Updated Duplex with Detached
206 Olivet Avenue Akron, OH 44319
New
206 Olivet Avenue, Akron, OH, 44319
$253,000
For Sale
$253,000
MULTI_FAMILY - Akron, OH
Property Size2,530 SF
Lot Size0.21 Acres
Price / SF$100
Days on Market2
Property Features for 206 Olivet Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 5
- Rooms
- Bathroom 4, Bedroom 1, Bedroom 4, Laundry Room, Bathroom 1, Bedroom 2, Bedroom 3, Basement, Bathroom 5, Bathroom 2, Bathroom 3
- Parking features
- Garage, Driveway, Paved or Surfaced
- Window features
- Screens, Wood Frames, Drapes
- Interior features
- CeilingFans, Chandelier, HighCeilings, LaminateCounters, PrimaryDownstairs, OpenFloorplan, Pantry, SoakingTub, WiredForData
- Exterior features
- Awnings, RainGutters, Storage
- Fireplace
- 1
- Standard status
- Active
- APN
- 1910095
- Size
- 2,530 SF
- Lot size
- 0.21 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3988
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Wood, Electric (Heating), Baseboard, Fireplace(s)
- Cooling system
- Ceiling Fan(s), Ductless, Central Air, Multi Units, Electric, Window Unit(s), Separate Meters, Wall Unit(s), Varies by Unit
- Water source
- Well
Building Details
- Year built
- 1924
- Floors in Building
- 1
- Building materials
- Asbestos
- Roof type
- Asphalt, Shingle
- Additional Structures
- Storage
Listing Agency
Real of Ohio
(330) 807-1303
545 Metro Place S Suite 100, Westlake, OH
Listed by
Suede E Beverly · License #2019005255
(234) 817-1312
Added: Jul 17 Checked: Jul 18 at 4:06 am
MLS# 5228452
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.
This move-in-ready duplex includes two residential units with in-unit laundry. Each unit has been updated and is ready for immediate occupancy, whether by an investor placing tenants or an owner-occupant living in one side while renting the other. Unit layouts include two bedrooms in each unit, with two bathrooms in one unit and 2.5 bathrooms in the other. A detached, oversized garage is also included, offering additional space for multiple vehicles and/or recreational storage.
The property is located in the Portage Lakes area of Akron near water, recreation, and local amenities. The roof on the main structure and the garage is described as brand new from 2026 with a transferable warranty.
The duplex will be sold as-is. The lot size is listed as 0.2067 acres, and the property size is listed as 2,530 square feet.
The property is located in the Portage Lakes area of Akron near water, recreation, and local amenities. The roof on the main structure and the garage is described as brand new from 2026 with a transferable warranty.
The duplex will be sold as-is. The lot size is listed as 0.2067 acres, and the property size is listed as 2,530 square feet.
Key Highlights
- Move‑in‑ready duplex in the Portage Lakes area of Akron, with updated units and a detached oversized garage
- Brand new main roof and garage roof (2026) with a transferable warranty
- Both units feature in‑unit laundry and updated interiors with an open floorplan plus ceiling fans and high ceilings
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 | $34.9k | $13.80 |
| − Vacancy | −$1.8k | −$0.72 |
| EGI | $33.1k | $13.08 |
| − OpEx | −$9.9k | −$3.92 |
| NOI | $23.2k | $9.16 |
2,530 SF · lease $13.80/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$331.0K
$289.6K – $386.2K
NOI $23,169 @ 7.0% cap · market cap 9.16%
Second Best
Apartment 5plus
$289.8K
$253.5K – $338.1K
NOI $20,283 @ 7.0% cap · market cap 8.02%
Theoretical Best
Office A
$620.9K
$543.3K – $724.4K
NOI $43,462 @ 7.0% cap · market cap 17.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Move-in-ready duplex offers updated interiors, in-unit laundry, and a detached oversized garage for flexible tenant or owner use.
Where is this duplex located?
The property is located at 206 Olivet Avenue Akron, OH.
What is the asking price?
The asking price for this property is $253,000.
What are key features of this property?
This property features: Move‑in‑ready duplex in the Portage Lakes area of Akron, with updated units and a detached oversized garage; Brand new main roof and garage roof (2026) with a transferable warranty; Both units feature in‑unit laundry and updated interiors with an open floorplan plus ceiling fans and high ceilings
