Duplex With Separate
New
For Sale
$179,900
526 N Firestone Boulevard, Akron, OH 44301
MULTI_FAMILY - Akron, OH
Property Size1,938 SF
Lot Size0.14 Acres
Price / SF$92.83
Days on Market1
Property Features for 526 N Firestone Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bedroom 1, Laundry Room, Basement, Bedroom 4, Bathroom 2, Bedroom 2
Parking features
Garage, Driveway
Appliances
Range, Refrigerator
Subdivision
P T Mccourt Allotment
Lot features
City Lot
View
City
Elementary school district
Akron CSD - 7701
Middle school district
Akron CSD - 7701
High school district
Akron CSD - 7701
Directions
Duplex is on the corner of N Firestone Blvd and Herberich Ave
Standard status
Active
APN
6824983
Size
1,938 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
P T MC COURT LOT 431ALL HERBERICH AVE 112FT
Tax Annual Amount
2914
Legal Description
P T MC COURT LOT 431ALL HERBERICH AVE 112FT
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Amenities
laundry hookups
screened porch
Building Details
Year built
1959
Floors in Building
2
Building materials
Brick, VinylSiding
Roof type
Fiberglass, Asphalt
Listing Agency:
Keller Williams Legacy Group Realty · Keller Williams Realty
(330) 433-6005
Listed By:
Andy Alayamini · License #2008001683
(330) 323-5864
Added: Aug 8
Last Checked: Aug 8 at 10:06PM
MLS# 5234442
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.
This 1,938-square-foot duplex was built in 1959 and contains two residential units, each configured with two bedrooms and one bathroom. Both sides include a private basement area with laundry hookups, while utilities are separately metered. Interior systems include natural-gas forced-air heat and central air conditioning. The property also includes range and refrigerator appliances, public water and sewer service, and a combination of brick and vinyl siding. A screened rear porch adds shared outdoor amenity space.
The 0.1363-acre property occupies a corner lot at 526 N Firestone Boulevard in Akron’s Firestone Park area, near schools, shopping, and expressways, with Highway 77 access nearby. One unit is leased, while the other is expected to become vacant at the end of August 2026, providing a two-unit configuration with differing occupancy timing.
The 0.1363-acre property occupies a corner lot at 526 N Firestone Boulevard in Akron’s Firestone Park area, near schools, shopping, and expressways, with Highway 77 access nearby. One unit is leased, while the other is expected to become vacant at the end of August 2026, providing a two-unit configuration with differing occupancy timing.
Key Highlights
- Two‑unit duplex with 1,938 SF of total property size
- Each unit includes 2 bedrooms and 1 bathroom
- Private basement area and laundry hookups for each unit
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
$15,537
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
8.64%
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%
$310,740
$310.7K
Cap Rate 7%
$221,957
$222.0K
Cap Rate 9%
$172,633
$172.6K
Market Conditions
NOI Build-Up for 1,938 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
$29.8K $15.36/SF
− Vacancy
−$1.5K −$0.78/SF
EGI
$28.2K $14.58/SF
− OpEx
−$12.7K −$6.56/SF
NOI
$15.5K $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%
$310,740
Cap Rate 7%
$221,957
Cap Rate 9%
$172,633
Alternative Uses
Best Use
Multifamily LT 5
$253.5K
$221.9K – $295.8K
NOI $17,748 @ 7.0% cap · market cap 9.87%
Second Best
Apartment 5plus
$222.0K
$194.2K – $259.0K
NOI $15,537 @ 7.0% cap · market cap 8.64%
Theoretical Best
Office A
$475.6K
$416.2K – $554.9K
NOI $33,292 @ 7.0% cap · market cap 18.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
412
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 - Two residential units offer independent basement areas, laundry hookups, utilities, and attached parking.
Where is this duplex located?
The property is located at 526 N Firestone Boulevard Akron, OH.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,938 SF of total property size; Each unit includes 2 bedrooms and 1 bathroom; Private basement area and laundry hookups for each unit
