321 Meadowbrook Avenue Youngstown, OH 44512
MULTI_FAMILY - Youngstown, OH
Property Features for 321 Meadowbrook Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 2, Basement, Bedroom 5, Bedroom 2, Bathroom 3, Bedroom 1
- Parking features
- Garage
- Standard status
- Active
- 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
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1969
- Floors in Building
- 1
- Building materials
- Brick
- Roof type
- Asphalt
Listing agent Holly Ritchie License #2001021919 (330) 360-5323
Listing office Keller Williams Chervenic Rlty 3810 Starrs Centre Drive, Stow, OH (330) 967-4300
Listing date Feb 13, 2026
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.
The property is set well back from the road on a 0.59-acre lot for privacy and curb appeal. It is located in the Boardman School District, with school ratings listed as Glenwood Middle (8/10) and Boardman High (7/10). The remarks also note that shopping, dining, and highway access are minutes away.
As configured, the duplex fits buyers looking for turnkey rental income, including Unit A occupied by a long-term tenant for 5+ years and Unit B currently on a month-to-month basis. Tenants pay their own electric and gas, while the owner covers water, which can help simplify ongoing operating expenses. With two units and attached garages, it can also suit an owner-occupant plan where one side can help offset housing costs while maintaining separate space for each household.
Key Highlights
- All‑brick Boardman duplex built in 1969 with central air and gas forced‑air heat
- Fully rented with current income of $2,716.66/mo (~$32,600/yr) for an ~8.8% gross yield
- Two separate units, each with its own attached garage, plus a full basement and in‑home laundry
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 | $27.7k | $10.20 |
| − Vacancy | −$1.6k | −$0.58 |
| EGI | $26.1k | $9.62 |
| − OpEx | −$7.8k | −$2.89 |
| NOI | $18.3k | $6.73 |
