Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    506 Woodlawn Rd Steubenville, OH 43952

    Sponsored
    For Sale
    $199,900

    MULTI_FAMILY - Steubenville, OH

    Property size:
    1,990 SF
    Lot size:
    0.19 Acres
    Days on Market:
    5
    Last Refresh:
    Feb 28 at 1:06 am

    Property Features for 506 Woodlawn Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 3, Bedroom 4, Bathroom 2, Bedroom 5, Bedroom 2, Bedroom 1, Bathroom 1, Basement
    Bedrooms
    5
    Bathrooms
    2
    APN
    07-04591-000
    Parking features
    On Street, Driveway, Paved or Surfaced
    Size
    1,990 SF
    Lot size
    0.19 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1920
    Floors in Building
    3
    Building materials
    VinylSiding
    Roof type
    Fiberglass, Asphalt

    We can help!

    Listing Contact
    Shannon Irvin
    Shannon Irvin

    Cedar One Realty (740) 632-9111

    Listing agent Shannon Irvin (740) 632-8091 License #2018000782

    Listing date Feb 24, 2026

    MLS# 5188369 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Updated Duplex Near University

    This updated duplex presents a strong investment opportunity, located within walking distance of the university. The property features two units: one with 2 bedrooms and 1 bathroom, and another with 3 bedrooms and 1 bathroom. It is suitable for student housing or long-term tenants. The interior has been completely remodeled with modern finishes. Capital improvements include a new roof, a new electrical panel, two new furnaces, and two new central air units. Exterior upgrades feature new vinyl siding and replacement windows. The property, situated on a 0.19-acre lot, offers a total of 1990 square feet of living space. The property is positioned for steady rental demand and offers potential income of $2,000+ per month.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Steubenville
    County
    Jefferson
    State
    Ohio
    Longitude
    -80.629187
    Latitude
    40.370967

    Nearby Similar for Sale

    • $325,000
      46,000 SF

      Steubenville Commercial Property For Sale

      46,000 SF commercial property ideal for distribution or manufacturing.
      312 N 7Th St, Steubenville, OH 43952
      View Details
    • $145,500
      1,665 SF

      Remodeled Duplex Near Franciscan University

      Updated duplex with income potential, near university and amenities.
      1516 Pennsylvania Ave, Steubenville, OH 43952
      View Details
    • New
      $194,900
      0.11 Acres

      Steubenville Multifamily Investment Opportunity

      Three-unit property with strong income potential in Steubenville, OH.
      1317 Plum St, Steubenville, OH 43952
      View Details
    • $90,000
      0.07 Acres

      Steubenville Duplex For Sale

      Duplex in Steubenville, priced for quick sale.
      1242 Ridge Ave, Steubenville, OH 43952
      View Details
    • $239,900
      0.08 Acres

      Mixed-Use Building in Prime Location

      Mixed-use building with apartments and storefronts, value-add potential.
      205 S 4Th St, Steubenville, OH 43952
      View Details
    • $106,000
      0.07 Acres

      Remodeled Duplex on Corner Lot

      Remodeled Steubenville duplex, ideal for investors or owner-occupiers.
      600 Garrett Ave, Steubenville, OH 43952
      View Details
    • Contact for pricing
      9,428 SF

      Steubenville Medical Property for Sale

      NNN investment opportunity in a strategically located medical hub.
      2323 Sunset Blvd, Steubenville, OH 43952
      View Details
    • $3,882,000
      57,000 SF

      Steubenville Industrial Facility For Sale

      Single-tenant industrial facility in Steubenville, OH, with long-term lease.
      14 Technology Way, Steubenville, OH 43952
      View Details
    • Contact for pricing
      61,623 SF

      Retail Property in Steubenville, OH

      Retail property available for sale in Steubenville, Ohio.
      864 Main St, Steubenville, OH 43953
      View Details
    • $450,000
      1,643 SF

      Medical Office Building for Sale

      1,643 SF Medical Office in Steubenville, OH
      4000 Johnson Rd, Steubenville, OH 43952
      View Details
    • $875,000
      1.50 Acres

      Sunset Blvd Storefront Opportunity

      High-traffic retail space, excellent development potential.
      4150 Sunset Blvd, Steubenville, OH 43952
      View Details
    • $685,000
      17,500 SF

      Steubenville Restaurant & Bar Opportunity

      Prime Downtown Location, 15,000 SF
      501 Washington St, Steubenville, OH 43952
      View Details

    FAQs

    What type of property is this?
    Duplex - Turnkey duplex with strong rental potential near university.
    Where is this duplex located?
    The property is located at 506 Woodlawn Rd Steubenville, OH.
    What is the asking price?
    The asking price for this property is $199,900.
    What are key features of this property?
    This property features: - Strong investment opportunity with $2,000+ monthly income potential.; - Fully updated duplex with modern finishes and move-in ready appeal.; - Major capital improvements completed: new roof, electrical panel, furnaces, and central air units.
    (740) 264-7131
    Request Owner's contact information
    506 Woodlawn Rd Steubenville, OH 43952
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    506 Woodlawn Rd
    Steubenville, OH 43952
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    506 Woodlawn Rd Steubenville, OH 43952
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Shannon Irvin
    Shannon Irvin
    Real Estate License ID: 2018000782
    (740) 264-7131 (740) 632-8091
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!