Two-Unit Duplex with
For Sale
$134,900
48 E Brookside Ave, Akron, OH 44301
Residential duplex with 2/1 and 1/1 unit layouts plus a full basement requiring renovation work.
Property Size1,476 SF
Price / SF$91.40
Days on Market15
Property Features for 48 E Brookside Ave
General Information
Standard status
Active
Size
1,476 SF
Property subtype
Residential Income
Property Condition
Severity
Repairs Needed
Evidence
require work
Taxes and HOA fees
Annual Taxes
$2,032
Listing Agency:
Richfield Realty Group LLC
(330) 554-1442
Listed By:
Jenne Haddox · License #BRKP.2022005360
(330) 554-1442
Source:
Exprealty
Added: Aug 8
Changed: Aug 21
Last Checked: Aug 22 at 10:34AM
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 Richfield Realty Group LLC
Investment Insights
Based on property information with market context.
This 1,476-square-foot duplex at 48 E Brookside Ave in Akron, Ohio, contains two residential units with 2/1 and 1/1 layouts. A full basement adds supporting space to the property.
Renovation work is required before the building is turnkey. The property is offered as part of a package of homes, with additional details referenced through the associated MLS listings.
Renovation work is required before the building is turnkey. The property is offered as part of a package of homes, with additional details referenced through the associated MLS listings.
Key Highlights
- 1,476‑square‑foot duplex at 48 E Brookside Ave, Akron, OH
- Two residential units with 2/1 and 1/1 layouts
- Full basement included
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
$11,833
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
8.77%
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%
$236,660
$236.7K
Cap Rate 7%
$169,043
$169.0K
Cap Rate 9%
$131,478
$131.5K
Market Conditions
NOI Build-Up for 1,476 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
$22.7K $15.36/SF
− Vacancy
−$1.2K −$0.78/SF
EGI
$21.5K $14.58/SF
− OpEx
−$9.7K −$6.56/SF
NOI
$11.8K $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 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%
$236,660
Cap Rate 7%
$169,043
Cap Rate 9%
$131,478
Alternative Uses
Best Use
Multifamily LT 5
$193.1K
$169.0K – $225.3K
NOI $13,517 @ 7.0% cap · market cap 10.02%
Second Best
Apartment 5plus
$169.0K
$147.9K – $197.2K
NOI $11,833 @ 7.0% cap · market cap 8.77%
Theoretical Best
Office A
$362.2K
$317.0K – $422.6K
NOI $25,356 @ 7.0% cap · market cap 18.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
356
Businesses Nearby
Explore this area
Business Placement
Demographics for 44301, OH
14,364
Population
6,859
Households
2.1
Avg Household Size
37
Median Age
20%
College-Educated
89%
High-School Grad
3.6 sq mi
ZIP Area
3,990
Density / Sq Mi
$52,134
Median Household Income
$34,553
Median Earnings
$990
Median Rent
$103,400
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 - Residential duplex with 2/1 and 1/1 unit layouts plus a full basement requiring renovation work.
Where is this duplex located?
The property is located at 48 E Brookside Ave Akron, OH.
What is the asking price?
The asking price for this property is $134,900.
What are key features of this property?
This property features: 1,476‑square‑foot duplex at 48 E Brookside Ave, Akron, OH; Two residential units with 2/1 and 1/1 layouts; Full basement included
