Remodeled Duplex with Attached
New
For Sale
$292,500
3807-3811 Edgepark Drive, Akron, OH 44319
ResidentialIncome, Akron, OH
Property Size1,976 SF
Lot Size0.35 Acres
Price / SF$148.03
Days on Market1
Property Features for 3807-3811 Edgepark Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
2
Half bathrooms
2
Rooms
Bathroom 2, Basement, Bedroom 4, Bedroom 1, Bathroom 4, Laundry Room, Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 2
Parking features
Driveway, Off Street, Garage
Interior features
BreakfastBar, CeilingFans, EatInKitchen, OpenFloorplan, RecessedLighting
Exterior features
Balcony, PrivateEntrance
Appliances
Dishwasher, Microwave, Range, Refrigerator
Subdivision
Coventry 13
Lot features
Back Yard, Front Yard, Views, Wooded
Elementary school district
Coventry LSD - 7704
Middle school district
Coventry LSD - 7704
High school district
Coventry LSD - 7704
Directions
S. Turkeyfoot to Edgepark Dr., duplex on the left
Standard status
Active
APN
1907367
Size
1,976 SF
Lot size
0.35 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
TR 13 PT OF RT OF WAY E OF LOT 369 WILLOW VIEW & S OF EDGE PK .350A
Tax Annual Amount
4649
Legal Description
TR 13 PT OF RT OF WAY E OF LOT 369 WILLOW VIEW & S OF EDGE PK .350A
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Window Unit(s), Central Air
Water source
Well
Amenities
private balcony
recreation room
laundry/utility area
eat-in kitchen
Building Details
Year built
1971
Floors in Building
2
Building materials
AluminumSiding, VinylSiding
Roof type
Fiberglass, Asphalt
Listing Agency:
Berkshire Hathaway HomeServices Stouffer Realty
(330) 677-3430
Listed By:
Mark Dujanovic · License #2020001684
(330) 819-3437
Added: Sep 10
Last Checked: Sep 10 at 6:06PM
MLS# 5243387
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 two approximately 988-square-foot units, each arranged with two bedrooms, one-and-a-half baths, a living room, eat-in kitchen, lower-level recreation room, laundry and utility area, private balcony, and attached one-car garage. One unit has been remodeled with newer appliances, an oversized breakfast bar, LVP flooring, and updated mechanicals. The property also features a newer roof, gutters, downspouts, and most windows, with the exterior painted in 2021.
The 1,976-square-foot property occupies a 0.3471-acre private wooded lot at 3807-3811 Edgepark Drive in Akron. One unit is occupied by a long-term tenant, while the renovated unit is vacant and available for owner occupancy or leasing. Additional property features include natural gas forced-air heating, a mix of central air and window units, public sewer, well water, driveway and off-street parking, and asphalt and fiberglass roofing.
The 1,976-square-foot property occupies a 0.3471-acre private wooded lot at 3807-3811 Edgepark Drive in Akron. One unit is occupied by a long-term tenant, while the renovated unit is vacant and available for owner occupancy or leasing. Additional property features include natural gas forced-air heating, a mix of central air and window units, public sewer, well water, driveway and off-street parking, and asphalt and fiberglass roofing.
Key Highlights
- Two‑unit duplex with approximately 988 square feet per unit and attached one‑car garages
- 1,976‑square‑foot property on a 0.3471‑acre private wooded lot
- Renovated unit includes newer appliances, oversized breakfast bar, LVP flooring, and updated mechanicals
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
$18,096
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
6.19%
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%
$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
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
$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 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%
$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
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with updated interiors, private balconies, recreation rooms, and flexible owner-use or leasing options.
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: Two‑unit duplex with approximately 988 square feet per unit and attached one‑car garages; 1,976‑square‑foot property on a 0.3471‑acre private wooded lot; Renovated unit includes newer appliances, oversized breakfast bar, LVP flooring, and updated mechanicals
