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    Renovated Duplex in Quiet Akron

    1939 Preston Avenue Akron, OH 44305

    1939 Preston Avenue, Akron, OH, 44305
    $224,800
    For Sale
    Claim this Listing
    $224,800

    MULTI_FAMILY - Akron, OH

    Property Size1,440 SF
    Lot Size0.15 Acres
    Price / SF$156.11
    AddedMay 29
    Days on Market47
    Last RefreshJul 14 at 2:06 pm

    Property Features for 1939 Preston Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 2, Bathroom 1
    Standard status
    Active
    APN
    6712090
    Size
    1,440 SF
    Lot size
    0.15 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    BRITT HTS LOT 97 ALL
    Tax Annual Amount
    2180

    Utilities

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

    Building Details

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

    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# 5214325 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 duplex at 1939 Preston Avenue in Akron, OH 44305, offers a peaceful setting and steady rental demand. The property is a strong cash-flowing duplex, perfect for investors seeking a low-maintenance, income-producing property with long-term upside. The duplex features two renovated 2 bed / 1 bath units with separate utilities and central air in each unit. The property also offers a large balcony and a private parking lot. The gross rental income is $2,350 per month. The property size is 1,440 square feet and the lot size is 0.1452 acres. The residential atmosphere helps attract and retain quality tenants. The property is located in Summit County, OH. There is potential to purchase a package of all four duplexes on the same lot.

    Key Highlights

    • Duplex built in 1963 with brick construction, forced‑air natural gas heat, and central air.
    • Two renovated 2 bed/1 bath units with separate utilities.
    • Gross rental income of $2,350/month reported in the listing remarks.

    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 Restaurant Spa & Massage Center Hair Salon Pharmacy Skin Care Clinic Gym & Fitness Center Auto Parts Store

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

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    FAQs

    What type of property is this?
    Duplex - Cash-flowing duplex with renovated units and separate utilities.
    Where is this duplex located?
    The property is located at 1939 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: Duplex built in 1963 with brick construction, forced‑air natural gas heat, and central air.; Two renovated 2 bed/1 bath units with separate utilities.; Gross rental income of $2,350/month reported in the listing remarks.
    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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