All-Brick Duplex with
New
For Sale
$209,900
2358 & 2360 Congo Street, Akron, OH 44305
ResidentialIncome, Akron, OH
Property Size1,660 SF
Lot Size0.27 Acres
Price / SF$126.45
Days on Market1
Property Features for 2358 & 2360 Congo Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Half bathrooms
1
Rooms
Basement, Bedroom 2, Bedroom 1, Bathroom 3, Bedroom 4, Laundry Room, Bathroom 2, Bedroom 5, Bedroom 3, Bathroom 1
Parking features
Garage, Driveway
Appliances
Dishwasher, Range, Refrigerator
Subdivision
Roosevelt Heights
Elementary school district
Akron CSD - 7701
Middle school district
Akron CSD - 7701
High school district
Akron CSD - 7701
Directions
Darrow Rd to Congo (2 blocks from Newton St)
Standard status
Active
APN
6715726
Size
1,660 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
ROOSEVELT HTS LOT 83 N 120FT OF E 45FT
Tax Annual Amount
3034
Legal Description
ROOSEVELT HTS LOT 83 N 120FT OF E 45FT
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Amenities
full basements
separate locked storage areas
individual laundry hookups
Building Details
Year built
1966
Floors in Building
1
Building materials
Brick
Roof type
Fiberglass, Asphalt
Listing Agency:
High Point Real Estate Group
(330) 800-9116
Listed By:
Todd Ryan Casey · License #2019000736
(330) 990-8633
Added: Sep 13
Last Checked: Sep 13 at 6:06PM
MLS# 5243765
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 1,660-square-foot duplex on a 0.2738-acre lot was built in 1966 and includes one three-bedroom, two-bath unit alongside a two-bedroom, one-bath unit. Both residences have updated kitchens, living areas, bedroom storage, full basements with separate locked storage, individual laundry hookups, and an attached one-car garage. The all-brick exterior is paired with newer roofing, HVAC systems, and plumbing. Appliances include dishwashers, ranges, and refrigerators, while heating is provided by natural-gas forced air and cooling by central air.
Located at 2358 & 2360 Congo Street in Akron, the property has public water and public sewer service. Shopping, restaurants, parks, major highways, and other local amenities are nearby. Both units are fully occupied by long-term tenants who would like to remain, and the layout also supports an owner-occupant arrangement with one residence rented separately.
Located at 2358 & 2360 Congo Street in Akron, the property has public water and public sewer service. Shopping, restaurants, parks, major highways, and other local amenities are nearby. Both units are fully occupied by long-term tenants who would like to remain, and the layout also supports an owner-occupant arrangement with one residence rented separately.
Key Highlights
- Two‑unit layout with one 3‑bedroom, 2‑bath unit and one 2‑bedroom, 1‑bath unit
- 1,660 square feet on a 0.2738‑acre lot
- Attached one‑car garage for each unit, plus driveway parking
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,202
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.24%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$304,040
$304.0K
Cap Rate 7%
$217,171
$217.2K
Cap Rate 9%
$168,911
$168.9K
Market Conditions
NOI Build-Up for 1,660 SF
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.
Gross rent
$22.9K $13.80/SF
− Vacancy
−$1.2K −$0.72/SF
EGI
$21.7K $13.08/SF
− OpEx
−$6.5K −$3.92/SF
NOI
$15.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$304,040
Cap Rate 7%
$217,171
Cap Rate 9%
$168,911
Alternative Uses
Best Use
Multifamily LT 5
$217.2K
$190.0K – $253.4K
NOI $15,202 @ 7.0% cap · market cap 7.24%
Second Best
Apartment 5plus
$190.1K
$166.4K – $221.8K
NOI $13,308 @ 7.0% cap · market cap 6.34%
Theoretical Best
Office A
$407.4K
$356.5K – $475.3K
NOI $28,517 @ 7.0% cap · market cap 13.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
239
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
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Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied two-unit property with private basements, laundry hookups, and attached garage parking for each residence.
Where is this duplex located?
The property is located at 2358 & 2360 Congo Street Akron, OH.
What is the asking price?
The asking price for this property is $209,900.
What are key features of this property?
This property features: Two‑unit layout with one 3‑bedroom, 2‑bath unit and one 2‑bedroom, 1‑bath unit; 1,660 square feet on a 0.2738‑acre lot; Attached one‑car garage for each unit, plus driveway parking
