Duplex with Walk-Out
For Sale
$292,500
Pending
3807-3811 Edgepark Drive, Akron, OH 44319
The property includes private entrances, balconies, and an attached garage.
Property Size1,976 SF
Days on Market10
Property Features for 3807-3811 Edgepark Drive
General Information
Standard status
Pending
Size
1,976 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,648
Amenities
Lake
Ceiling Fan(s), Wall/Window Unit(s), Central Air
Natural Gas, Forced Air
Finished, Partially Finished, Walk-Out Access
Dishwasher, Microwave, Range, Refrigerator
Breakfast Bar, Ceiling Fan(s), Eat-in Kitchen, Open Floorplan, Recessed Lighting
Trees/Woods
Attached, Concrete, Driveway, Garage Faces Front, Garage, Off Street, Paved
Balcony, Private Entrance
Building Details
Year Built
1971
Buildings
1
Stories
2
Listing Agency:
Stouffer Realty Inc
Listed By:
Mark Dujanovic · License #2020001684
(330) 819-3437
Source:
Evrealestate
Added: Sep 28
Changed: Oct 6
Last Checked: Oct 5 at 6:29PM
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 Stouffer Realty Inc
Investment Insights
Based on property information with market context.
Built in 1971, this 1,976-square-foot duplex has a finished and partially finished area with walk-out access. Interior features include an eat-in kitchen with breakfast bar, recessed lighting, dishwasher, microwave, range, and refrigerator. Heating is natural gas forced air, with central air and wall/window units noted.
Each residence has a private entrance and balcony. The property also includes an attached garage, paved concrete driveway, and off-street parking.
Each residence has a private entrance and balcony. The property also includes an attached garage, paved concrete driveway, and off-street parking.
Key Highlights
- 1,976 square feet
- Built in 1971
- Finished and partially finished area with walk‑out access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,096
Cap Rate
6.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$361,920
$361.9K
Cap Rate 7%
$258,514
$258.5K
Cap Rate 9%
$201,067
$201.1K
Market Conditions
NOI Build-Up for 1,976 SF
Gross rent
$27.3K $13.80/SF
− Vacancy
−$1.4K −$0.72/SF
EGI
$25.9K $13.08/SF
− OpEx
−$7.8K −$3.92/SF
NOI
$18.1K $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%
$361,920
Cap Rate 7%
$258,514
Cap Rate 9%
$201,067
Alternative Uses
Best Use
Multifamily LT 5
$258.5K
$226.2K – $301.6K
NOI $18,096 @ 7.0% cap · market cap 6.19%
Second Best
Apartment 5plus
$226.3K
$198.0K – $264.0K
NOI $15,842 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$484.9K
$424.3K – $565.8K
NOI $33,945 @ 7.0% cap · market cap 11.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
145
Businesses Nearby
Explore this area
Business Placement
Demographics for 44319, OH
21,833
Population
9,950
Households
2.2
Avg Household Size
48
Median Age
30%
College-Educated
96%
High-School Grad
19.0 sq mi
ZIP Area
1,149
Density / Sq Mi
$74,781
Median Household Income
$43,662
Median Earnings
$1,081
Median Rent
$188,400
Median Home Value
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 - The property includes private entrances, balconies, and an attached garage.
Where is this duplex located?
The property is located at 3807-3811 Edgepark Drive Akron, OH.
What is the asking price?
The asking price for this property is $292,500.
What are key features of this property?
This property features: 1,976 square feet; Built in 1971; Finished and partially finished area with walk‑out access
