Updated Duplex with New
For Sale
$145,000
499 Brown St, Akron, OH 44311
Two units offer a two-bedroom and one-bedroom layout, each with a full bathroom.
Property Size1,454 SF
Price / SF$99.72
Days on Market183
Property Features for 499 Brown St
General Information
Standard status
Active
Size
1,454 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 2BR, 1 x 1BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,549
Amenities
shared washer/dryer
Building Details
Buildings
1
Listing Agency:
Keller Williams Living
(440) 318-1620
Listed By:
Tera Somogyi · License #2020005466
(561) 901-9331
Source:
Exprealty
Added: Apr 7
Changed: Sep 2
Last Checked: Oct 5 at 11:07PM
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 Keller Williams Living
Investment Insights
Based on property information with market context.
This Akron duplex contains 1,454 square feet across two residential units. The first floor provides a two-bedroom layout, while the upper level has one bedroom; both units include a full bathroom. Interior updates include flooring, electrical panels, an upstairs shower and vanity, and refreshed finishes in the lower unit. Shared laundry equipment includes a washer and dryer from 2021, and the kitchens have newer refrigerators and ranges.
A new roof was installed in 2025. The property also has a 2018 furnace, a 2017 water heater, and recent tree clearing. Exterior and landscaping improvements remain part of the property's identified future work. The duplex is located at 499 Brown St in Akron, Ohio.
A new roof was installed in 2025. The property also has a 2018 furnace, a 2017 water heater, and recent tree clearing. Exterior and landscaping improvements remain part of the property's identified future work. The duplex is located at 499 Brown St in Akron, Ohio.
Key Highlights
- Two‑unit duplex with 1,454 SF
- First‑floor two‑bedroom unit and upstairs one‑bedroom unit
- Full bathroom in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,315
Cap Rate
9.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$266,300
$266.3K
Cap Rate 7%
$190,214
$190.2K
Cap Rate 9%
$147,944
$147.9K
Market Conditions
NOI Build-Up for 1,454 SF
Gross rent
$20.1K $13.80/SF
− Vacancy
−$1.0K −$0.72/SF
EGI
$19.0K $13.08/SF
− OpEx
−$5.7K −$3.92/SF
NOI
$13.3K $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%
$266,300
Cap Rate 7%
$190,214
Cap Rate 9%
$147,944
Alternative Uses
Best Use
Multifamily LT 5
$190.2K
$166.4K – $221.9K
NOI $13,315 @ 7.0% cap · market cap 9.18%
Second Best
Apartment 5plus
$166.5K
$145.7K – $194.3K
NOI $11,657 @ 7.0% cap · market cap 8.04%
Theoretical Best
Office A
$356.8K
$312.2K – $416.3K
NOI $24,978 @ 7.0% cap · market cap 17.23%
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
1,018
Businesses Nearby
Explore this area
Business Placement
Demographics for 44311, OH
6,993
Population
3,400
Households
2.1
Avg Household Size
28
Median Age
10%
College-Educated
79%
High-School Grad
1.9 sq mi
ZIP Area
3,681
Density / Sq Mi
$23,857
Median Household Income
$14,953
Median Earnings
$790
Median Rent
$64,000
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 - Two units offer a two-bedroom and one-bedroom layout, each with a full bathroom.
Where is this duplex located?
The property is located at 499 Brown St Akron, OH.
What is the asking price?
The asking price for this property is $145,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,454 SF; First‑floor two‑bedroom unit and upstairs one‑bedroom unit; Full bathroom in each unit
