Renovated Duplex with Private
For Sale
$167,500
802 S Jenkins Boulevard, Akron, OH 44306
Renovated duplex living with vaulted ceilings, updated kitchens, and a private patio plus detached one-car garage hookups.
Property Size1,242 SF
Price / SF$134.86
Days on Market114
Property Features for 802 S Jenkins Boulevard
General Information
Standard status
Active
Size
1,242 SF
Total Parking Spaces
1
Property subtype
Multi-Family
Additional Details
Multifamily Units
4
Building Details
Year Built
1964
Listing Agency:
Ohio Broker Direct
Listed By:
Joan Elflein · License #386319
(614) 989-7215
Source:
Theacclaimedrealty
Added: Jun 3
Changed: Sep 8
Last Checked: Sep 22 at 7:10PM
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 Ohio Broker Direct
Investment Insights
Based on property information with market context.
This renovated duplex combines mid-century character with contemporary updates. Built in 1964, the homes feature distinctive architectural details, including vaulted ceilings and thoughtfully updated interiors. Kitchens are designed for everyday living and entertaining, with ample counter space, generous cabinetry, a large workstation sink, and brand-new stainless-steel appliances, including a refrigerator, stove, microwave, and dishwasher. French doors open from the living room to a private patio, creating an indoor-outdoor living space. A detached one-car garage is included, with washer and dryer hookups for added convenience.
Located at 802 S Jenkins Boulevard in Akron, Ohio, this for-sale property is presented as two renovated duplex addresses: 802 S Jenkins Boulevard and 1636 Seth Roberts Drive. Each unit is described as renovated with the same updated interior features, including the patio access and appliance package.
For buyers seeking residential income property, this layout supports a straightforward, tenant-friendly configuration with updated finishes throughout and practical in-unit lifestyle elements, including patio access and in-garage laundry hookups. The detached garage adds everyday utility, while the updated kitchen appliances and vaulted-ceiling living spaces help reduce the need for near-term interior improvements.
Located at 802 S Jenkins Boulevard in Akron, Ohio, this for-sale property is presented as two renovated duplex addresses: 802 S Jenkins Boulevard and 1636 Seth Roberts Drive. Each unit is described as renovated with the same updated interior features, including the patio access and appliance package.
For buyers seeking residential income property, this layout supports a straightforward, tenant-friendly configuration with updated finishes throughout and practical in-unit lifestyle elements, including patio access and in-garage laundry hookups. The detached garage adds everyday utility, while the updated kitchen appliances and vaulted-ceiling living spaces help reduce the need for near-term interior improvements.
Key Highlights
- Renovated duplexes originally built in 1964 at 802 S Jenkins Boulevard and 1636 Seth Roberts Drive
- Vaulted ceilings and distinctive mid‑century architectural details in the updated interiors
- Updated kitchens with brand‑new stainless‑steel appliances: refrigerator, stove, microwave, and dishwasher
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
$11,374
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
6.79%
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%
$227,480
$227.5K
Cap Rate 7%
$162,486
$162.5K
Cap Rate 9%
$126,378
$126.4K
Market Conditions
NOI Build-Up for 1,242 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
$17.1K $13.80/SF
− Vacancy
−$891 −$0.72/SF
EGI
$16.2K $13.08/SF
− OpEx
−$4.9K −$3.92/SF
NOI
$11.4K $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%
$227,480
Cap Rate 7%
$162,486
Cap Rate 9%
$126,378
Alternative Uses
Best Use
Multifamily LT 5
$162.5K
$142.2K – $189.6K
NOI $11,374 @ 7.0% cap · market cap 6.79%
Second Best
Apartment 5plus
$142.2K
$124.5K – $166.0K
NOI $9,957 @ 7.0% cap · market cap 5.94%
Theoretical Best
Office A
$304.8K
$266.7K – $355.6K
NOI $21,336 @ 7.0% cap · market cap 12.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
417
Businesses Nearby
Explore this area
Business Placement
Demographics for 44306, OH
21,085
Population
10,424
Households
2
Avg Household Size
34
Median Age
9%
College-Educated
86%
High-School Grad
8.3 sq mi
ZIP Area
2,540
Density / Sq Mi
$41,105
Median Household Income
$30,481
Median Earnings
$901
Median Rent
$77,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Renovated duplex living with vaulted ceilings, updated kitchens, and a private patio plus detached one-car garage hookups.
Where is this duplex located?
The property is located at 802 S Jenkins Boulevard Akron, OH.
What is the asking price?
The asking price for this property is $167,500.
What are key features of this property?
This property features: Renovated duplexes originally built in 1964 at 802 S Jenkins Boulevard and 1636 Seth Roberts Drive; Vaulted ceilings and distinctive mid‑century architectural details in the updated interiors; Updated kitchens with brand‑new stainless‑steel appliances: refrigerator, stove, microwave, and dishwasher
