Updated Duplex with Modern
New
For Sale
$265,000
2652 Massillon Road, Akron, OH 44312
ResidentialIncome, Akron, OH
Property Size2,423 SF
Lot Size1.02 Acres
Price / SF$109.37
Days on Market2
Property Features for 2652 Massillon Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
2
Half bathrooms
2
Rooms
Bathroom 2, Bedroom 4, Bedroom 1, Bathroom 4, Laundry Room, Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 2
Parking features
Driveway, Garage, Assigned
Window features
Aluminum Frames, Screens
Interior features
CeilingFans, CathedralCeilings, EatInKitchen, GraniteCounters, HighCeilings, PrimaryDownstairs, OpenFloorplan, Pantry, StoneCounters
Exterior features
Lighting, PrivateYard
Fireplace
1
Appliances
Dishwasher, Range, Refrigerator, WaterSoftener
Lot features
Back Yard, Flat, Front Yard, Near Golf Course, Landscaped, Level, Stream Creek, Spring, Wooded
Elementary school district
Springfield LSD Summit- 7713
Middle school district
Springfield LSD Summit- 7713
High school district
Springfield LSD Summit- 7713
Directions
From 77 North, take exit 118, Massillon Rd., turn right, go through 3 turnabouts, keep straight, duplex on your left.
Standard status
Active
APN
5108858
Size
2,423 SF
Lot size
1.02 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
TR 3 LOT F W OF MASSILLON RD 126.91 FT FRT
Tax Annual Amount
2815
Legal Description
TR 3 LOT F W OF MASSILLON RD 126.91 FT FRT
Utilities
Sewer type
Septic Tank
Heating system
Natural Gas, Forced Air, Fireplace(s)
Cooling system
Ceiling Fan(s), Central Air
Water source
Well
Building Details
Year built
1986
Floors in Building
2
Building materials
WoodSiding
Roof type
Fiberglass, Asphalt
Listing Agency:
Cutler Real Estate
(330) 492-7230
Listed By:
Rhesa M Toth · License #391768
(330) 323-2432
Added: Sep 9
Changed: Sep 10
Last Checked: Sep 10 at 4:06PM
MLS# 5241877
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 duplex contains 2,423 square feet on a 1.02-acre parcel, with two residential units and a layout that includes bedrooms, bathrooms, laundry space, kitchens, pantries, and dining areas. Interior improvements include new flooring, refreshed cabinetry, granite and stone countertops, updated interior doors, dishwashers, ceiling fans, and high or cathedral ceilings. A fireplace, central air, forced-air natural gas heating, and a water softener are also included.
The exterior was repainted in 2023, while energy-efficient windows were installed in 2024. The air-conditioning and furnace systems were replaced in 2021 and 2023. Wood siding, an asphalt and fiberglass roof, private yard, exterior lighting, a garage, assigned parking, and a driveway add to the property’s physical amenities. Water is supplied by a well and wastewater is handled by a septic tank. Built in 1986, the property offers separate-unit flexibility for rental or owner-occupant use.
The exterior was repainted in 2023, while energy-efficient windows were installed in 2024. The air-conditioning and furnace systems were replaced in 2021 and 2023. Wood siding, an asphalt and fiberglass roof, private yard, exterior lighting, a garage, assigned parking, and a driveway add to the property’s physical amenities. Water is supplied by a well and wastewater is handled by a septic tank. Built in 1986, the property offers separate-unit flexibility for rental or owner-occupant use.
Key Highlights
- 2,423 square feet on 1.02 acres
- Duplex with two residential units
- Exterior repaint completed in 2023
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
$22,189
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
8.37%
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%
$443,780
$443.8K
Cap Rate 7%
$316,986
$317.0K
Cap Rate 9%
$246,544
$246.5K
Market Conditions
NOI Build-Up for 2,423 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
$33.4K $13.80/SF
− Vacancy
−$1.7K −$0.72/SF
EGI
$31.7K $13.08/SF
− OpEx
−$9.5K −$3.92/SF
NOI
$22.2K $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%
$443,780
Cap Rate 7%
$316,986
Cap Rate 9%
$246,544
Alternative Uses
Best Use
Multifamily LT 5
$317.0K
$277.4K – $369.8K
NOI $22,189 @ 7.0% cap · market cap 8.37%
Second Best
Apartment 5plus
$277.5K
$242.8K – $323.8K
NOI $19,426 @ 7.0% cap · market cap 7.33%
Theoretical Best
Office A
$594.6K
$520.3K – $693.7K
NOI $41,624 @ 7.0% cap · market cap 15.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
51
Businesses Nearby
Explore this area
Business Placement
Demographics for 44312, OH
30,510
Population
14,299
Households
2.1
Avg Household Size
44
Median Age
19%
College-Educated
92%
High-School Grad
19.0 sq mi
ZIP Area
1,606
Density / Sq Mi
$64,542
Median Household Income
$41,829
Median Earnings
$994
Median Rent
$142,100
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 - Two-unit property with renovated interiors, private outdoor space, and garage parking.
Where is this duplex located?
The property is located at 2652 Massillon Road Akron, OH.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: 2,423 square feet on 1.02 acres; Duplex with two residential units; Exterior repaint completed in 2023
