Historical Duplex Investment
328-330 E Washington Street Lisbon, OH 44432
For Sale
$235,000
MULTI_FAMILY - Lisbon, OH
Property Size3,104 SF
Lot Size0.79 Acres
Price / SF$75.71
Days on Market151
Property Features for 328-330 E Washington Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
8
Bathrooms
2
Rooms
Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 3, Bedroom 5, Bedroom 6, Bedroom 7, Bathroom 2, Basement, Bedroom 8, Bedroom 2, Laundry Room
Parking features
Off Street, Driveway
Window features
Wood Frames
Interior features
EntranceFoyer, HighCeilings, Pantry
Appliances
Range, Refrigerator
Standard status
Active
APN
0900014000
Size
3,104 SF
Lot size
0.79 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
3 14 13 S M SE 1/4 .25A
Tax Annual Amount
1048
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1867
Floors in Building
2
Building materials
WoodSiding
Roof type
Slate
Listing Agency:
Cedar One Realty
(330) 932-0895
Listed By:
Dana L Channels · License #2007004904
(330) 540-5476
Added: Feb 26
Changed: Jul 20
Last Checked: Jul 27 at 10:06AM
MLS# 5188895
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 charming historical investment property, located in Lisbon, OH, is a duplex featuring 4 bedrooms on each side. The property is filled with classic old wood character and timeless appeal, combining vintage craftsmanship with a warm, home-like feel suitable for tenants. Each side of the duplex includes its own basement with laundry hook-ups and two parking spaces in the back driveway. An extra lot is situated to one side of the home. The property offers the opportunity to live in one side and rent the other, potentially offsetting or covering the mortgage. To maintain the historic integrity of the home, a covenant is being attached to the deed to require review of any changes to the structure. The property size is 3104 square feet, situated on a lot of 0.7908 acres. Both sides are currently rented.
Key Highlights
- Duplex investment property built in 1867 with 4 bedrooms on each side (8 total bedrooms listed)
- Each side includes its own basement with laundry hookups
- Slate roof and wood siding construction
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 | $31.7k | $10.20 |
| − Vacancy | −$1.5k | −$0.48 |
| EGI | $30.2k | $9.72 |
| − OpEx | −$9.0k | −$2.91 |
| NOI | $21.1k | $6.80 |
3,104 SF · lease $10.20/SF/yr · vacancy 4.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$301.6K
$263.9K – $351.8K
NOI $21,110 @ 7.0% cap · market cap 8.98%
Second Best
Apartment 5plus
$278.0K
$243.3K – $324.4K
NOI $19,462 @ 7.0% cap · market cap 8.28%
Theoretical Best
Warehouse
$2.62M
$2.29M – $3.06M
NOI $183,538 @ 7.0% cap · market cap 78.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Charming duplex with vintage appeal, perfect for investors or homeowners.
Where is this duplex located?
The property is located at 328-330 E Washington Street Lisbon, OH.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Duplex investment property built in 1867 with 4 bedrooms on each side (8 total bedrooms listed); Each side includes its own basement with laundry hookups; Slate roof and wood siding construction
