339 Hillwood Dr · Akron, OH 44320

$130,000

4 bd · 2.0 ba · 2,050 sqft · MultiFamily public records · 13 Days on market

Built 1918 5,601 sqft lot Est $148k · 12% under

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Why this score? — see what drove the B grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• ARV discount +12.9/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +4.0/5.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks MLS

Seize this fantastic opportunity to own a fully occupied duplex in Akron's booming rental market! This property features a 1-bedroom unit rented for $745 on a lease until 4/30/2025 and a 2-bedroom unit on a month to month lease rented for $795, bringing in just shy of $20,000 per year in rent. Tenants handle gas and electric, while the owner covers water and sewer—making it a low-maintenance investment. With a cap rate exceeding 10% at the asking price, this is a cash-flowing dream! The property is in outstanding shape with a 2019 roof, brand-new exterior stairs, fresh flooring and carpet in the upstairs unit, newer siding, and more. Currently self-managed by the owner, offering an easy, turnkey investment in a high-demand location with additional upside! * Summit County Auditor's website states that there are 4 total bedrooms while the owner states that there are 3 total bedrooms. Can be purchased with 399 N Thomas Rd / Parcels: 60-05811 & 60-05807 and 150 S Portage Path / Parcel: 6828453.

Key facts

• Updated carpet
• Newer siding
• Roof replacement

Tags

• ROOF REPLACEMENT
• NEWER SIDING
• NEWER EXTERIOR STAIRS
• UPDATED FLOORING
• UPDATED CARPET

Property features AI

Finance

• Financial info: One 2-bedroom unit currently renting for $875; One 1-bedroom unit currently renting for $845 (leased); Owner covers sewer, trash collection, and water; tenants cover electricity and gas

Exterior

• Parking: Detached 2-car garage; Driveway parking; on-site parking available
• Utilities: Public water; Public sewer
• Home design: Multifamily property with 1 building; Above-grade finished area reported (assessor)
• Construction: Vinyl siding; Asphalt shingle roof; Built (year source: public records)
• Exterior features: Lot approximately 0.1286 acres; Public water and public sewer

Interior

• Kitchen: Kitchens present in each unit (appliances not specified)
• Bedrooms: One 2-bedroom unit (moving out end of May); One 1-bedroom unit (currently leased)
• Bathrooms: Two full bathrooms total across units; Each unit includes one full bathroom
• Heating & cooling: Forced air heating (gas)
• Interior features: Full basement; Updated/remodeled condition
• Laundry & utility: Tenant pays electricity and gas; owner pays water, sewer, and trash collection

What this means for you Summary

Snapshot

• This is a 2 × 3-bed/2.0-bath units multifamily listed at $130k.

Deal economics

• At list price, monthly cash flow is $1k ($12k/yr) — positive. Per door: $504/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $130k).
• Cap rate 15.6% vs local median 6.6% in Akron — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 81/100 on livability (#104 in OH, #1,591 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+; Watch: crime F, employment F.
• Akron City (urban): math 22% / reading 30% proficiency, ranked #602 of 656 in OH (top 92%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 66% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+1.6%/yr); 102 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 53% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 1,114 units permitted in Summit County in 2024 (397 in 5+ unit buildings).
• At $2,377/mo this rent would consume 69% of the median local household income ($41k/yr) (locally 1316% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $899 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Summit County population projected to shrink 6% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 1.6% rent growth), your $36k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• Only 13 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 4y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: built in 1918 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $130,000

Questions for the listing agent

1. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
2. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
3. Built in 1918 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.83% ✓
• Cap rate: 15.60%
• Cash-on-cash: 33.23%
• DSCR: 2.48
• GRM: 4.6

CMA / ARV

• ARV (on-the-fly): $147,600
• Comps found: 9

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
916-918 Peckham St	0.25mi	4/2.0	1,960 (-4%)	7mo	$135,000	$69	76
120 Beck Ave	0.32mi	3/2.0 (-1)	2,145 (+5%)	7mo	$120,000	$56	66
124 Beck Ave	0.31mi	4/3.0	2,225 (+8%)	10mo	$135,000	$61	59
150 S Portage Path	0.32mi	4/2.0	1,934 (-6%)	20mo	$139,900	$72	59
480 Bell St	0.72mi	4/2.0	2,152 (+5%)	2mo	$231,000	$107	57
621 W Exchange St	0.33mi	4/2.0	1,785 (-13%)	12mo	$166,900	$94	53
38 Grand Ave	0.45mi	3/3.0 (-1)	2,248 (+10%)	10mo	$193,750	$86	46
1049 Jefferson Ave	0.63mi	4/3.0	1,972 (-4%)	18mo	$115,000	$58	45
89 Dick Ave	0.74mi	4/2.0	1,755 (-14%)	23mo	$145,000	$83	23

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 1.65% rent growth · sell at horizon

5-year hold

• IRR: 26.9%
• Equity multiple: 2.10×
• Total profit: $39,974
• Equity at exit: $19,383

10-year hold

• IRR: 33.7%
• Equity multiple: 3.88×
• Total profit: $104,836
• Equity at exit: $11,240

Cash invested: $36,400 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 73 Landlord-Friendly
• State Ohio: 73 Landlord-Friendly · R+6
• County: — inherits STATE
• City: — inherits STATE

3-day notice; Cleveland / Columbus have some habitability code enforcement; otherwise landlord-leaning.

Methodology + full state rankings →

ZIP-level market 44320

• Rents YoY: 1.6%
• Active inventory: 102
• Price-to-rent: 9.1×

Monthly cashflow live

• Estimated rent: $2,377 high
• Mortgage (P&I): −$682
• Tax from tax record: −$134 /mo · $1,606/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$499
• Net cashflow: $1,008

Break-even live

Break-even rent $1,101

Max offer price $130,000

Occupancy floor 53%

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	3	2	$2,376
Total (2 units)			$2,377

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $32,500
• Closing costs: $3,900
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
378 Wildwood Ave Akron, OH	4.0	1.0	1544	$1,200	$0.78	43d	1	0.17mi
713 Crosby St Unit 1496092P Akron, OH	3.0	2.0	1840	$5,078	$2.76	21d	1	0.21mi
321 Grace Ave Akron, OH	3.0	2.0	1484	$1,175	$0.79	14d	1	0.34mi
295 Noble Ave Akron, OH	3.0	2.5	1488	$1,600	$1.08	43d	1	0.45mi
677 Crossings Ln Akron, OH	3.0	2.5	1440	$1,950	$1.35	23d	1	0.46mi
91 Westwood Ave Akron, OH	3.0	1.0	1631	$1,450	$0.89	14d	1	0.49mi
900 W Market St Akron, OH	2.0–3.0	1.5–2.0	1880	$2,340	$1.24	23d	6	0.56mi
80 N Portage Path Akron, OH	2.0–3.0	2.0	1462	$1,720	$1.18	43d	1	0.70mi
686 East Ave Akron, OH	4.0	2.0	2032	$1,700	$0.84	43d	1	0.72mi
25 N Rose Blvd Unit 1496095P Akron, OH	4.0	2.5	1603	$9,078	$5.66	21d	1	0.75mi
91 N Portage Path Akron, OH	4.0	2.5	2713	$2,260	$0.83	43d	1	0.76mi
311 Crestwood Ave Akron, OH	4.0	2.0	1800	$1,395	$0.78	43d	1	0.81mi
218 Twin Oaks Rd Unit 222-16 Akron, OH	3.0	2.0	1400	$1,500	$1.07	43d	1	1.01mi
156 S Main St Akron, OH	2.0–3.0	2.0	1197	$2,985	$2.49	23d	4	1.44mi
949 Raymond St Akron, OH	5.0	1.0	1564	$1,150	$0.74	43d	1	1.45mi

Listing history 20 events

1. 2026-06-09
   status $130,000 Pending 13 DOM
2. 2026-06-08
   days on market $130,000 Active 13 DOM
3. 2026-06-07
   days on market $130,000 Active 12 DOM
4. 2026-06-05
   days on market $130,000 Active 9 DOM
5. 2026-06-03
   days on market $130,000 Active 8 DOM
6. 2026-06-02
   days on market $130,000 Active 7 DOM
7. 2026-06-01
   days on market $130,000 Active 6 DOM
8. 2026-05-31
   days on market $130,000 Active 5 DOM
9. 2026-05-31
   days on market $130,000 Active 4 DOM
10. 2026-05-26
    listed $130,000 Active
11. 2024-10-29
    soldstatus $117,000 Closed 1018-char remark

    Show marketing remark (1018 chars)

    Seize this fantastic opportunity to own a fully occupied duplex in Akron's booming rental market! This property features a 1-bedroom unit rented for $745 on a lease until 4/30/2025 and a 2-bedroom unit on a month to month lease rented for $795, bringing in just shy of $20,000 per year in rent. Tenants handle gas and electric, while the owner covers water and sewer—making it a low-maintenance investment. With a cap rate exceeding 10% at the asking price, this is a cash-flowing dream! The property is in outstanding shape with a 2019 roof, brand-new exterior stairs, fresh flooring and carpet in the upstairs unit, newer siding, and more. Currently self-managed by the owner, offering an easy, turnkey investment in a high-demand location with additional upside! * Summit County Auditor's website states that there are 4 total bedrooms while the owner states that there are 3 total bedrooms. Can be purchased with 399 N Thomas Rd / Parcels: 60-05811 & 60-05807 and 150 S Portage Path / Parcel: 6828453.

12. 2024-10-29
    soldstatus $117,000

    Show marketing remark (1018 chars)

    Seize this fantastic opportunity to own a fully occupied duplex in Akron's booming rental market! This property features a 1-bedroom unit rented for $745 on a lease until 4/30/2025 and a 2-bedroom unit on a month to month lease rented for $795, bringing in just shy of $20,000 per year in rent. Tenants handle gas and electric, while the owner covers water and sewer—making it a low-maintenance investment. With a cap rate exceeding 10% at the asking price, this is a cash-flowing dream! The property is in outstanding shape with a 2019 roof, brand-new exterior stairs, fresh flooring and carpet in the upstairs unit, newer siding, and more. Currently self-managed by the owner, offering an easy, turnkey investment in a high-demand location with additional upside! * Summit County Auditor's website states that there are 4 total bedrooms while the owner states that there are 3 total bedrooms. Can be purchased with 399 N Thomas Rd / Parcels: 60-05811 & 60-05807 and 150 S Portage Path / Parcel: 6828453.

13. 2024-09-21
    status Pending 1018-char remark

    Show marketing remark (1018 chars)

    Seize this fantastic opportunity to own a fully occupied duplex in Akron's booming rental market! This property features a 1-bedroom unit rented for $745 on a lease until 4/30/2025 and a 2-bedroom unit on a month to month lease rented for $795, bringing in just shy of $20,000 per year in rent. Tenants handle gas and electric, while the owner covers water and sewer—making it a low-maintenance investment. With a cap rate exceeding 10% at the asking price, this is a cash-flowing dream! The property is in outstanding shape with a 2019 roof, brand-new exterior stairs, fresh flooring and carpet in the upstairs unit, newer siding, and more. Currently self-managed by the owner, offering an easy, turnkey investment in a high-demand location with additional upside! * Summit County Auditor's website states that there are 4 total bedrooms while the owner states that there are 3 total bedrooms. Can be purchased with 399 N Thomas Rd / Parcels: 60-05811 & 60-05807 and 150 S Portage Path / Parcel: 6828453.

14. 2024-09-09
    listed $124,900 Active 1018-char remark

    Show marketing remark (1018 chars)

    Seize this fantastic opportunity to own a fully occupied duplex in Akron's booming rental market! This property features a 1-bedroom unit rented for $745 on a lease until 4/30/2025 and a 2-bedroom unit on a month to month lease rented for $795, bringing in just shy of $20,000 per year in rent. Tenants handle gas and electric, while the owner covers water and sewer—making it a low-maintenance investment. With a cap rate exceeding 10% at the asking price, this is a cash-flowing dream! The property is in outstanding shape with a 2019 roof, brand-new exterior stairs, fresh flooring and carpet in the upstairs unit, newer siding, and more. Currently self-managed by the owner, offering an easy, turnkey investment in a high-demand location with additional upside! * Summit County Auditor's website states that there are 4 total bedrooms while the owner states that there are 3 total bedrooms. Can be purchased with 399 N Thomas Rd / Parcels: 60-05811 & 60-05807 and 150 S Portage Path / Parcel: 6828453.

15. 2022-06-24
    soldstatus $50,000
16. 2022-06-22
    status Pending 686-char remark

    Show marketing remark (686 chars)

    Turnkey rental with long term month-to-month tenants. Rent is under market. Built as a duplex so floor-plans are similar. First floor offers living room running the width of the house with fireplace on north wall, formal dining, two bedrooms at the rear with original kitchen and small bath off the kitchen. Upstairs is a large living room with nook at the front with nice built-in cabinets tenant is using as a bedroom. This unit offers a formal dining room, and very large kitchen and the second true bedroom is the entire third floor. Both tenants have access to the basement. Separate electric and older furnaces. Roof replaced with tear-off in 2019. Replacement windows throughout.

17. 2022-06-22
    soldstatus $50,000 Closed 686-char remark

    Show marketing remark (686 chars)

    Turnkey rental with long term month-to-month tenants. Rent is under market. Built as a duplex so floor-plans are similar. First floor offers living room running the width of the house with fireplace on north wall, formal dining, two bedrooms at the rear with original kitchen and small bath off the kitchen. Upstairs is a large living room with nook at the front with nice built-in cabinets tenant is using as a bedroom. This unit offers a formal dining room, and very large kitchen and the second true bedroom is the entire third floor. Both tenants have access to the basement. Separate electric and older furnaces. Roof replaced with tear-off in 2019. Replacement windows throughout.

18. 2022-05-13
    historical Contingent 686-char remark

    Show marketing remark (686 chars)

    Turnkey rental with long term month-to-month tenants. Rent is under market. Built as a duplex so floor-plans are similar. First floor offers living room running the width of the house with fireplace on north wall, formal dining, two bedrooms at the rear with original kitchen and small bath off the kitchen. Upstairs is a large living room with nook at the front with nice built-in cabinets tenant is using as a bedroom. This unit offers a formal dining room, and very large kitchen and the second true bedroom is the entire third floor. Both tenants have access to the basement. Separate electric and older furnaces. Roof replaced with tear-off in 2019. Replacement windows throughout.

19. 2022-05-09
    listed $59,900 Active 686-char remark

    Show marketing remark (686 chars)

    Turnkey rental with long term month-to-month tenants. Rent is under market. Built as a duplex so floor-plans are similar. First floor offers living room running the width of the house with fireplace on north wall, formal dining, two bedrooms at the rear with original kitchen and small bath off the kitchen. Upstairs is a large living room with nook at the front with nice built-in cabinets tenant is using as a bedroom. This unit offers a formal dining room, and very large kitchen and the second true bedroom is the entire third floor. Both tenants have access to the basement. Separate electric and older furnaces. Roof replaced with tear-off in 2019. Replacement windows throughout.

20. 1991-04-25
    soldstatus $15,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast OH · Partial reset (capped growth)

• Current annual tax: $1,606 · $134/mo
• Projected year-2 tax: $1,817 · $151/mo
• Expected delta: +$211/yr (+$18/mo · 13.1%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥97°F today · 16 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $28,524
• − Mortgage interest: −$7,282
• − Property taxes: −$1,606
• − Insurance: −$650
• − Repairs & maintenance: −$2,282
• − Management: −$2,282
• − Depreciation: −$3,782
• Taxable income: $10,641
• Est. tax owed @ 24.0%: −$2,554
• After-tax cash flow: $9,544/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Akron City
• NCES district ID: 3904348
• Math proficiency: 22% ▼ -17.00%
• Reading proficiency: 30% ▼ -12.00%
• Median HH income: $33,811
• Composite: 21.31/100
• National rank: #8383
• State rank: #602 of 656 in OH

Livability — Akron

• Score: 81/100
• State rank: #104
• US rank: #1591

Category grades

Amenities A+ Commute A+ Cost of living A+ Crime F Employment F Housing A+ Health & safety A+ User ratings D-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Akron, OH
• County: Summit County · 440,783 people
• City population: 174,375
• Metro: Akron, OH
• Population (ZIP): 17,690
• Household income: $41,241
• Rent vs Own: 46.1% rent · 53.9% own
• Severe rent burden: 1316.0

Population outlook (Summit County) Hauer SSP2

• Today (2025): 546,583 people
• By 2030: 544,028 · -0.5%
• By 2040: 531,363 · -2.8%
• By 2050: 514,923 · -5.8%
• By 2075: 481,765 · -11.9%
• By 2100: 432,265 · -20.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority Black (63%)
• Race & ethnicity: Black 63% White 27% Two or more races 7% Hispanic / Latino 4%
• Common ancestry: Romanian 2% Italian 1% Scotch-Irish 1%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 1% Other Indo-European 1%

Political lean MEDSL · Summit

• 2024 margin: Lean D (+7.0) · D 53.0% · R 46.0%
• 2008→2024 swing: -9.6pp toward R · 2008: 16.6pp · 2024: 7.0pp
• All cycles: 2024: D+7.0 2020: D+9.6 2016: D+8.2 2012: D+14.8 2008: D+16.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -117.69%
• Current HPI: 122.9888
• Rent YoY: ▲ 1.65%
• Metro: Akron, OH
• State GDP YoY: ▲ 1.98%
• F500 in state: 48

Industry mix (Fortune 500 HQ in OH)

Industry	F500 HQs	Revenue
▸Insurance	3	$145B
▸Industrial Machinery	3	$49B
▸Financial Services	3	$24B
▸Consumer Goods	2	$93B
▸Aerospace / Defense	2	$47B
▸Utilities	2	$33B

Price history

+766.7% since first listed

11 events — show timeline

• 2026-05-26 Listed $130,000 MLSNOW
• 2024-10-29 Sold (Public Records) $117,000 Public Records
• 2024-10-29 Sold (MLS) $117,000 MLSNOW
• 2024-09-21 Pending — MLSNOW
• 2024-09-09 Listed $124,900 MLSNOW
• 2022-06-24 Sold (Public Records) $50,000 Public Records
• 2022-06-22 Pending — MLSNOW
• 2022-06-22 Sold (MLS) $50,000 MLSNOW
• 2022-05-13 Contingent — MLSNOW
• 2022-05-09 Listed $59,900 MLSNOW
• 1991-04-25 Sold (Public Records) $15,000 Public Records

Property tax history

+2.2%/yr

Latest (2025): $1,606 · -10.3% YoY. Source: county tax records.