Renovated Duplex With Central
For Sale
$215,000
1939 Preston Ave, Akron, OH 44305
Two renovated 2-bed, 1-bath units feature separate utilities and central air, plus a balcony and private parking lot.
Property Size1,440 SF
Price / SF$149.31
Days on Market75
Property Features for 1939 Preston Ave
General Information
Standard status
Active
Size
1,440 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
balcony
private parking lot
Building Details
Year Built
1963
Listing Agency:
Keller Williams Citywide
Listed By:
Mark A Colucci · License #2020004747
(440) 590-5219
Source:
Theacclaimedrealty
Added: Jul 24
Changed: Sep 23
Last Checked: Oct 5 at 8:59PM
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.
1939 Preston Ave offers a renovated duplex configured with two 2-bedroom, 1-bath units. Each unit has separate utilities and central air. The property also includes a large balcony and a private parking lot, supporting straightforward, low-maintenance day-to-day living for residents.
The duplex is located on a quiet private dead-end street surrounded by residential homes.
The seller also references a potential package of four duplexes on the same lot, including 1919-1921 Preston Ave, 1925-1927 Preston Ave, 1931-1933 Preston Ave, and 1937-1939 Preston Ave.
The duplex is located on a quiet private dead-end street surrounded by residential homes.
The seller also references a potential package of four duplexes on the same lot, including 1919-1921 Preston Ave, 1925-1927 Preston Ave, 1931-1933 Preston Ave, and 1937-1939 Preston Ave.
Key Highlights
- Cash‑flowing duplex built in 1963 on a quiet private dead‑end street
- Two renovated 2‑bed, 1‑bath units
- Each unit has separate utilities and central air
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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
243
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two renovated 2-bed, 1-bath units feature separate utilities and central air, plus a balcony and private parking lot.
Where is this duplex located?
The property is located at 1939 Preston Ave 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: Cash‑flowing duplex built in 1963 on a quiet private dead‑end street; Two renovated 2‑bed, 1‑bath units; Each unit has separate utilities and central air
