Two-Unit
For Sale
$129,900
972 Hunt St, Akron, OH 44306
Residential property with two separate units, built in 1943.
Property Size1,162 SF
Price / SF$111.79
Days on Market73
Property Features for 972 Hunt St
General Information
Standard status
Active
Size
1,162 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1943
Listing Agency:
RE/MAX Market Solutions
Listed By:
James A Sheppard Jr · License #2003004911
(330) 807-5611
Source:
Groganzeiger
Added: Aug 4
Changed: Sep 15
Last Checked: Oct 7 at 1:42PM
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 RE/MAX Market Solutions
Investment Insights
Based on property information with market context.
This duplex contains two residential units within a building constructed in 1943. The property is located at 972 Hunt Street in Akron, Ohio 44306.
Key Highlights
- Two residential units in one duplex property
- Constructed in 1943
- Located at 972 Hunt Street, Akron, OH 44306
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,641
Cap Rate
8.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$212,820
$212.8K
Cap Rate 7%
$152,014
$152.0K
Cap Rate 9%
$118,233
$118.2K
Market Conditions
NOI Build-Up for 1,162 SF
Gross rent
$16.0K $13.80/SF
− Vacancy
−$834 −$0.72/SF
EGI
$15.2K $13.08/SF
− OpEx
−$4.6K −$3.92/SF
NOI
$10.6K $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%
$212,820
Cap Rate 7%
$152,014
Cap Rate 9%
$118,233
Alternative Uses
Best Use
Multifamily LT 5
$152.0K
$133.0K – $177.4K
NOI $10,641 @ 7.0% cap · market cap 8.19%
Second Best
Apartment 5plus
$133.1K
$116.5K – $155.3K
NOI $9,316 @ 7.0% cap · market cap 7.17%
Theoretical Best
Office A
$285.2K
$249.5K – $332.7K
NOI $19,962 @ 7.0% cap · market cap 15.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
303
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
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Frequently Asked Questions
What type of property is this?
Duplex - Residential property with two separate units, built in 1943.
Where is this duplex located?
The property is located at 972 Hunt St Akron, OH.
What is the asking price?
The asking price for this property is $129,900.
What are key features of this property?
This property features: Two residential units in one duplex property; Constructed in 1943; Located at 972 Hunt Street, Akron, OH 44306
