Residential Income Property with
For Sale
$524,950
453-455 S Frank Boulevard, Akron, OH 44313
The property includes central air, natural gas forced-air heating, and an attached garage.
Property Size3,608 SF
Price / SF$145.50
Days on Market10
Property Features for 453-455 S Frank Boulevard
General Information
Standard status
Active
Size
3,608 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$9,583
Amenities
Central Air
Natural Gas, Forced Air
Full
Attached, Driveway, Garage Faces Front, Garage, Garage Door Opener
Building Details
Year Built
1984
Buildings
1
Stories
2
Listing Agency:
Stouffer Realty Inc
Listed By:
Thomas M Boggs · License #264748
(330) 322-7500
Source:
Evrealestate
Added: Oct 9
Changed: Oct 15
Last Checked: Oct 16 at 6:56AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This residential income property contains 3,608 square feet and was built in 1984. Interior features include central air and natural gas forced-air heating. An attached garage with a front-facing door and opener, along with a driveway, provides on-site vehicle access.
Key Highlights
- 3,608 square feet of residential income property
- Built in 1984
- Central air and natural gas forced‑air heating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,926
Cap Rate
5.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$578,520
$578.5K
Cap Rate 7%
$413,229
$413.2K
Cap Rate 9%
$321,400
$321.4K
Market Conditions
NOI Build-Up for 3,608 SF
Gross rent
$55.4K $15.36/SF
− Vacancy
−$2.8K −$0.78/SF
EGI
$52.6K $14.58/SF
− OpEx
−$23.7K −$6.56/SF
NOI
$28.9K $8.02/SF
Area
Akron, OH
Vacancy
5.10%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$578,520
Cap Rate 7%
$413,229
Cap Rate 9%
$321,400
Alternative Uses
Best Use
Apartment 5plus
$413.2K
$361.6K – $482.1K
NOI $28,926 @ 7.0% cap · market cap 5.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$885.4K
$774.8K – $1.03M
NOI $61,980 @ 7.0% cap · market cap 11.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
391
Businesses Nearby
Explore this area
Business Placement
Demographics for 44313, OH
25,678
Population
14,054
Households
1.8
Avg Household Size
41
Median Age
50%
College-Educated
97%
High-School Grad
13.5 sq mi
ZIP Area
1,902
Density / Sq Mi
$76,404
Median Household Income
$46,882
Median Earnings
$1,041
Median Rent
$216,200
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - The property includes central air, natural gas forced-air heating, and an attached garage.
Where is this residential income property located?
The property is located at 453-455 S Frank Boulevard Akron, OH.
What is the asking price?
The asking price for this property is $524,950.
What are key features of this property?
This property features: 3,608 square feet of residential income property; Built in 1984; Central air and natural gas forced‑air heating
