1851 Cromwell Dr · Akron, OH 44313

$299,000

8 bd · 3.0 ba · 3,540 sqft · MultiFamily · 80 Days on market

Built 1961 Good condition 10,454 sqft lot $84/sqft · 48% above area Est $202k · 48% over

---

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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +4.5/5.0
• Livability +4.0/5.0
• Condition / age +3.8/5.0
• 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: 2 units. confirmed

Listing remarks MLS

Well-maintained side-by-side duplex located in desirable Northwest Akron! This spacious multi-family property offers approximately 3,540 sq ft of living space on a generous 0.24-acre lot, making it an excellent opportunity for both investors and owner-occupants. Each unit features 4 bedrooms and 1.5 baths, along with a large living room, formal dining room, and dedicated laundry area, providing comfortable and functional layouts ideal for long-term tenants. Property highlights include: Strong income-producing property with rents ranging from 1,300–1,400 per unit Consistently fully occupied with strong rental demand Newer roof (less than 10 years old) Newer furnaces in both units Central air conditioning in both units Side-by-side layout offering privacy and excellent tenant appeal Shared garage and ample parking This property has proven to be a reliable money maker for investors, with steady occupancy and solid rental history. Conveniently located near shopping, schools, and major highways, this duplex offers both immediate cash flow and long-term upside potential.

Key facts

• Generous lot
• Side-by-side duplex
• Newer furnaces

Tags

• SIDE-BY-SIDE DUPLEX
• GENEROUS LOT
• NEWER ROOF
• NEWER FURNACES
• CENTRAL AIR CONDITIONING
• AMPLE PARKING

What this means for you Summary

Snapshot

• This is a 2 × 4.0-bed/1.5-bath units multifamily listed at $299k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $2k ($18k/yr) — positive. Per door: $763/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($5k rent vs $299k).
• Recommended offer: $281k (6.0% below list) — sets the bar for market timing.
• Cap rate 12.4% 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; solid renter incomes; 1,114 units permitted in Summit County in 2024 (397 in 5+ unit buildings).
• At $4,548/mo this rent would consume 72% 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 $9k 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 $84k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 80 days — a 6% lower offer ($281k) is reasonable based on typical stale-listing flexibility.

Recommended offer $281,060 (6.0% below list)

Questions for the listing agent

1. It's been on market 80 days. Have you received any prior offers? Is the seller open to a 6% 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 1961 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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.
9. 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.
10. 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: 1.52% ✓
• Cap rate: 12.42%
• Cash-on-cash: 21.88%
• DSCR: 1.97
• GRM: 5.5

CMA / ARV

• ARV (median comp): $201,888
• List price: $299,000
• Delta: 48.10%
• Verdict: OVERPRICED
• Comps: 12 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 7.98% rent growth · sell at horizon

5-year hold

• IRR: 20.1%
• Equity multiple: 1.87×
• Total profit: $72,782
• Equity at exit: $44,582

10-year hold

• IRR: 31.5%
• Equity multiple: 4.56×
• Total profit: $297,744
• Equity at exit: $25,852

Cash invested: $83,720 (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: 11.0×

Monthly cashflow live

• Estimated rent: $4,548 high
• Mortgage (P&I): −$1,568
• Tax est. 1.5%: −$374 /mo · $4,485/yr
• Insurance: −$125
• HOA: −$0
• Vacancy / Maint / Mgmt: −$955
• Net cashflow: $1,527

Break-even live

Break-even rent $2,616

Max offer price $299,000

Occupancy floor 61%

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

Units	Beds	Baths	Est. rent
▸ 2× units	4.0	1.5	$4,548
Total (2 units)			$4,548

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: $74,750
• Closing costs: $8,970
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-06-18
   days on market $299,000 Active 80 DOM
2. 2026-06-17
   days on market $299,000 Active 79 DOM
3. 2026-06-16
   days on market $299,000 Active 78 DOM
4. 2026-06-15
   days on market $299,000 Active 77 DOM
5. 2026-06-14
   days on market $299,000 Active 75 DOM
6. 2026-06-13
   days on market $299,000 Active 74 DOM
7. 2026-06-10
   days on market $299,000 Active 72 DOM
8. 2026-06-09
   days on market $299,000 Active 71 DOM
9. 2026-06-08
   days on market $299,000 Active 70 DOM
10. 2026-06-07
    days on market $299,000 Active 69 DOM
11. 2026-06-05
    days on market $299,000 Active 66 DOM
12. 2026-06-03
    days on market $299,000 Active 65 DOM
13. 2026-06-02
    days on market $299,000 Active 64 DOM
14. 2026-06-01
    pricedays on market $299,000 Active 63 DOM
15. 2026-05-31
    days on market $329,000 Active 62 DOM
16. 2026-05-31
    days on market $329,000 Active 61 DOM
17. 2026-04-22
    price $329,000 1095-char remark

    Show marketing remark (1095 chars)

    Well-maintained side-by-side duplex located in desirable Northwest Akron! This spacious multi-family property offers approximately 3,540 sq ft of living space on a generous 0.24-acre lot, making it an excellent opportunity for both investors and owner-occupants. Each unit features 4 bedrooms and 1.5 baths, along with a large living room, formal dining room, and dedicated laundry area, providing comfortable and functional layouts ideal for long-term tenants. Property highlights include: Strong income-producing property with rents ranging from 1,300–1,400 per unit Consistently fully occupied with strong rental demand Newer roof (less than 10 years old) Newer furnaces in both units Central air conditioning in both units Side-by-side layout offering privacy and excellent tenant appeal Shared garage and ample parking This property has proven to be a reliable money maker for investors, with steady occupancy and solid rental history. Conveniently located near shopping, schools, and major highways, this duplex offers both immediate cash flow and long-term upside potential.

18. 2026-03-30
    listed $295,000 Active 1095-char remark

    Show marketing remark (1095 chars)

    Well-maintained side-by-side duplex located in desirable Northwest Akron! This spacious multi-family property offers approximately 3,540 sq ft of living space on a generous 0.24-acre lot, making it an excellent opportunity for both investors and owner-occupants. Each unit features 4 bedrooms and 1.5 baths, along with a large living room, formal dining room, and dedicated laundry area, providing comfortable and functional layouts ideal for long-term tenants. Property highlights include: Strong income-producing property with rents ranging from 1,300–1,400 per unit Consistently fully occupied with strong rental demand Newer roof (less than 10 years old) Newer furnaces in both units Central air conditioning in both units Side-by-side layout offering privacy and excellent tenant appeal Shared garage and ample parking This property has proven to be a reliable money maker for investors, with steady occupancy and solid rental history. Conveniently located near shopping, schools, and major highways, this duplex offers both immediate cash flow and long-term upside potential.

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

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: $54,576
• − Mortgage interest: −$16,749
• − Property taxes: −$4,485
• − Insurance: −$1,495
• − Repairs & maintenance: −$4,366
• − Management: −$4,366
• − Depreciation: −$8,698
• Taxable income: $14,417
• Est. tax owed @ 24.0%: −$3,460
• After-tax cash flow: $14,859/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.

Condition & rehab AI · 13 photos

Good 75/100 Cosmetic rehab

A well-maintained side-by-side duplex with good condition and potential for cosmetic upgrades to increase its value.

Repairs flagged

• Minor kitchen backsplash — The yellow-tiled backsplash is dated and could be replaced for a more modern look.
• Minor kitchen appliances — The appliances appear to be older and could be replaced for a more modern and energy-efficient look.

Value-add opportunities

• Both Paint interior walls — Fresh paint can improve the overall appearance and value of the property.
• Both Replace kitchen backsplash — A new backsplash can modernize the kitchen and add value.
• Both Replace kitchen appliances — Modern appliances can improve the functionality and appeal of the kitchen.

Renovation cost estimate screening

Repair item	Severity	Est. cost
kitchen backsplash · The yellow-tiled backsplash is dated and could be replaced for a more modern look.	Minor	$500–3,000
kitchen appliances · The appliances appear to be older and could be replaced for a more modern and energy-efficient look.	Minor	$500–3,000
Total estimated repair cost · 2 items		$1,000–6,000

Value-add ROI direction

• Both Paint interior walls — Fresh paint can improve the overall appearance and value of the property. ↑
• Both Replace kitchen backsplash — A new backsplash can modernize the kitchen and add value. ↑
• Both Replace kitchen appliances — Modern appliances can improve the functionality and appeal of the kitchen. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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

+11.5% since first listed

2 events — show timeline

• 2026-04-22 Price Changed $329,000 MLSNOW
• 2026-03-30 Listed $295,000 MLSNOW