Four-Unit Quadplex
New
For Sale
$300,000
845-847 Jonathan Avenue, Akron, OH 44306
ResidentialIncome, Akron, OH
Property Size2,808 SF
Lot Size0.18 Acres
Price / SF$106.84
Days on Market5
Property Features for 845-847 Jonathan Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bedroom 6, Bedroom 3, Bathroom 2, Bedroom 4, Bedroom 8, Laundry Room, Bathroom 4, Bedroom 1, Bedroom 5, Bedroom 7, Bathroom 1, Bathroom 3
Parking features
Parking Lot, 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
Arlington to Jonathan
Standard status
Active
APN
6741511
Size
2,808 SF
Lot size
0.18 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
HARR SUBN LOT 16 ALL
Tax Annual Amount
4010
Legal Description
HARR SUBN LOT 16 ALL
Utilities
Sewer type
Public Sewer
Heating system
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
BrickVeneer, VinylSiding
Roof type
Asphalt, Fiberglass
Buildings
2
Listing Agency:
RE/MAX Edge Realty · RE/MAX International
(330) 475-7777
Listed By:
Brent E Karlen · License #442887
(330) 697-1455
Added: Oct 29
Last Checked: Nov 2 at 8:06AM
MLS# 5256939
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.
The property comprises two brick veneer and vinyl-sided duplex buildings with four units totaling 2,808 square feet. Each apartment has two bedrooms, one bathroom, and in-unit laundry. The buildings date to 1960 and sit on a 0.1791-acre lot.
Assigned spaces are available in the on-site parking lot. The property is served by public water and public sewer. Unit appliances include ranges and refrigerators; heating is forced air, and cooling is provided by window units.
Assigned spaces are available in the on-site parking lot. The property is served by public water and public sewer. Unit appliances include ranges and refrigerators; heating is forced air, and cooling is provided by window units.
Key Highlights
- Two duplex buildings with four units totaling 2,808 square feet
- Each unit has 2 bedrooms, 1 bathroom, and in‑unit laundry
- 0.1791‑acre lot; buildings constructed in 1960
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,715
Cap Rate
8.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$514,300
$514.3K
Cap Rate 7%
$367,357
$367.4K
Cap Rate 9%
$285,722
$285.7K
Market Conditions
NOI Build-Up for 2,808 SF
Gross rent
$38.8K $13.80/SF
− Vacancy
−$2.0K −$0.72/SF
EGI
$36.7K $13.08/SF
− OpEx
−$11.0K −$3.92/SF
NOI
$25.7K $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%
$514,300
Cap Rate 7%
$367,357
Cap Rate 9%
$285,722
Alternative Uses
Best Use
Multifamily LT 5
$367.4K
$321.4K – $428.6K
NOI $25,715 @ 7.0% cap · market cap 8.57%
Second Best
Apartment 5plus
$321.6K
$281.4K – $375.2K
NOI $22,512 @ 7.0% cap · market cap 7.50%
Theoretical Best
Office A
$689.1K
$603.0K – $804.0K
NOI $48,238 @ 7.0% cap · market cap 16.08%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
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?
Quadplex - Two separate duplex buildings contain four residential units, each with in-unit laundry.
Where is this quadplex located?
The property is located at 845-847 Jonathan Avenue Akron, OH.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Two duplex buildings with four units totaling 2,808 square feet; Each unit has 2 bedrooms, 1 bathroom, and in‑unit laundry; 0.1791‑acre lot; buildings constructed in 1960
