Two-Unit
222 Stoddard Ave, Akron, OH 44313
For Sale
$199,900
One residence is occupied, while the second is vacant and available for a new tenant or owner-occupant.
Property Size1,824 SF
Price / SF$109.59
Days on Market31
Property Features for 222 Stoddard Ave
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Building Details
Year Built
Listing Agency:
Real of Ohio
Listed By:
Michael Kaim · License #430767
(440) 488-6452
Source:
Themucciteam
Added: Oct 8
Changed: Nov 7
Last Checked: Nov 7 at 7:13PM
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 Real of Ohio
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,824-square-foot duplex, built in 1956, contains two residences. Each unit has two bedrooms and one full bathroom. The property is offered in as-is condition.
One unit is occupied and the other is vacant, providing a mix of current tenancy and available space. The property is on Stoddard Ave in Akron, Ohio, with shopping, dining, highways, and local amenities nearby.
One unit is occupied and the other is vacant, providing a mix of current tenancy and available space. The property is on Stoddard Ave in Akron, Ohio, with shopping, dining, highways, and local amenities nearby.
Key Highlights
- Two units, each with 2 bedrooms and 1 full bathroom
- 1,824 square feet; built in 1956
- One unit occupied and one vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,704
Cap Rate
8.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$334,080
$334.1K
Cap Rate 7%
$238,629
$238.6K
Cap Rate 9%
$185,600
$185.6K
Market Conditions
NOI Build-Up for 1,824 SF
Gross rent
$25.2K $13.80/SF
− Vacancy
−$1.3K −$0.72/SF
EGI
$23.9K $13.08/SF
− OpEx
−$7.2K −$3.92/SF
NOI
$16.7K $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%
$334,080
Cap Rate 7%
$238,629
Cap Rate 9%
$185,600
Alternative Uses
Best Use
Multifamily LT 5
$238.6K
$208.8K – $278.4K
NOI $16,704 @ 7.0% cap · market cap 8.36%
Second Best
Apartment 5plus
$208.9K
$182.8K – $243.7K
NOI $14,623 @ 7.0% cap · market cap 7.32%
Theoretical Best
Office A
$447.6K
$391.7K – $522.2K
NOI $31,334 @ 7.0% cap · market cap 15.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
556
Businesses Nearby
Explore this area
Business Placement
Demographics for 44313, OH
25,678
Population
14,054
Households
1.8
Avg Household Size
41
Median Age
50%
College-Educated
97%
High-School Grad
13.5 sq mi
ZIP Area
1,902
Density / Sq Mi
$76,404
Median Household Income
$46,882
Median Earnings
$1,041
Median Rent
$216,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Akron, OH
Properties on Market for Duplexes in Akron
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - One residence is occupied, while the second is vacant and available for a new tenant or owner-occupant.
Where is this duplex located?
The property is located at 222 Stoddard Ave Akron, OH.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 full bathroom; 1,824 square feet; built in 1956; One unit occupied and one vacant
