All-Brick
For Sale
Under Contract
$349,900
321 Meadowbrook Avenue, Youngstown, OH 44512
ResidentialIncome, Youngstown, OH
Property Size2,716 SF
Lot Size0.59 Acres
Price / SF$128.83
Days on Market198
Property Features for 321 Meadowbrook Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Bedroom 2, Bedroom 4, Bathroom 1, Basement, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 3
Parking features
Garage
Subdivision
Maimfeldt 01
Elementary school district
Boardman LSD - 5002
Middle school district
Boardman LSD - 5002
High school district
Boardman LSD - 5002
Directions
St. Rt. 224 - Right on Meadowbrook - Cross over Southern Blvd - duplex is on the right hand side
Standard status
Active Under Contract
APN
29-008-0-018.00-0
Size
2,716 SF
Lot size
0.59 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 2 87.63 X 295.13 MALMFELDT PL 1
Tax Annual Amount
3177
Legal Description
LOT 2 87.63 X 295.13 MALMFELDT PL 1
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
in-unit laundry
central air
private deck
fireplace
front porch
Building Details
Year built
1969
Floors in Building
1
Building materials
Brick
Roof type
Asphalt
Listing Agency:
Keller Williams Chervenic Rlty · Keller Williams Realty
(330) 967-4300
Listed By:
Holly Ritchie · License #2001021919
(330) 360-5323
Added: Feb 13
Changed: Aug 20
Last Checked: Aug 30 at 4:06PM
MLS# 5186975
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 2,716-square-foot duplex offers two distinct residential units within a solid brick building constructed in 1969. The two-bedroom unit was remodeled in 2022 with updated kitchen and bath finishes, while the three-bedroom unit includes a living room, family room with fireplace, eat-in kitchen, private rear deck, and refreshed bath. Each side has its own basement, laundry setup, and attached garage. The property also features central air, gas forced-air heat, an asphalt roof, a 2020 front porch, public water, and public sewer.
Set on 0.589 acres in Youngstown, the building sits back from the road and includes a deep, tree-lined backyard. Both units are occupied, with one tenancy extending beyond five years and the other operating month-to-month. Tenants pay their own electric and gas, while the owner covers water. The property is located within the Boardman School District and offers access to nearby shopping, dining, and highways.
Set on 0.589 acres in Youngstown, the building sits back from the road and includes a deep, tree-lined backyard. Both units are occupied, with one tenancy extending beyond five years and the other operating month-to-month. Tenants pay their own electric and gas, while the owner covers water. The property is located within the Boardman School District and offers access to nearby shopping, dining, and highways.
Key Highlights
- Two‑unit duplex with 2,716 square feet on 0.589 acres
- All‑brick construction with asphalt roof and 2020 front porch
- Unit A: 2 Bed with 1‑car attached garage and full basement
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
$18,291
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
5.23%
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%
$365,820
$365.8K
Cap Rate 7%
$261,300
$261.3K
Cap Rate 9%
$203,233
$203.2K
Market Conditions
NOI Build-Up for 2,716 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
$27.7K $10.20/SF
− Vacancy
−$1.6K −$0.58/SF
EGI
$26.1K $9.62/SF
− OpEx
−$7.8K −$2.89/SF
NOI
$18.3K $6.73/SF
Area
Mahoning County, OH
Vacancy
5.68%
Lease Rate
$10.20 /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%
$365,820
Cap Rate 7%
$261,300
Cap Rate 9%
$203,233
Alternative Uses
Best Use
Multifamily LT 5
$261.3K
$228.6K – $304.9K
NOI $18,291 @ 7.0% cap · market cap 5.23%
Second Best
Apartment 5plus
$240.8K
$210.7K – $280.9K
NOI $16,854 @ 7.0% cap · market cap 4.82%
Theoretical Best
Office A
$512.5K
$448.5K – $598.0K
NOI $35,877 @ 7.0% cap · market cap 10.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
226
Businesses Nearby
Explore this area
Business Placement
Demographics for 44512, OH
33,282
Population
15,770
Households
2.1
Avg Household Size
44
Median Age
35%
College-Educated
94%
High-School Grad
17.0 sq mi
ZIP Area
1,958
Density / Sq Mi
$62,311
Median Household Income
$38,828
Median Earnings
$788
Median Rent
$158,800
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 - Fully occupied two-unit property with separate garages, basements, laundry facilities, central air, and gas forced-air heat.
Where is this duplex located?
The property is located at 321 Meadowbrook Avenue Youngstown, OH.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Two‑unit duplex with 2,716 square feet on 0.589 acres; All‑brick construction with asphalt roof and 2020 front porch; Unit A: 2 Bed with 1‑car attached garage and full basement
