Brick Duplex with Attached
New
For Sale
$269,900
6264 Paris Avenue, Louisville, OH 44641
ResidentialIncome, Louisville, OH
Property Size1,728 SF
Lot Size1.47 Acres
Price / SF$156.19
Days on Market3
Property Features for 6264 Paris Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
2
Half bathrooms
2
Rooms
Bedroom 2, Bathroom 1, Laundry Room, Bedroom 4, Bedroom 1, Bathroom 3, Bathroom 4, Bedroom 3, Bathroom 2, Basement
Parking features
Garage, Open
Interior features
CeilingFans
Appliances
Range, Refrigerator, WaterSoftener
Elementary school district
Louisville CSD - 7607
Middle school district
Louisville CSD - 7607
High school district
Louisville CSD - 7607
Directions
Located just south of Biery Cheese, and just north of Meese Rd.
Standard status
Active
APN
03306349
Size
1,728 SF
Lot size
1.47 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
13 SW 1.47A
Tax Annual Amount
2311
Legal Description
13 SW 1.47A
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating), Forced Air
Cooling system
Central Air
Water source
Well
Amenities
shared deck
Building Details
Year built
1969
Floors in Building
1
Building materials
Brick
Roof type
Fiberglass
Listing Agency:
Tarter Realty
Listed By:
Shirley Ryan · License #2008001912
(330) 221-3585
Added: Sep 17
Last Checked: Sep 19 at 12:06AM
MLS# 5245440
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 1,728-square-foot brick duplex, built in 1969, contains two complete units with two bedrooms and 1.5 baths per side. Each unit includes an attached one-car garage, a kitchen with appliances, and a comfortable floor plan. One side also has a washer and dryer. A shared deck extends into the backyard, while central air, forced-air electric heating, ceiling fans, and a fiberglass roof contribute to the property’s existing features. The roof was replaced in 2010.
Set on 1.47 acres at 6264 Paris Avenue in Louisville, Ohio, the property uses a private well and septic system. Parking includes attached garage space and open parking. The parcel’s country setting and shared outdoor area provide additional space around the two-unit residential property.
Set on 1.47 acres at 6264 Paris Avenue in Louisville, Ohio, the property uses a private well and septic system. Parking includes attached garage space and open parking. The parcel’s country setting and shared outdoor area provide additional space around the two-unit residential property.
Key Highlights
- Two‑unit duplex with 1,728 square feet of living area
- Each side includes 2 bedrooms, 1.5 baths, and an attached 1‑car garage
- Situated on a 1.47‑acre lot in Louisville, OH 44641
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
$14,454
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
5.36%
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%
$289,080
$289.1K
Cap Rate 7%
$206,486
$206.5K
Cap Rate 9%
$160,600
$160.6K
Market Conditions
NOI Build-Up for 1,728 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
$21.4K $12.36/SF
− Vacancy
−$709 −$0.41/SF
EGI
$20.6K $11.95/SF
− OpEx
−$6.2K −$3.58/SF
NOI
$14.5K $8.36/SF
Area
Stark County, OH
Vacancy
3.32%
Lease Rate
$12.36 /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%
$289,080
Cap Rate 7%
$206,486
Cap Rate 9%
$160,600
Alternative Uses
Best Use
Multifamily LT 5
$206.5K
$180.7K – $240.9K
NOI $14,454 @ 7.0% cap · market cap 5.36%
Second Best
Apartment 5plus
$180.8K
$158.2K – $210.9K
NOI $12,656 @ 7.0% cap · market cap 4.69%
Theoretical Best
Retail
$451.2K
$394.8K – $526.4K
NOI $31,581 @ 7.0% cap · market cap 11.70%
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
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Explore this area
Business Placement
Demographics for 44641, OH
20,399
Population
8,412
Households
2.4
Avg Household Size
44
Median Age
25%
College-Educated
96%
High-School Grad
54.9 sq mi
ZIP Area
372
Density / Sq Mi
$78,128
Median Household Income
$42,035
Median Earnings
$834
Median Rent
$199,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units share a large deck and spacious backyard in a country setting.
Where is this duplex located?
The property is located at 6264 Paris Avenue Louisville, OH.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,728 square feet of living area; Each side includes 2 bedrooms, 1.5 baths, and an attached 1‑car garage; Situated on a 1.47‑acre lot in Louisville, OH 44641
