2-Unit Brick
New
For Sale
$522,950
473-475 S Frank Boulevard, Akron, OH 44313
ResidentialIncome, Akron, OH
Property Size3,400 SF
Lot Size0.91 Acres
Price / SF$153.81
Days on Market4
Property Features for 473-475 S Frank Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Half bathrooms
2
Rooms
Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 1, Laundry Room, Bathroom 3, Bathroom 4, Bedroom 2, Basement, Bedroom 3
Parking features
Garage, Open
Subdivision
Fairlawn Heights
Elementary school district
Akron CSD - 7701
Middle school district
Akron CSD - 7701
High school district
Akron CSD - 7701
Directions
White Pond Dr to west on Frank Blvd.
Standard status
Active
APN
6854335
Size
3,400 SF
Lot size
0.91 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
FAIRLAWN HTS SECT F LOTS 282 & 283 ALL
Tax Annual Amount
10500
Legal Description
FAIRLAWN HTS SECT F LOTS 282 & 283 ALL
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
fireplace
sunroom
patio
laundry area
walk-in closets
basement
Building Details
Year built
1984
Floors in Building
2
Building materials
Brick
Roof type
Fiberglass, Asphalt
Listing Agency:
Berkshire Hathaway HomeServices Stouffer Realty
(330) 835-4900
Listed By:
Thomas M Boggs · License #264748
(330) 322-7500
Added: Oct 8
Changed: Oct 9
Last Checked: Oct 11 at 7:06AM
MLS# 5250654
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.
Built in 1984, this 3,400-square-foot brick duplex contains two residences, each arranged with two bedrooms and 1.5 bathrooms. Both have an eat-in kitchen, dining areas, a living room with a brick fireplace, main-level laundry, and an attached two-car garage. Unfinished basements provide storage. One residence also has a sunroom; each unit has a private patio or outdoor area.
The property occupies 0.9137 acres at the corner of W. Fairlawn Boulevard and Frank Boulevard in Akron. Updates include the roof in 2020, a water heater in one unit in 2025, and a water heater in the other unit in 2024.
The property occupies 0.9137 acres at the corner of W. Fairlawn Boulevard and Frank Boulevard in Akron. Updates include the roof in 2020, a water heater in one unit in 2025, and a water heater in the other unit in 2024.
Key Highlights
- Two‑unit duplex with 3,400 square feet of building area
- Each residence has 2 bedrooms and 1.5 bathrooms
- Attached 2‑car garage for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,136
Cap Rate
5.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$622,720
$622.7K
Cap Rate 7%
$444,800
$444.8K
Cap Rate 9%
$345,956
$346.0K
Market Conditions
NOI Build-Up for 3,400 SF
Gross rent
$46.9K $13.80/SF
− Vacancy
−$2.4K −$0.72/SF
EGI
$44.5K $13.08/SF
− OpEx
−$13.3K −$3.92/SF
NOI
$31.1K $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%
$622,720
Cap Rate 7%
$444,800
Cap Rate 9%
$345,956
Alternative Uses
Best Use
Multifamily LT 5
$444.8K
$389.2K – $518.9K
NOI $31,136 @ 7.0% cap · market cap 5.95%
Second Best
Apartment 5plus
$389.4K
$340.7K – $454.3K
NOI $27,258 @ 7.0% cap · market cap 5.21%
Theoretical Best
Office A
$834.4K
$730.1K – $973.5K
NOI $58,407 @ 7.0% cap · market cap 11.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
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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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 - Each residence includes two bedrooms, a private outdoor area, and an attached two-car garage.
Where is this duplex 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 $522,950.
What are key features of this property?
This property features: Two‑unit duplex with 3,400 square feet of building area; Each residence has 2 bedrooms and 1.5 bathrooms; Attached 2‑car garage for each unit
