Brick Duplex with Vacant
For Sale
$194,900
926 Russell Ave, Akron, OH 44307
Two townhouse-style units offer separate utilities, basements, patios, and parking areas.
Property Size1,890 SF
Price / SF$103.12
Days on Market9
Property Features for 926 Russell Ave
General Information
Standard status
Active
Size
1,890 SF
Property subtype
Residential Income
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,617
Building Details
Buildings
1
Construction
brick
Listing Agency:
EXP Realty, LLC.
(866) 212-4991
Listed By:
Ryan Shaffer · License #2019000757
(330) 329-6904
Source:
Exprealty
Added: Aug 26
Changed: Sep 2
Last Checked: Sep 2 at 1:55PM
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 EXP Realty, LLC.
Investment Insights
Based on property information with market context.
This brick townhouse-style duplex contains two residential units, with one currently vacant. Each unit includes a living room, eat-in kitchen, rear patio, parking area, vinyl windows, hardwood bedroom flooring, central air conditioning, and a separate unfinished basement with waterproofing. The vacant unit has new carpet and flooring. Separate gas and electric meters serve the units, while updated electric panels and service lines add to the building improvements. The roof is newer, with furnaces dating to 2023 and hot water systems dating to 2018.
The property is a 1-minute drive from I-76/77 and a 5-minute drive from downtown Akron and the University of Akron.
The property is a 1-minute drive from I-76/77 and a 5-minute drive from downtown Akron and the University of Akron.
Key Highlights
- Brick townhouse‑style twinplex with one vacant unit
- Each unit includes a living room, eat‑in kitchen, rear patio, parking area, and separate unfinished basement
- Separate gas and electric meters serve the two units
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
$17,308
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
8.88%
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%
$346,160
$346.2K
Cap Rate 7%
$247,257
$247.3K
Cap Rate 9%
$192,311
$192.3K
Market Conditions
NOI Build-Up for 1,890 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
$26.1K $13.80/SF
− Vacancy
−$1.4K −$0.72/SF
EGI
$24.7K $13.08/SF
− OpEx
−$7.4K −$3.92/SF
NOI
$17.3K $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%
$346,160
Cap Rate 7%
$247,257
Cap Rate 9%
$192,311
Alternative Uses
Best Use
Multifamily LT 5
$247.3K
$216.4K – $288.5K
NOI $17,308 @ 7.0% cap · market cap 8.88%
Second Best
Apartment 5plus
$216.5K
$189.4K – $252.5K
NOI $15,152 @ 7.0% cap · market cap 7.77%
Theoretical Best
Office A
$463.8K
$405.9K – $541.1K
NOI $32,468 @ 7.0% cap · market cap 16.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
303
Businesses Nearby
Explore this area
Business Placement
Demographics for 44307, OH
6,959
Population
3,488
Households
2
Avg Household Size
36
Median Age
11%
College-Educated
87%
High-School Grad
2.0 sq mi
ZIP Area
3,480
Density / Sq Mi
$28,802
Median Household Income
$25,668
Median Earnings
$802
Median Rent
$75,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two townhouse-style units offer separate utilities, basements, patios, and parking areas.
Where is this duplex located?
The property is located at 926 Russell Ave 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: Brick townhouse‑style twinplex with one vacant unit; Each unit includes a living room, eat‑in kitchen, rear patio, parking area, and separate unfinished basement; Separate gas and electric meters serve the two units
