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    Property profile & analytics

    436 Lovisa St Akron, OH 44311

    • Residential income homes
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-0313206
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Residential income homes

    Property Details for 436 Lovisa St

    Property type
    Residential income homes

    Description

    This exceptional Akron, Ohio property, located at 436 Lovisa Street, presents a compelling investment opportunity. The property is a Class B, multifamily home currently offered for sale by owner at $112,000. This expansive residence boasts 5,980 square feet of living space, encompassing five bedrooms and two bathrooms. Its generous size makes it ideally suited for large families or as a lucrative rental property. The property's substantial square footage offers ample room for comfortable living and potential for multiple rental units, maximizing return on investment. Situated in Summit County, Akron, OH, zip code 44311, this property offers convenient access to local amenities and transportation. The property's layout and size present a unique opportunity for investors seeking to expand their rental portfolio or for families seeking a spacious home. The substantial living area provides flexibility for various configurations, catering to diverse needs and maximizing rental income potential. This is a rare opportunity to acquire a substantial property in a desirable location at an attractive price point. Serious inquiries are encouraged to explore this promising investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Akron
    County
    Summit
    State
    Ohio
    Longitude
    -81.510366969383
    Latitude
    41.064800763967

    Comparable in this City

    • $625,000
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      1 SF

      Akron Multifamily Portfolio Opportunity

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      Spicer St Kirn St Power St Sherman St, Akron, OH 44311
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    • New
      $125,900
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      Updated Duplex in Akron, OH

      Updated two-unit duplex with modern amenities and recent renovations.
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    • $179,500
      2,314 SF

      Turnkey Duplex in Akron, OH

      Updated duplex with immediate income potential in a growing neighborhood.
      429 Lovisa St, Akron, OH 44311
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    • $100,000

      Akron Income Property Near Downtown

      Income-generating duplex near Downtown Akron and the University.
      151 Russell Ave, Akron, OH 44311
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    • New
      $140,000
      2,240 SF

      Furnished Duplex in Akron, Ohio

      Fully furnished duplex with separate utilities and basements.
      778-780 Brown St, Akron, OH 44311
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    Similar Nearby for Sale

    • $625,000
      5,328 SF

      Downtown Akron Multi-Family

      Six-unit apartment building, strong cash flow.
      628 Units, Akron, OH 44311
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    • $1,250,000

      Akron Apartment Building For Sale

      Fully leased 12-unit apartment building in Akron, Ohio.
      685 Sherman St, Akron, OH 44311
      View Details
    • New
      $140,000
      2,240 SF

      Furnished Duplex in Akron, Ohio

      Fully furnished duplex with separate utilities and basements.
      778-780 Brown St, Akron, OH 44311
      View Details
    • Contact for pricing
      1 SF

      Akron Multifamily Portfolio Opportunity

      Portfolio of 10 properties near the University of Akron.
      Spicer St Kirn St Power St Sherman St, Akron, OH 44311
      View Details
    • New
      $125,900
      0.18 Acres

      Updated Duplex in Akron, OH

      Updated two-unit duplex with modern amenities and recent renovations.
      673 Sumner St, Akron, OH 44311
      View Details
    • $100,000

      Akron Income Property Near Downtown

      Income-generating duplex near Downtown Akron and the University.
      151 Russell Ave, Akron, OH 44311
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      17,651 SF

      Akron Mixed-Use Complex Space

      Office and warehouse/flex spaces in prime Akron location.
      520 S Main St, Akron, OH 44311
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    • $12 SF/Yr
      82,400 SF

      Akron Office Space For Rent

      Office space for rent near Downtown Akron with parking.
      703 South Main St, Akron, OH 44311
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      1,454 SF

      Downtown Akron Retail Space Available

      Retail storefronts with built-in customer base in downtown Akron.
      349-379 S Main St, Akron, OH 44311
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      1,070,000 SF

      Downtown Akron Office Sublease

      Built-out, divisible office space near downtown Akron with open layout.
      540 S Main St, Akron, OH 44311
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      21,700 SF

      Akron Industrial Land For Rent

      Industrial land with highway access, existing utilities, and secure fencing.
      Flex Buildings Gault St, Akron, OH 44311
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    • $2 SF/Yr
      56,680 SF

      Akron Warehouse Sublease Opportunity

      56,680 SF Industrial Space Available
      540 Main St, Akron, OH 44311
      View Details
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    436 Lovisa St
    Akron, OH 44311
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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