Brick Duplex with
For Sale
$292,000
1864 13th Street, Cuyahoga Falls, OH 44223
ResidentialIncome, Cuyahoga Falls, OH
Property Size1,890 SF
Lot Size0.17 Acres
Price / SF$154.50
Days on Market24
Property Features for 1864 13th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 1, Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 2, Basement
Parking features
Carport, Driveway, Open, Garage
Subdivision
Duncan Heights
Elementary school district
Cuyahoga Falls CSD - 7705
Middle school district
Cuyahoga Falls CSD - 7705
High school district
Cuyahoga Falls CSD - 7705
Directions
Broad Blvd. to south on 13th St.
Standard status
Active
APN
0208869
Size
1,890 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
DUNCAN HTS RE LOT 143 ALL
Tax Annual Amount
3919
Legal Description
DUNCAN HTS RE LOT 143 ALL
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Amenities
Garage Door Openers
Building Details
Year built
1944
Floors in Building
2
Building materials
Brick
Roof type
Metal
Listing Agency:
Keller Williams Chervenic Rlty · Keller Williams Realty
(330) 686-1644
Listed By:
Joseph P Procaccio · License #336334
(330) 697-8491
Added: Aug 22
Changed: Sep 14
Last Checked: Sep 14 at 8:06PM
MLS# 5238910
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.
This brick duplex in Cuyahoga Falls contains 1,890 square feet and was built in 1944. The property includes two bedrooms listed for each unit, two bathrooms, a basement, and a newer two-car garage equipped with electricity and door openers. Additional parking is available through the driveway, carport, and open parking areas.
The home sits on 0.1651 acres at 1864 13th Street, with public water and public sewer service. Building systems include natural gas forced-air heat and central air conditioning, while the metal roof provides a durable exterior improvement.
The home sits on 0.1651 acres at 1864 13th Street, with public water and public sewer service. Building systems include natural gas forced-air heat and central air conditioning, while the metal roof provides a durable exterior improvement.
Key Highlights
- Two‑family duplex with 1,890 square feet
- Newer 2‑car garage with electric service and door openers
- Brick construction with a metal roof
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
$17,308
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
5.93%
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%
$346,160
$346.2K
Cap Rate 7%
$247,257
$247.3K
Cap Rate 9%
$192,311
$192.3K
Market Conditions
NOI Build-Up for 1,890 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
$26.1K $13.80/SF
− Vacancy
−$1.4K −$0.72/SF
EGI
$24.7K $13.08/SF
− OpEx
−$7.4K −$3.92/SF
NOI
$17.3K $9.16/SF
Area
Summit County, OH
Vacancy
5.20%
Lease Rate
$13.80 /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%
$346,160
Cap Rate 7%
$247,257
Cap Rate 9%
$192,311
Alternative Uses
Best Use
Multifamily LT 5
$247.3K
$216.4K – $288.5K
NOI $17,308 @ 7.0% cap · market cap 5.93%
Second Best
Apartment 5plus
$216.5K
$189.4K – $252.5K
NOI $15,152 @ 7.0% cap · market cap 5.19%
Theoretical Best
Office A
$463.8K
$405.9K – $541.1K
NOI $32,468 @ 7.0% cap · market cap 11.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
594
Businesses Nearby
Explore this area
Business Placement
Demographics for 44223, OH
18,388
Population
8,846
Households
2.1
Avg Household Size
45
Median Age
47%
College-Educated
97%
High-School Grad
14.8 sq mi
ZIP Area
1,242
Density / Sq Mi
$89,046
Median Household Income
$51,385
Median Earnings
$1,056
Median Rent
$202,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family property with a newer garage, metal roofing, and central air conditioning.
Where is this duplex located?
The property is located at 1864 13th Street Cuyahoga Falls, OH.
What is the asking price?
The asking price for this property is $292,000.
What are key features of this property?
This property features: Two‑family duplex with 1,890 square feet; Newer 2‑car garage with electric service and door openers; Brick construction with a metal roof
