Updated Duplex with
For Sale
Under Contract
$660,000
64-66 Ridgewood Road, Wadsworth, OH 44281
ResidentialIncome, Wadsworth, OH
Property Size3,723 SF
Lot Size2.50 Acres
Price / SF$177.28
Days on Market19
Property Features for 64-66 Ridgewood Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Half bathrooms
2
Rooms
Bathroom 2, Bathroom 3, Bedroom 3, Bedroom 5, Bathroom 1, Bedroom 6, Bedroom 1, Bathroom 4, Bedroom 4, Bedroom 2, Laundry Room, Basement
Parking features
Open, Garage, Driveway
Appliances
Dishwasher, Disposal, Range, Refrigerator
Subdivision
Sharon Woods
Lot features
Meadow, Many Trees
Elementary school district
Highland LSD Medina- 5205
Middle school district
Highland LSD Medina- 5205
High school district
Highland LSD Medina- 5205
Directions
Rt 18 (Medina Rd) to South Medina Line to west on Ridgewood Rd. Duplex is on the left.
Standard status
Active Under Contract
APN
033-12B-25-026
Size
3,723 SF
Lot size
2.50 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 7 WH SHARON WOODS SUB 2.501A
Tax Annual Amount
5668
Legal Description
LOT 7 WH SHARON WOODS SUB 2.501A
Utilities
Sewer type
Septic Tank
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Well
Amenities
full basement
central air
fireplaces
spacious decks
two garages
large private lot
Building Details
Year built
1978
Floors in Building
2
Building materials
Brick, VinylSiding
Roof type
Asphalt, Fiberglass
Listing Agency:
Berkshire Hathaway HomeServices Stouffer Realty
(330) 835-4900
Listed By:
William E Snow · License #2013001675
(330) 990-0256
Added: Aug 18
Changed: Sep 2
Last Checked: Sep 5 at 6:06PM
MLS# 5237353
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 duplex contains 3,723 square feet across two residential units on a 2.5-acre parcel. Both sides feature updated kitchens, substantial living areas, spacious decks, fireplaces, central air, full basements, and large two-car garages. Appliances include ranges, refrigerators, dishwashers, and disposals. The 1978 property has brick and vinyl siding, forced-air natural gas heat, fiberglass and asphalt roofing, and separate laundry areas.
Located on Ridgewood Road in Wadsworth, the property is within the Highland Local School District and offers access to surrounding communities, shopping, restaurants, and major roadways. Water service is provided by a well, with septic system sewer service.
The layout supports two-unit residential occupancy, with outdoor space, garage parking, and independent living areas across the duplex configuration.
Located on Ridgewood Road in Wadsworth, the property is within the Highland Local School District and offers access to surrounding communities, shopping, restaurants, and major roadways. Water service is provided by a well, with septic system sewer service.
The layout supports two-unit residential occupancy, with outdoor space, garage parking, and independent living areas across the duplex configuration.
Key Highlights
- 3,723 square feet on 2.5 acres
- Two‑unit duplex with approximately 1,900 square feet per side
- Updated kitchens, spacious decks, fireplaces, and full basements in both units
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
$33,745
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
5.11%
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%
$674,900
$674.9K
Cap Rate 7%
$482,071
$482.1K
Cap Rate 9%
$374,944
$374.9K
Market Conditions
NOI Build-Up for 3,723 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
$51.4K $13.80/SF
− Vacancy
−$3.2K −$0.85/SF
EGI
$48.2K $12.95/SF
− OpEx
−$14.5K −$3.88/SF
NOI
$33.7K $9.06/SF
Area
Medina County, OH
Vacancy
6.17%
Lease Rate
$13.80 /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%
$674,900
Cap Rate 7%
$482,071
Cap Rate 9%
$374,944
Alternative Uses
Best Use
Multifamily LT 5
$482.1K
$421.8K – $562.4K
NOI $33,745 @ 7.0% cap · market cap 5.11%
Second Best
Apartment 5plus
$420.1K
$367.6K – $490.1K
NOI $29,408 @ 7.0% cap · market cap 4.46%
Theoretical Best
Specialty Retail
$1.04M
$908.7K – $1.21M
NOI $72,692 @ 7.0% cap · market cap 11.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
22
Businesses Nearby
Explore this area
Business Placement
Demographics for 44281, OH
33,241
Population
14,298
Households
2.3
Avg Household Size
41
Median Age
42%
College-Educated
96%
High-School Grad
47.8 sq mi
ZIP Area
695
Density / Sq Mi
$88,128
Median Household Income
$46,653
Median Earnings
$1,031
Median Rent
$262,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units include updated kitchens, decks, central air, and private garage parking.
Where is this duplex located?
The property is located at 64-66 Ridgewood Road Wadsworth, OH.
What is the asking price?
The asking price for this property is $660,000.
What are key features of this property?
This property features: 3,723 square feet on 2.5 acres; Two‑unit duplex with approximately 1,900 square feet per side; Updated kitchens, spacious decks, fireplaces, and full basements in both units
