Duplex with Finished
New
For Sale
$194,900
824 Elmore Avenue, Akron, OH 44302
ResidentialIncome, Akron, OH
Property Size2,236 SF
Lot Size0.13 Acres
Price / SF$87.16
Days on Market1
Property Features for 824 Elmore Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Laundry Room, Bedroom 3, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 2
Parking features
Garage, Paved or Surfaced
Appliances
Dryer, Range, Refrigerator, Washer
Subdivision
Bloomfield
Elementary school district
Akron CSD - 7701
Middle school district
Akron CSD - 7701
High school district
Akron CSD - 7701
Directions
W Market St to S Portage Path to Elmore Ave
Standard status
Active
APN
6849257
Size
2,236 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1870
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Amenities
washer/dryer
Building Details
Year built
1915
Floors in Building
3
Building materials
Frame
Roof type
Asphalt, Fiberglass
Buildings
1
Listing Agency:
Keller Williams Living · Keller Williams Realty
(440) 318-1620
Listed By:
Mary Jo Kormushoff · License #2010000747
(330) 351-3051
Added: Oct 23
Last Checked: Oct 23 at 5:06PM
MLS# 5252582
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.
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Investment Insights
Based on property information with market context.
This 2,236-square-foot duplex on a 0.131-acre parcel dates to 1915 and contains two separate residences. The upper unit has two bedrooms, one full bath, and a finished attic with space that could accommodate a third bedroom. The lower unit includes one bedroom and one full bath. Each residence has an oven and refrigerator; a washer and dryer are located in the basement. The building has frame construction, forced-air natural gas heat, central air, a garage, and paved parking.
Replacement windows have been installed since 2012. The upper unit received a furnace in May 2026, while the lower unit’s furnace dates to 2018. Work completed in 2026 included electrical updates, roof repairs, basement waterproofing paint, repairs to the front porch and upper rear deck, and an upstairs bathtub refinish. The property is in Akron, near local shops, restaurants, parks, and neighborhood amenities.
Replacement windows have been installed since 2012. The upper unit received a furnace in May 2026, while the lower unit’s furnace dates to 2018. Work completed in 2026 included electrical updates, roof repairs, basement waterproofing paint, repairs to the front porch and upper rear deck, and an upstairs bathtub refinish. The property is in Akron, near local shops, restaurants, parks, and neighborhood amenities.
Key Highlights
- Two‑unit duplex with 2,236 square feet on a 0.131‑acre lot
- Upper residence has 2 bedrooms, 1 full bath, and a finished attic with potential for a third bedroom
- Lower residence includes 1 bedroom and 1 full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,926
Cap Rate
9.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$358,520
$358.5K
Cap Rate 7%
$256,086
$256.1K
Cap Rate 9%
$199,178
$199.2K
Market Conditions
NOI Build-Up for 2,236 SF
Gross rent
$34.3K $15.36/SF
− Vacancy
−$1.8K −$0.78/SF
EGI
$32.6K $14.58/SF
− OpEx
−$14.7K −$6.56/SF
NOI
$17.9K $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 Rate 5%
$358,520
Cap Rate 7%
$256,086
Cap Rate 9%
$199,178
Alternative Uses
Best Use
Multifamily LT 5
$292.5K
$256.0K – $341.3K
NOI $20,477 @ 7.0% cap · market cap 10.51%
Second Best
Apartment 5plus
$256.1K
$224.1K – $298.8K
NOI $17,926 @ 7.0% cap · market cap 9.20%
Theoretical Best
Office A
$548.7K
$480.1K – $640.2K
NOI $38,411 @ 7.0% cap · market cap 19.71%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
702
Businesses Nearby
Explore this area
Business Placement
Demographics for 44302, OH
4,661
Population
3,011
Households
1.5
Avg Household Size
39
Median Age
27%
College-Educated
92%
High-School Grad
0.9 sq mi
ZIP Area
5,179
Density / Sq Mi
$45,323
Median Household Income
$37,989
Median Earnings
$758
Median Rent
$112,200
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
Frequently Asked Questions
What type of property is this?
Duplex - Two vacant units have distinct bedroom layouts, included appliances, and a range of recent maintenance work.
Where is this duplex located?
The property is located at 824 Elmore Avenue Akron, OH.
What is the asking price?
The asking price for this property is $194,900.
What are key features of this property?
This property features: Two‑unit duplex with 2,236 square feet on a 0.131‑acre lot; Upper residence has 2 bedrooms, 1 full bath, and a finished attic with potential for a third bedroom; Lower residence includes 1 bedroom and 1 full bath
