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    1223 Faircliff Street, Louisville, OH 44641

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    Claim this Listing
    For Sale
    Under Contract
    $240,000

    MULTI_FAMILY - Louisville, OH

    Property size:
    1,536 SF
    Lot size:
    1.15 Acres
    Price / SF:
    $156/SF
    Added:
    May 13, 2026
    Days on Market:
    31
    Last Refresh:
    Jun 12 at 6:06 am

    Property Features for 1223 Faircliff Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bathroom 2, Bedroom 1, Bedroom 4, Basement, Bedroom 3, Bathroom 1, Bedroom 2, Laundry Room
    Parking features
    Open, Driveway
    Appliances
    Range, Refrigerator, WaterSoftener
    Standard status
    Active Under Contract
    APN
    03603245
    Size
    1,536 SF
    Lot size
    1.15 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    2547 WH
    Tax Annual Amount
    2781

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Cooling system
    Central Air
    Water source
    Public, Well

    Building Details

    Year built
    1966
    Floors in Building
    1
    Building materials
    VinylSiding
    Roof type
    Asphalt

    We can help!

    Listing Contact
    Lisa A Lingenhoel
    Lisa A Lingenhoel

    Listing agent Lisa A Lingenhoel License #2003001688

    Listing office Keller Williams Chervenic Rlty 3589 Darrow Rd, Stow, OH

    Listing date May 13, 2026

    MLS# 5209333 Listing URL

    Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $19.0k $12.36
    − Vacancy −$630 −$0.41
    EGI $18.4k $11.95
    − OpEx −$5.5k −$3.58
    NOI $12.8k $8.36
    1,536 SF · lease $12.36/SF/yr · vacancy 3.32% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $183.5K
    $160.6K – $214.1K (±1% cap)
    NOI $12,848 @ 7.0% cap · market cap 5.35%
    Second Best
    Apartment 5plus
    $160.7K
    $140.6K – $187.5K (±1% cap)
    NOI $11,250 @ 7.0% cap · market cap 4.69%
    Theoretical Best
    Retail
    $401.0K
    $350.9K – $467.9K (±1% cap)
    NOI $28,072 @ 7.0% cap · market cap 11.70%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Louisville
    County
    Stark
    State
    Ohio
    Longitude
    -81.26345
    Latitude
    40.84685

    FAQs

    Where is this duplex located?
    The property is located at 1223 Faircliff Street Louisville, OH.
    What is the asking price?
    The asking price for this property is $240,000.
    More about this property
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