Triplex with Driveway and Parking
For Sale
$199,900
543 Kling Street, Akron, OH 44311
MULTI_FAMILY - Akron, OH
Property Size1,952 SF
Lot Size0.08 Acres
Price / SF$102.41
Days on Market28
Property Features for 543 Kling Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 3, Laundry Room, Bedroom 2, Bathroom 3, Bedroom 1, Basement, Bedroom 5
Parking features
Parking Lot, Driveway
Subdivision
Voris
Lot features
Corner Lot
Elementary school district
Akron CSD - 7701
Middle school district
Akron CSD - 7701
High school district
Akron CSD - 7701
Directions
E Exchange to Kling. Corner of Kling & Cross
Standard status
Active
APN
6710765
Size
1,952 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
VORIS LOT 200 NE CORCROSS ST
Tax Annual Amount
2302
Legal Description
VORIS LOT 200 NE CORCROSS ST
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1911
Floors in Building
3
Building materials
WoodSiding
Roof type
Asbestos Shingle
Listing Agency:
Keller Williams Chervenic Rlty · Keller Williams Realty
(330) 686-1644
Listed By:
Jodi L Mignano · License #2005004349
(330) 338-9047
Added: Jul 13
Changed: Aug 1
Last Checked: Aug 9 at 2:06PM
MLS# 5226431
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 triplex at 543 Kling Street is a wood-sided residential income property built in 1911. Heating is forced air and cooling is provided by window unit(s). The home is served by public water and public sewer, and the roof is listed as an asbestos shingle. Reported rooming includes multiple bedrooms plus a basement, laundry room, and multiple bathrooms.
Parking is available via a driveway and a parking lot. The private parking serving both properties behind 543 Kling Street is described as an additional parcel, and the triplex at 543 Kling Street must be purchased together with 539 Kling Street.
The property sits on a 0.0828-acre lot, with a property size of 1,952 square feet. The layout is consistent with a multi-bedroom rental setup.
Parking is available via a driveway and a parking lot. The private parking serving both properties behind 543 Kling Street is described as an additional parcel, and the triplex at 543 Kling Street must be purchased together with 539 Kling Street.
The property sits on a 0.0828-acre lot, with a property size of 1,952 square feet. The layout is consistent with a multi-bedroom rental setup.
Key Highlights
- Must be purchased together with 539 Kling Street; private parking is served by an additional parcel behind both properties
- Driveway and parking lot included
- Wood siding construction and forced‑air heating
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
$17,876
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
8.94%
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%
$357,520
$357.5K
Cap Rate 7%
$255,371
$255.4K
Cap Rate 9%
$198,622
$198.6K
Market Conditions
NOI Build-Up for 1,952 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
$26.9K $13.80/SF
− Vacancy
−$1.4K −$0.72/SF
EGI
$25.5K $13.08/SF
− OpEx
−$7.7K −$3.92/SF
NOI
$17.9K $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 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%
$357,520
Cap Rate 7%
$255,371
Cap Rate 9%
$198,622
Alternative Uses
Best Use
Multifamily LT 5
$255.4K
$223.5K – $297.9K
NOI $17,876 @ 7.0% cap · market cap 8.94%
Second Best
Apartment 5plus
$223.6K
$195.6K – $260.8K
NOI $15,649 @ 7.0% cap · market cap 7.83%
Theoretical Best
Office A
$479.0K
$419.2K – $558.9K
NOI $33,533 @ 7.0% cap · market cap 16.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
768
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Triplex built in 1911 with forced-air heat, window A/C, and driveway parking, connected to private parking behind the properties.
Where is this triplex located?
The property is located at 543 Kling Street Akron, OH.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Must be purchased together with 539 Kling Street; private parking is served by an additional parcel behind both properties; Driveway and parking lot included; Wood siding construction and forced‑air heating
