1753-1757 Cromwell Dr · Akron, OH 44313

$279,900

5 bd · 3.0 ba · 2,632 sqft · MultiFamily public records · 34 Days on market

Built 1964 0.26 ac lot $106/sqft · 44% above area Est $195k · 44% over

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Why this score? — see what drove the C 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 +28.4/30.0
• DSCR +10.0/10.0
• 1% rule +7.6/10.0
• Rent growth +4.5/5.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 3 units. confirmed

Listing remarks MLS

All brick 3 units. Lower unit kitchen 12x13, Living room 14x20 and bedroom 11x13. Middle and top unit are the same size. Living room 14x19, dining room 10x12, kitchen 13x16, br 10x14 amd 2 bedroom 12x12. 3 car garage, one for each unit. New electric service boxes for all 3 units. Central Air 2nd & 3rd floor unit, H2O tank 2001, 2011, 2013, 3 furnaces 15+ years. All dates approximate. Upper unit was owner occupied and the other 2 units left vacant for new owner. 2 stoves, 3 refrigerators and 2 dishwashers.

Key facts

• Formal dining room
• Private driveway
• Brick triplex

Tags

• BRICK TRIPLEX
• PRIVATE DRIVEWAY
• DETACHED 3-CAR GARAGE
• SPACIOUS LIVING ROOM
• HARDWOOD FLOORS
• FORMAL DINING ROOM

Property features AI

Finance

• Financial info: Owner pays water, sewer, and trash collection; Tenants pay electricity and gas; One unit is leased at $750/month

Exterior

• Parking: Detached garage; Three garage spaces
• Utilities: Public water; Public sewer
• Home design: Multi-unit property with three separate units; Above-grade finished area approximately 2,632 square feet
• Construction: Brick construction; Asphalt/fiberglass shingle roof
• Exterior features: Lot size approximately 0.2576 acres; Single building on the lot

Interior

• Bedrooms: Multiple units: two 2-bedroom units and one 1-bedroom unit (unit-level bedroom counts shown)
• Bathrooms: Three full bathrooms total; Each unit includes one bathroom
• Heating & cooling: Central air conditioning; Ceiling fans; Forced-air heating (gas)
• Interior features: Unfinished basement; 14 total rooms

What this means for you Summary

Snapshot

• This is a 3 × 2-bed/?-bath units multifamily listed at $280k.

Deal economics

• At list price, monthly cash flow is $906 ($11k/yr) — positive. Per door: $302/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $280k).
• Recommended offer: $272k (3.0% below list) — sets the bar for market timing.
• Cap rate 10.2% 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 fast (+8.0%/yr); 126 active listings in the ZIP; 1 comparable units currently listed for rent nearby; solid renter incomes; 1,114 units permitted in Summit County in 2024 (397 in 5+ unit buildings).
• At $3,531/mo this rent would consume 56% of the median local household income ($76k/yr) (locally 1193% 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 $2k of loan paydown is wiped out by about $8k 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 + 8.0% rent growth), your $78k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 34 days — a 3% lower offer ($272k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 11y 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.
• Current owner paid $83k; list at $280k implies a 237% gain — meaningful room to come down on a strong offer.

Recommended offer $271,503 (3.0% below list)

Questions for the listing agent

1. It's been on market 34 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1964 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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.
8. 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.
9. 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: 1.26% ✓
• Cap rate: 10.18%
• Cash-on-cash: 13.87%
• DSCR: 1.62
• GRM: 6.6

CMA / ARV

• ARV (median comp): $194,881
• List price: $279,900
• Delta: 43.63%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1834-1836 Cromwell Dr	0.14mi	4/2.0 (-1)	2,756 (+5%)	9mo	$180,000	$65	69
1633-1635 Liberty Dr	0.55mi	4/3.0 (-1)	2,520 (-4%)	8mo	$210,000	$83	56
463-465 Treeside Dr	0.22mi	4/2.0 (-1)	2,322 (-12%)	16mo	$195,463	$84	48
1623-1625 Liberty Dr	0.55mi	4/3.0 (-1)	2,382 (-10%)	8mo	$210,000	$88	47
1697-1699 Liberty Dr	0.55mi	4/2.0 (-1)	2,450 (-7%)	9mo	$265,000	$108	47

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 · 7.98% rent growth · sell at horizon

5-year hold

• IRR: 9.5%
• Equity multiple: 1.39×
• Total profit: $30,937
• Equity at exit: $41,734

10-year hold

• IRR: 22.4%
• Equity multiple: 3.37×
• Total profit: $185,852
• Equity at exit: $24,201

Cash invested: $78,372 (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 44313

• Rents YoY: 8.0%
• Active inventory: 126
• Price-to-rent: 19.8×

Monthly cashflow live

• Estimated rent: $3,531 high
• Mortgage (P&I): −$1,468
• Tax from tax record: −$299 /mo · $3,591/yr
• Insurance: −$117
• HOA: −$0
• Vacancy / Maint / Mgmt: −$742
• Net cashflow: $906

Break-even live

Break-even rent $2,384

Max offer price $279,900

Occupancy floor 69%

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

Units	Beds	Baths	Est. rent
▸ 3× units	2	—	$3,531
Total (3 units)			$3,531

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: $69,975
• Closing costs: $8,397
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1183 Romayne Dr Akron, OH	4.0	2.0	2024	$2,400	$1.19	23d	1	1.06mi

Listing history 16 events

1. 2026-06-10
   status $279,900 Pending 34 DOM
2. 2026-06-09
   days on market $279,900 Contingent 34 DOM
3. 2026-06-08
   days on market $279,900 Contingent 33 DOM
4. 2026-06-07
   days on market $279,900 Contingent 32 DOM
5. 2026-06-05
   days on market $279,900 Contingent 29 DOM
6. 2026-06-03
   days on market $279,900 Contingent 28 DOM
7. 2026-06-02
   days on market $279,900 Contingent 27 DOM
8. 2026-06-01
   days on market $279,900 Contingent 26 DOM
9. 2026-05-31
   days on market $279,900 Contingent 25 DOM
10. 2026-05-31
    days on market $279,900 Contingent 24 DOM
11. 2026-05-12
    historical Contingent 613-char remark
12. 2026-05-06
    listed $279,900 Active 613-char remark
13. 2015-12-23
    soldstatus $83,000 Sold 518-char remark

    Show marketing remark (518 chars)

    All brick 3 units. Lower unit kitchen 12x13, Living room 14x20 and bedroom 11x13. Middle and top unit are the same size. Living room 14x19, dining room 10x12, kitchen 13x16, br 10x14 amd 2 bedroom 12x12. 3 car garage, one for each unit. New electric service boxes for all 3 units. Central Air 2nd & 3rd floor unit, H2O tank 2001, 2011, 2013, 3 furnaces 15+ years. All dates approximate. Upper unit was owner occupied and the other 2 units left vacant for new owner. 2 stoves, 3 refrigerators and 2 dishwashers.

14. 2015-12-22
    soldstatus $83,000
15. 2015-11-03
    status Pending 518-char remark

    Show marketing remark (518 chars)

    All brick 3 units. Lower unit kitchen 12x13, Living room 14x20 and bedroom 11x13. Middle and top unit are the same size. Living room 14x19, dining room 10x12, kitchen 13x16, br 10x14 amd 2 bedroom 12x12. 3 car garage, one for each unit. New electric service boxes for all 3 units. Central Air 2nd & 3rd floor unit, H2O tank 2001, 2011, 2013, 3 furnaces 15+ years. All dates approximate. Upper unit was owner occupied and the other 2 units left vacant for new owner. 2 stoves, 3 refrigerators and 2 dishwashers.

16. 2015-09-16
    listed $89,900 Active 518-char remark

    Show marketing remark (518 chars)

    All brick 3 units. Lower unit kitchen 12x13, Living room 14x20 and bedroom 11x13. Middle and top unit are the same size. Living room 14x19, dining room 10x12, kitchen 13x16, br 10x14 amd 2 bedroom 12x12. 3 car garage, one for each unit. New electric service boxes for all 3 units. Central Air 2nd & 3rd floor unit, H2O tank 2001, 2011, 2013, 3 furnaces 15+ years. All dates approximate. Upper unit was owner occupied and the other 2 units left vacant for new owner. 2 stoves, 3 refrigerators and 2 dishwashers.

ⓘ 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: $3,591 · $299/mo
• Projected year-2 tax: $3,979 · $332/mo
• Expected delta: +$388/yr (+$32/mo · 10.8%)

ⓘ 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 · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $42,372
• − Mortgage interest: −$15,679
• − Property taxes: −$3,591
• − Insurance: −$1,400
• − Repairs & maintenance: −$3,390
• − Management: −$3,390
• − Depreciation: −$8,143
• Taxable income: $6,780
• Est. tax owed @ 24.0%: −$1,627
• After-tax cash flow: $9,242/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): 26,631
• Household income: $75,671
• Rent vs Own: 38.8% rent · 61.2% own
• Severe rent burden: 1193.0

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: Predominantly White (67%)
• Race & ethnicity: White 67% Black 22% Two or more races 8% Hispanic / Latino 3% Asian 2%
• Common ancestry: Romanian 3% Slovak 3% Lithuanian 2%
• Foreign-born: 3% · Canada
• Languages at home: 96% 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: ▼ -164.43%
• Current HPI: 208.6149
• Rent YoY: ▲ 7.98%
• 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

+211.3% since first listed

7 events — show timeline

• 2026-06-09 Pending — MLSNOW
• 2026-05-12 Contingent — MLSNOW
• 2026-05-06 Listed $279,900 MLSNOW
• 2015-12-23 Sold (MLS) $83,000 MLSNOW
• 2015-12-22 Sold (Public Records) $83,000 Public Records
• 2015-11-03 Pending — MLSNOW
• 2015-09-16 Listed $89,900 MLSNOW

Property tax history

+0.4%/yr

Latest (2025): $3,591 · +0.2% YoY. Source: county tax records.