lot.
Where is this duplex located?
The property is located at 1933 Preston Ave 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: Turnkey duplex built in 1963 featuring two renovated 2 bed / 1 bath units; Two units have separate utilities; Central air in each unit
