Property Description

Well-maintained duplex in Akron offering a great opportunity for both investors and owner-occupants. Each unit features 2 bedrooms and 1 full bath with functional layouts and comfortable living spaces, along with in-unit washer and dryer hookups for added convenience. Recent major updates include a brand new roof and high-efficiency furnace installed in 2025, providing peace of mind for years to come. The property also features a full walk-out basement, offering additional storage and utility space. Situated on a large double lot, this property provides extra outdoor space and potential for future use or expansion. Separate entrances for each unit allow for privacy and flexibility. Conveniently located with easy access to local amenities, this duplex is a strong addition to any portfolio or a great option to live in one unit and offset your mortgage with the other.

296 Cole Avenue | MLS# 5197738

This multi-family property located at 296 Cole Avenue, Akron, OH 44301 is currently listed for sale with an asking price of $149,000. Cole Avenue is located within the Akron City school district. Search Akron real estate on 1009fairoaksavenuesw.cutlerhomes.com today.

Property Features

Property Type: Multi Unit - Multiple

Basement: Yes

Basement: Full, Walk-Out Access

Cooling: None

Days on Market: 47

Heating: Forced Air, Gas

Lot Size: 0.24 Acres

Roof Type: Asphalt, Fiberglass

Stories: 2.0

Taxes: $1,398 / year

Year Built: 1916

Feature Descriptions

Exterior: Vinyl Siding

Laundry: Common Area, In Unit

Parcel#: 6712610

Parking: Unpaved

Sewer: Public Sewer

Water: Public

Local Schools

School District: Akron City

Demographics

Summit County Demographic Information for 296 Cole Avenue, Akron, OH 44301

Fips

Fips Code 39153

Population

2020 to 2025 Change down 0.4%

2010 Count 541,781

2020 Count 540,428

2025 Estimate (V2025) 538,376

2020 Estimate (V2025) 540,429

Age Distribution (Years Old)

0 to 4 5.2%

5 to 17 20.4%

18 to 64 54.2%

65 and Older 20.2%

Gender

Male 48.7%

Female 51.3%

Place of Birth

Foreign 6.0%

US 94.0%

Education

High School Graduate, Age 25+ 92.8%

Bachelor's Degree or Higher, Age 25+ 35.8%

Computer and Internet use

Households with a computer 95.4%

Households with a broadband Internet subscription 91.6%

Language

English is Second Language, Age 5+ 7.3%

English is First Language, Age 5+ 92.7%

Veterans

Veterans 25,976

Income

Per Capita Income $43,061

Median Household Income $71,622

People in Poverty 13.3%

Commute

Average Work Commute Time 24 minutes

Housing

Total Housing Units 247,173

Households 231,267

Average Household Size 2.29

Owner-Occupied 67.5%

Multi-Family 22.4%

Owner-Occupied Median Value $208,700

Median selected monthly owner costs -with a mortgage $1,470

Median selected monthly owner costs -without a mortgage $599

Median gross rent $1,026

Building Permits

New Private Housing Issued 2024 1,082

Years at Residence

1 Year or More 88.9%

Less Than 1 Year 11.1%

Business and Employment

Private non-farm Establishments 13,309

Private non-farm Employment 249,827

Private non-farm Employment Growth down 0.8%

Nonemployer Establishments 43,820

Number of Firms 9,566

Business Production

Value of Shipments $9,410,730,000

Wholesale Trade $9,120,214,000

Retail Trade $8,582,177,000

Retail Sales Per Capita $15,606

Accommodation and Food Services $1,190,062,000

Land

Land Area 412.75 sq. miles

Population Per Square Mile 1,313

Source: US Census Bureau

Estimate Your Payment

Estimated Payment

$ 925.18 per month $765.22 Principal & Interest $116.50 Property Tax $43.46 Homeowner's Insurance

Change Payment Information

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296 Cole AvenueAkron, OH 44301