Duplex Townhome with Central
For Sale
$250,000
Pending
1541 Whitehall Boulevard, Kent, OH 44240
MULTI_FAMILY - Kent, OH
Property Size1,488 SF
Lot Size0.04 Acres
Days on Market47
Property Features for 1541 Whitehall Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
3
Full bathrooms
4
Half bathrooms
1
Rooms
Bathroom 3, Bedroom 5, Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 3, Bathroom 4, Bedroom 4, Bedroom 1
Parking features
Offsite
Subdivision
Whitehall East Twnhms
Elementary school district
Kent CSD - 6705
Middle school district
Kent CSD - 6705
High school district
Kent CSD - 6705
Directions
From SR 43 (North Mantua Street), head north into Kent. Turn right onto Whitehall Boulevard. Property is located in the Whitehall East Townhomes community, just minutes from downtown Kent and within walking distance of Kent State University
Standard status
Pending
APN
17-004-20-00-020-000
Size
1,488 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
WHITEHALL EAST TOWNHOMES LOT 15
Tax Annual Amount
2789
Legal Description
WHITEHALL EAST TOWNHOMES LOT 15
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Central Air
Water source
Public
Building Details
Year built
1991
Floors in Building
2
Building materials
AluminumSiding
Roof type
Asphalt, Fiberglass
Listing Agency:
Platinum Real Estate
(888) 974-7253
Listed By:
Erin Paglio · License #2018000419
(440) 796-5418
Added: Jun 27
Changed: Aug 3
Last Checked: Aug 12 at 2:06PM
MLS# 5222687
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.
Investment Insights
Based on property information with market context.
Duplex townhome built in 1991 offering 5 bedrooms and 2.5 bathrooms, with a total size of 1,488 square feet on a 0.039-acre lot. Exterior materials include aluminum siding. Heating is baseboard, and cooling is provided by central air. The roof is described as asphalt and fiberglass. Public water and public sewer support the property. Parking is offsite.
The home is positioned for student housing demand, described as steps from Kent State University and across from campus, providing easy access to classes and on-campus activities without relying on a vehicle.
The rooms layout includes five bedrooms and multiple bathrooms (Bathroom 1 through Bathroom 4 listed, with Bedroom 1 through Bedroom 5).
The home is positioned for student housing demand, described as steps from Kent State University and across from campus, providing easy access to classes and on-campus activities without relying on a vehicle.
The rooms layout includes five bedrooms and multiple bathrooms (Bathroom 1 through Bathroom 4 listed, with Bedroom 1 through Bedroom 5).
Key Highlights
- Across from Kent State University, described as steps from campus
- 5 bedrooms and 2.5 bathrooms in a duplex townhome
- 1,488 SF on a 0.039‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,953
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.18%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$259,060
$259.1K
Cap Rate 7%
$185,043
$185.0K
Cap Rate 9%
$143,922
$143.9K
Market Conditions
NOI Build-Up for 1,488 SF
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.
Gross rent
$19.6K $13.20/SF
− Vacancy
−$1.1K −$0.76/SF
EGI
$18.5K $12.44/SF
− OpEx
−$5.6K −$3.73/SF
NOI
$13.0K $8.71/SF
Area
Portage County, OH
Vacancy
5.79%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$259,060
Cap Rate 7%
$185,043
Cap Rate 9%
$143,922
Alternative Uses
Best Use
Multifamily LT 5
$185.0K
$161.9K – $215.9K
NOI $12,953 @ 7.0% cap · market cap 5.18%
Second Best
Apartment 5plus
$171.3K
$149.9K – $199.8K
NOI $11,988 @ 7.0% cap · market cap 4.80%
Theoretical Best
Office A
$299.7K
$262.3K – $349.7K
NOI $20,981 @ 7.0% cap · market cap 8.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
119
Businesses Nearby
Explore this area
Business Placement
Demographics for 44240, OH
38,354
Population
20,228
Households
1.9
Avg Household Size
32
Median Age
44%
College-Educated
96%
High-School Grad
39.7 sq mi
ZIP Area
966
Density / Sq Mi
$57,415
Median Household Income
$31,613
Median Earnings
$989
Median Rent
$216,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex townhome with central air, baseboard heat, aluminum siding, and public water and sewer service.
Where is this duplex located?
The property is located at 1541 Whitehall Boulevard Kent, OH.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Across from Kent State University, described as steps from campus; 5 bedrooms and 2.5 bathrooms in a duplex townhome; 1,488 SF on a 0.039‑acre lot
