Historic Duplex with Basement
For Sale
$235,000
328-330 E Washington Street, Lisbon, OH 44432
ResidentialIncome, Lisbon, OH
Property Size3,104 SF
Lot Size0.79 Acres
Price / SF$75.71
Days on Market204
Property Features for 328-330 E Washington Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
8
Bathrooms
2
Full bathrooms
2
Rooms
Laundry Room, Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 5, Bedroom 6, Bedroom 7, Bedroom 4, Bedroom 8, Bedroom 2, Basement, Bathroom 1
Parking features
Off Street, Driveway
Window features
Wood Frames
Interior features
EntranceFoyer, HighCeilings, Pantry
Appliances
Range, Refrigerator
Lot features
City Lot
Elementary school district
Lisbon EVSD - 1507
Middle school district
Lisbon EVSD - 1507
High school district
Lisbon EVSD - 1507
Directions
E Washinton Street in the Village of Lisbon
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
Legal Description
3 14 13 S M SE 1/4 .25A
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: Sep 14
Last Checked: Sep 18 at 8:06PM
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.
Built in 1867, this 3,104-square-foot duplex contains two mirrored residences, each with four bedrooms, a private basement, and laundry hookups. Original-style elements include high ceilings, wood siding, and a slate roof, while each unit also includes a pantry, range, and refrigerator. Forced-air natural gas heating serves the property, with public water and public sewer in place.
The parcel encompasses 0.7908 acres at 328-330 E Washington Street in Lisbon, Ohio. Each side has two parking spaces along the rear driveway, and an additional lot is included beside the home. Both units are currently rented. A deed covenant requires review of structural changes intended to preserve the property’s historic character, and showings require 24-hour notice.
The parcel encompasses 0.7908 acres at 328-330 E Washington Street in Lisbon, Ohio. Each side has two parking spaces along the rear driveway, and an additional lot is included beside the home. Both units are currently rented. A deed covenant requires review of structural changes intended to preserve the property’s historic character, and showings require 24-hour notice.
Key Highlights
- Two‑unit duplex with 4 bedrooms in each side
- 3,104 square feet on a 0.7908‑acre parcel
- Each unit has a basement with laundry hookups
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
$21,110
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
8.98%
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%
$422,200
$422.2K
Cap Rate 7%
$301,571
$301.6K
Cap Rate 9%
$234,556
$234.6K
Market Conditions
NOI Build-Up for 3,104 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
$31.7K $10.20/SF
− Vacancy
−$1.5K −$0.48/SF
EGI
$30.2K $9.72/SF
− OpEx
−$9.0K −$2.91/SF
NOI
$21.1K $6.80/SF
Area
Columbiana County, OH
Vacancy
4.75%
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%
$422,200
Cap Rate 7%
$301,571
Cap Rate 9%
$234,556
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
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Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
312
Businesses Nearby
Explore this area
Business Placement
Demographics for 44432, OH
12,276
Population
4,768
Households
2.6
Avg Household Size
45
Median Age
13%
College-Educated
85%
High-School Grad
105.8 sq mi
ZIP Area
116
Density / Sq Mi
$63,173
Median Household Income
$33,750
Median Earnings
$744
Median Rent
$141,900
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 mirrored units offer four bedrooms apiece, separate basements, and off-street parking in Lisbon.
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: Two‑unit duplex with 4 bedrooms in each side; 3,104 square feet on a 0.7908‑acre parcel; Each unit has a basement with laundry hookups
