340 Crosby St · Akron, OH 44303

$149,900

3 bd · 2.0 ba · 2,026 sqft · MultiFamily public records · 1 Days on market

Built 1884 6,547 sqft lot Est $160k · 6% 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 +10.4/15.0
• DSCR +10.0/10.0
• 1% rule +8.9/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• 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

Spacious Duplex situated on a Corner Parcel - Unit One with 3BD/1.5 BA - Unit Two 2BD/1.5 BA - Full Common use Basement with Laundry Area and additional storage. Some Improvements with Nice Laminate Flooring and Bathrooms - Functional Floor Plans in both Units. This Duplex needs minimal cosmetics! This is a great opportunity for immediate cash flow for Investment or Could be used as Owner Occupied one Unit and Rent the other for additional income. Great Location just off Market St, Metro Bus Lines, and minutes to Downtown, Freeways, and Area Amenities. Come take a look! Agents see broker remarks for Placing your Offers - Don't wait on this one, this is a great Investment Opportunity! Property is to be Sold AS-IS. Seller has no reports or other information concerning condition. Buyer is responsible for due diligence in researching all information and intended end use.

Key facts

• Curb appeal
• Off-street parking
• Rental income

Tags

• CORNER LOT
• CURB APPEAL
• OFF-STREET PARKING
• RENTAL INCOME

Property features AI

Finance

• Other:
• Financial info: Annual taxes recorded (2025)
• HOA & community:

Exterior

• Parking: Driveway
• Security:
• Utilities: Public water; Public sewer
• Home design: 2-story home
• Construction: Vinyl siding; Asphalt and fiberglass roof
• Exterior features: Lot recorded as 0.1503 acres

Interior

• Kitchen:
• Bedrooms:
• Flooring:
• Bathrooms: 2 full bathrooms; 2 half bathrooms
• Heating & cooling: Forced air heating; Gas heating
• Interior features: Unfinished basement
• Laundry & utility:

What this means for you Summary

Snapshot

• This is a 1×2bd/1.5ba + 1×1bd/1.5ba units multifamily listed at $150k.

Deal economics

• At list price, monthly cash flow is $593 ($7k/yr) — positive. Per door: $296/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Cap rate 11.0% 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: 40 active listings in the ZIP; 20 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 45% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,114 units permitted in Summit County in 2024 (397 in 5+ unit buildings).
• This rent runs 36% of the median local income ($70k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k 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 + 3.0% rent growth), your $42k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 7 sale attempts since 22y 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 $115k; 30% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1884 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $149,900

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 1884 — 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: 1.39% ✓
• Cap rate: 11.04%
• Cash-on-cash: 16.95%
• DSCR: 1.75
• GRM: 6.0

CMA / ARV

• ARV (on-the-fly): $160,054
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
18 Oakdale Ave	0.24mi	3/2.0	1,738 (-14%)	9mo	$137,000	$79	57
120 Beck Ave	0.60mi	3/2.0	2,145 (+6%)	7mo	$120,000	$56	56
480 Bell St	0.63mi	4/2.0 (+1)	2,152 (+6%)	2mo	$231,000	$107	54
621 W Exchange St	0.51mi	4/2.0 (+1)	1,785 (-12%)	12mo	$166,900	$94	41
124 Beck Ave	0.59mi	4/3.0 (+1)	2,225 (+10%)	10mo	$135,000	$61	39

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 8.2%
• Equity multiple: 1.32×
• Total profit: $13,501
• Equity at exit: $22,351

10-year hold

• IRR: 17.5%
• Equity multiple: 2.44×
• Total profit: $60,531
• Equity at exit: $12,961

Cash invested: $41,972 (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 44303

• Active inventory: 40
• Price-to-rent: 11.6×

Monthly cashflow live

• Estimated rent: $2,080 high
• Mortgage (P&I): −$786
• Tax from tax record: −$202 /mo · $2,423/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$437
• Net cashflow: $593

Break-even live

Break-even rent $1,330

Max offer price $149,900

Occupancy floor 66%

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

Units	Beds	Baths	Est. rent
1× unit	2	1.5	$1,078
1× unit	1	1.5	$1,002
Total (2 units)			$2,080

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: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Rent comps 20 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
311 Crestwood Ave Akron, OH	4.0	2.0	1800	$1,395	$0.78	44d	1	0.05mi
55 S Balch St Unit A Akron, OH	2.0	1.0	1500	$800	$0.53	23d	1	0.24mi
53 S Balch St Unit 55 Akron, OH	2.0	1.0	1500	$850	$0.57	14d	1	0.24mi
91 Westwood Ave Akron, OH	3.0	1.0	1631	$1,450	$0.89	14d	1	0.31mi
713 Crosby St Unit 1496092P Akron, OH	3.0	2.0	1840	$5,078	$2.76	21d	1	0.65mi
724 Crosby St Unit 1 Akron, OH	2.0	1.0	1582	$995	$0.63	44d	1	0.66mi
724 Crosby St Akron, OH	2.0	1.0	1582	$995	$0.63	23d	1	0.66mi
156 S Main St Akron, OH	2.0–3.0	2.0	1197	$2,985	$2.49	23d	4	0.78mi
677 Crossings Ln Akron, OH	3.0	2.5	1440	$1,950	$1.35	23d	1	0.91mi
378 Wildwood Ave Akron, OH	4.0	1.0	1544	$1,200	$0.78	44d	1	0.94mi
900 W Market St Akron, OH	2.0–3.0	1.5–2.0	1880	$2,340	$1.24	23d	6	1.01mi
22 E Exchange St Apt 310 Akron, OH	3.0	3.0	1496	$1,962	$1.31	44d	1	1.04mi
80 N Portage Path Akron, OH	2.0–3.0	2.0	1462	$1,720	$1.18	44d	1	1.10mi
91 N Portage Path Akron, OH	4.0	2.5	2713	$2,260	$0.83	44d	1	1.12mi
321 Grace Ave Akron, OH	3.0	2.0	1484	$1,175	$0.79	14d	1	1.12mi
25 N Rose Blvd Unit 1496095P Akron, OH	4.0	2.5	1603	$9,078	$5.66	21d	1	1.17mi
686 East Ave Akron, OH	4.0	2.0	2032	$1,700	$0.84	44d	1	1.23mi
295 Noble Ave Akron, OH	3.0	2.5	1488	$1,600	$1.08	44d	1	1.23mi
931 Trimble Dr Akron, OH	2.0	1.5	1448	$1,495	$1.03	23d	1	1.38mi
218 Twin Oaks Rd Unit 222-16 Akron, OH	3.0	2.0	1400	$1,500	$1.07	44d	1	1.38mi

Listing history 2 events

1. 2026-06-19
   remarks 613-char remark
2. 2026-06-19
   listed $149,900 Active 1 DOM

ⓘ 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: $2,423 · $202/mo
• Projected year-2 tax: $2,423 · $202/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 3/10 Moderate 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,960
• − Mortgage interest: −$8,397
• − Property taxes: −$2,423
• − Insurance: −$750
• − Repairs & maintenance: −$1,997
• − Management: −$1,997
• − Depreciation: −$4,361
• Taxable income: $5,036
• Est. tax owed @ 24.0%: −$1,209
• After-tax cash flow: $5,904/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): 7,323
• Household income: $69,743
• Rent vs Own: 48.8% rent · 51.2% own
• Severe rent burden: 428.0

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 (74%)
• Race & ethnicity: White 74% Black 17% Two or more races 4% Asian 3% Hispanic / Latino 2%
• Common ancestry: Romanian 4% Slovak 4% Italian 3%
• Foreign-born: 5% · India, China, Canada
• Languages at home: 95% English-only · Other Indo-European 2% Spanish 1% Other Asian/Pacific 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: ▼ -177.22%
• Current HPI: 230.8496
• Rent YoY: —
• 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

+756.6% since first listed

17 events — show timeline

• 2026-06-18 Listed $149,900 MLSNOW
• 2024-11-27 Sold (MLS) $115,000 MLSNOW
• 2024-10-07 Pending — MLSNOW
• 2024-09-13 Listed $119,900 MLSNOW
• 2019-02-01 Sold (Public Records) $25,625 Public Records
• 2008-02-08 Sold (Public Records) $20,000 Public Records
• 2008-02-08 Sold (MLS) $20,000 MLSNOW
• 2007-07-16 Listed $44,900 MLSNOW
• 2007-07-13 Listing Removed — MLSNOW
• 2007-05-14 Listed $59,000 MLSNOW
• 2006-10-31 Listing Removed — MLSNOW
• 2006-08-01 Listed $64,995 MLSNOW
• 2005-07-25 Listing Removed — MLSNOW
• 2005-05-26 Listed $62,900 MLSNOW
• 2004-08-04 Listing Removed — MLSNOW
• 2004-05-05 Listed $69,900 MLSNOW
• 1984-01-23 Sold (Public Records) $17,500 Public Records

Property tax history

+5.1%/yr

Latest (2025): $2,423 · +0.1% YoY. Source: county tax records.