Akron Duplex with Long-Term
280 Cluster Avenue, Akron, OH 44305
MULTI_FAMILY - Akron, OH
Property size:
1,440 SFLot size:
0.18 Acres- Added:
- Apr 14, 2026
- Days on Market:
- 34
- Last Refresh:
- May 17 at 8:06 am
Property Features for 280 Cluster Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Basement, Laundry Room, Bedroom 3, Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 1, Bathroom 1
- Parking features
- Driveway
- Appliances
- Range, Refrigerator
- Standard status
- Pending
- APN
- 6838511
- Size
- 1,440 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- GOODVIEW PK LOT 116 S 1/2
- Tax Annual Amount
- 2739
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1963
- Floors in Building
- 2
- Building materials
- Brick
- Roof type
- Asphalt, Fiberglass
Listing agent Steven Mosholder License #2007005247 (330) 554-6770
Listing office Mosholder Realty Inc. 10 Northwest Ave Ste 100, OH (330) 633-5536
Listing date Apr 14, 2026
MLS# 5201220
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.
HighLights
- Two‑unit brick building with one vacant unit, ideal for immediate occupancy or tenant selection.
- Long‑term tenant (13 years) in the other unit provides immediate rental income.
- Located in the Ellet school district (Betty Jane, Hyre, Ellet).
- Updated furnaces (approx. 2013) and hot water tanks (2021 & 2023).
- Each unit features 2 bedrooms, 1 bath, eat‑in kitchen, and private basement with laundry hookups.
- Each unit has dedicated parking on a recently updated driveway, plus ample street parking.
Overview
This brick two-unit property is located on a low-traffic street near a dead end and is part of the Ellet school district. Each unit features 2 bedrooms, 1 full bath, hallway closet storage, and an eat-in kitchen. The kitchens include a range and refrigerator, which are owned by the landlord and will transfer to the buyers. The front living rooms are generously sized, and a rear door near the kitchen provides access to the patio and backyard. Each unit has a private full basement with laundry hookups and direct access from the front. The property includes a recently updated blacktop driveway with one parking spot for each unit, along with ample on-street parking. Tenants are responsible for gas, electric, and lawn maintenance, including snow removal on their side of the building. The furnace in unit 280 was updated around 2013, and the hot water tank was replaced in 2023. In unit 282, the furnace was replaced in February 2013, and the hot water tank in May 2021. The owner is responsible for Akron water, sewer, and trash services, which totaled approximately $165-175 per month in 2025. There is one meter for water, sewer, and trash for the entire building. The tenant in unit 282 has been occupying the property since February 2013, and the current rent is $660 with a 10% discount for payments received on or before the due date. The property is being sold as-is.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$146.5K
NOI $13,187 @ 9.00% cap · cautious / downside scenario
Moderate
$188.4K
NOI $13,187 @ 7.00% cap · market / base-case scenario
Aggressive
$263.7K
NOI $13,187 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| 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 Use Scenarios
Best Use
Multifamily LT 5
$188.4K
$164.8K – $219.8K
NOI $13,187 @ 7.0% cap · market cap 7.33%
Second Best
Apartment 5plus
$164.9K
$144.3K – $192.4K
NOI $11,545 @ 7.0% cap · market cap 6.42%
Theoretical Best
Office A
$353.4K
$309.2K – $412.3K
NOI $24,737 @ 7.0% cap · market cap 13.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Akron
- County
- Summit
- State
- Ohio
- Longitude
- -81.452978
- Latitude
- 41.06809
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Two-unit property with long-term tenant and recent updates.
Where is this duplex located?
The property is located at 280 Cluster Avenue Akron, OH.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: Two‑unit brick building with one vacant unit, ideal for immediate occupancy or tenant selection.; Long‑term tenant (13 years) in the other unit provides immediate rental income.; Located in the Ellet school district (Betty Jane, Hyre, Ellet).
