Residential Income Property with
473-475 S Frank Boulevard, Akron, OH 44313
For Sale
$445,000
Central air and natural gas forced-air heating serve this Akron residential asset.
Property Size3,400 SF
Price / SF$130.88
Days on Market28
Property Features for 473-475 S Frank Boulevard
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Road Access
Taxes and HOA fees
Annual Taxes
Amenities
Central Air
Natural Gas, Forced Air
Full
Neighborhood
Attached, Garage Faces Front, Garage, Garage Door Opener
Building Details
Year Built
Buildings
Stories
Listing Agency:
Stouffer Realty Inc
Listed By:
Thomas M Boggs · License #264748
(330) 322-7500
Source:
Evrealestate
Added: Oct 11
Changed: Nov 6
Last Checked: Nov 6 at 9:29AM
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
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Investment Insights
Based on property information with market context.
This 3,400-square-foot residential income property in Akron was built in 1984. Interior features include central air conditioning and natural gas forced-air heating, and the property includes an attached garage with a front-facing door and opener.
The property is located at 473-475 S Frank Boulevard. Access directions are west on Frank Boulevard from White Pond Drive.
The property is located at 473-475 S Frank Boulevard. Access directions are west on Frank Boulevard from White Pond Drive.
Key Highlights
- 3,400‑square‑foot residential income property
- Built in 1984
- Central air conditioning and natural gas forced‑air heating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,258
Cap Rate
6.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$545,160
$545.2K
Cap Rate 7%
$389,400
$389.4K
Cap Rate 9%
$302,867
$302.9K
Market Conditions
NOI Build-Up for 3,400 SF
Gross rent
$52.2K $15.36/SF
− Vacancy
−$2.7K −$0.78/SF
EGI
$49.6K $14.58/SF
− OpEx
−$22.3K −$6.56/SF
NOI
$27.3K $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%
$545,160
Cap Rate 7%
$389,400
Cap Rate 9%
$302,867
Alternative Uses
Best Use
Apartment 5plus
$389.4K
$340.7K – $454.3K
NOI $27,258 @ 7.0% cap · market cap 6.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$834.4K
$730.1K – $973.5K
NOI $58,407 @ 7.0% cap · market cap 13.13%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Yes
Paved road access
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
$216,200
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Akron, OH
Properties on Market for Residential income properties in Akron
Frequently Asked Questions
What type of property is this?
Residential income property - Central air and natural gas forced-air heating serve this Akron residential asset.
Where is this residential income property located?
The property is located at 473-475 S Frank Boulevard Akron, OH.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: 3,400‑square‑foot residential income property; Built in 1984; Central air conditioning and natural gas forced‑air heating
