Two-Unit Duplex with In-Unit
For Sale
$149,000
841-843 Jonathan Avenue, Akron, OH 44306
ResidentialIncome, Akron, OH
Property Size1,401 SF
Lot Size0.18 Acres
Price / SF$106.35
Days on Market8
Property Features for 841-843 Jonathan Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Laundry Room, Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 3, Bedroom 4
Parking features
Assigned
Appliances
Range, Refrigerator
Subdivision
Harr Sub
Elementary school district
Akron CSD - 7701
Middle school district
Akron CSD - 7701
High school district
Akron CSD - 7701
Directions
South Arlington to Jonathan
Standard status
Active
APN
6741513
Size
1,401 SF
Lot size
0.18 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
HARR SUBN LOT 15 ALL
Tax Annual Amount
2251
Legal Description
HARR SUBN LOT 15 ALL
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Window Unit(s)
Water source
Public
Amenities
in unit laundry
Building Details
Year built
1960
Floors in Building
1
Building materials
VinylSiding
Roof type
Asphalt, Fiberglass
Listing Agency:
RE/MAX Edge Realty · RE/MAX International
(330) 475-7777
Listed By:
Brent E Karlen · License #442887
(330) 697-1455
Added: Oct 22
Changed: Oct 29
Last Checked: Oct 29 at 9:06PM
MLS# 5255342
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 1960-built duplex contains 1,401 square feet across two residences on a 0.1791-acre lot. Each unit offers two bedrooms, one bathroom, and in-unit laundry. The property has vinyl siding, an asphalt and fiberglass roof, natural gas forced-air heating, and window-unit cooling. Range and refrigerator appliances are included in each unit.
Both residences are currently leased to long-term tenants. Public water and sewer serve the property, and assigned parking is available.
Both residences are currently leased to long-term tenants. Public water and sewer serve the property, and assigned parking is available.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- Both units currently leased to long‑term tenants
- 1,401 square feet on a 0.1791‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,830
Cap Rate
8.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$256,600
$256.6K
Cap Rate 7%
$183,286
$183.3K
Cap Rate 9%
$142,556
$142.6K
Market Conditions
NOI Build-Up for 1,401 SF
Gross rent
$19.3K $13.80/SF
− Vacancy
−$1.0K −$0.72/SF
EGI
$18.3K $13.08/SF
− OpEx
−$5.5K −$3.92/SF
NOI
$12.8K $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 Rate 5%
$256,600
Cap Rate 7%
$183,286
Cap Rate 9%
$142,556
Alternative Uses
Best Use
Multifamily LT 5
$183.3K
$160.4K – $213.8K
NOI $12,830 @ 7.0% cap · market cap 8.61%
Second Best
Apartment 5plus
$160.5K
$140.4K – $187.2K
NOI $11,232 @ 7.0% cap · market cap 7.54%
Theoretical Best
Office A
$343.8K
$300.8K – $401.1K
NOI $24,067 @ 7.0% cap · market cap 16.15%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
417
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are leased to long-term tenants, with assigned parking and individual laundry facilities.
Where is this duplex located?
The property is located at 841-843 Jonathan Avenue Akron, OH.
What is the asking price?
The asking price for this property is $149,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; Both units currently leased to long‑term tenants; 1,401 square feet on a 0.1791‑acre lot
