Fully Rented Akron
557 Weber Avenue Akron, OH 44303
557 Weber Avenue, Akron, OH, 44303
$179,000
Pending
For Sale
$179,000
Pending
MULTI_FAMILY - Akron, OH
Property Size1,946 SF
Lot Size0.19 Acres
Days on Market114
Property Features for 557 Weber Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bathroom 1, Laundry Room, Bedroom 2, Bedroom 3, Basement, Bathroom 2
- Parking features
- Driveway, Off Street
- Standard status
- Pending
- APN
- 6801233
- Size
- 1,946 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3156
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1914
- Floors in Building
- 2
- Building materials
- AluminumSiding, Brick
- Roof type
- Asphalt
Listing Agency
Berkshire Hathaway HomeServices Stouffer Realty
(330) 677-3430
4030 State Route 43, Ste 204, Fairlawn, OH
Listed by
Jennifer M Filipczak-Turner · License #2008002967
(330) 554-6507
Added: Mar 26 Checked: Jul 17 at 1:06 pm
MLS# 5195877
Listing URL
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 fully rented duplex in Akron, Ohio, offers immediate cash flow. The property features two units and has been well-maintained. The owner currently covers all utilities, but there is potential to increase returns by separating the electric. In 2025, two electrical panels were installed, and the lower unit was fully rewired. A meter base can be added to easily split utilities in the future. The lower unit was completely updated in 2025 with a new kitchen, appliances, bathroom, flooring, paint, light fixtures, outlets, and switches. It also includes additional finished space in the basement. The upper unit was remodeled just prior to the current owner's purchase and is well-maintained. Both units have separate laundry hookups located in the unfinished basement area. The setup and recent electrical improvements provide an opportunity for a new owner to transition to tenant-paid utilities, maximizing income potential. The property is situated on a lot of 0.188 acres and the property size is 1946 square feet. This is a turnkey property with upside for investors.
Key Highlights
- Fully rented duplex with two separate units and immediate cash flow.
- Owner‑installed electrical upgrades in 2025: two electrical panels and a full rewire of the lower unit.
- Lower unit fully updated in 2025 with a brand‑new kitchen, appliances, bathroom, flooring, paint, light fixtures, outlets, and switches.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.9k | $15.36 |
| − Vacancy | −$1.5k | −$0.78 |
| EGI | $28.4k | $14.58 |
| − OpEx | −$12.8k | −$6.56 |
| NOI | $15.6k | $8.02 |
1,946 SF · lease $15.36/SF/yr · vacancy 5.10% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$254.6K
$222.8K – $297.0K
NOI $17,821 @ 7.0% cap · market cap 9.96%
Second Best
Apartment 5plus
$222.9K
$195.0K – $260.0K
NOI $15,601 @ 7.0% cap · market cap 8.72%
Theoretical Best
Office A
$477.6K
$417.9K – $557.2K
NOI $33,430 @ 7.0% cap · market cap 18.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained duplex with immediate cash flow and upside potential.
Where is this duplex located?
The property is located at 557 Weber Avenue Akron, OH.
What is the asking price?
The asking price for this property is $179,000.
What are key features of this property?
This property features: Fully rented duplex with two separate units and immediate cash flow.; Owner‑installed electrical upgrades in 2025: two electrical panels and a full rewire of the lower unit.; Lower unit fully updated in 2025 with a brand‑new kitchen, appliances, bathroom, flooring, paint, light fixtures, outlets, and switches.
