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    795-796 5Th St Youngstown, OH 44471

    View on Map
    Sponsored
    For Sale
    Under Contract
    $695,000

    MULTI_FAMILY - Youngstown, OH

    Property size:
    9,204 SF
    Lot size:
    0.14 Acres
    Days on Market:
    40
    Last Refresh:
    Mar 12 at 4:06 pm

    Property Features for 795-796 5Th St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active Under Contract
    Rooms
    Bathroom 17, Bathroom 8, Bedroom 10, Bedroom 27, Bedroom 7, Bedroom 12, Bedroom 23, Bathroom 16, Bedroom 25, Bathroom 18, Bathroom 10, Bathroom 11, Bedroom 8, Bedroom 28, Basement, Bathroom 1, Bedroom 24, Bathroom 15, Bedroom 21, Bathroom 6, Bedroom 18, Bedroom 29, Bathroom 7, Bathroom 13, Bedroom 16, Bathroom 2, Bedroom 15, Bedroom 22, Bedroom 2, Bedroom 14, Bedroom 17, Bathroom 14, Bathroom 3, Bedroom 19, Bathroom 9, Bedroom 26, Bedroom 20, Bathroom 12, Bedroom 13, Bathroom 4, Bathroom 5, Bedroom 5, Bedroom 4, Bedroom 6, Bedroom 9, Bedroom 3, Bedroom 11, Bedroom 1, Laundry Room
    Bedrooms
    29
    Bathrooms
    18
    APN
    38-014-0-273.00-0
    Parking features
    Driveway
    Interior features
    HighCeilings, KitchenIsland, PrimaryDownstairs, OpenFloorplan, Storage
    Exterior features
    Courtyard
    Fireplace
    1
    Appliances
    Microwave, Range, Refrigerator
    Size
    9,204 SF
    Lot size
    0.14 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Fireplace(s), Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1953
    Floors in Building
    3
    Building materials
    Brick
    Roof type
    Slate
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Stacey M Grant

    Chervenic Realty Inc (330) 686-1644

    Listing agent Stacey M Grant (330) 646-8661 License #448393

    Listing date Jan 31, 2026

    MLS# 5144060

    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

    Former Convent/Dormitory Multi-Purpose Property

    Located in Youngstown, Ohio, this 9,204 square foot property on 0.135 acres was formerly used as a convent, dormitory, and shared living space. The property contains 29 rooms with three floor plans: double rooms with two separate rooms sharing a full bath (each room accommodates a twin-sized bed plus dressers), single rooms with a private bathroom (large enough for a queen-sized bed and furniture), and suites with private bathrooms and space for furniture, dressers, a microwave, and a refrigerator. Shared spaces include a large kitchen and dining hall on the first floor, previously used for food preparation for all residents, and an outdoor private courtyard sitting area. There are oversized family sitting/study rooms. The property also features additional storage space in the basement. The property has been vacant since the previous property manager shut down their dormitory business due to Covid. The property could serve multiple purposes, and the shared spaces are similar to those in hotels. The first floor has many rooms that could serve as ancillary business space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dormitories

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Youngstown
    County
    Mahoning
    State
    Ohio
    Longitude
    -80.603886
    Latitude
    41.049685

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    FAQs

    What type of property is this?
    Dormitory - Versatile 29-bedroom property, formerly a convent/dormitory/shared living space.
    Where is this dormitory located?
    The property is located at 795-796 5Th St Youngstown, OH.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: - High income potential: Estimated $11,500 monthly income with 80% occupancy.; - Versatile property: Formerly a convent/dormitory/shared living space, suitable for multiple purposes.; - Multiple room configurations: Offers double rooms, single rooms, and suites.
    (330) 646-8661
    Request Owner's contact information
    795-796 5Th St Youngstown, OH 44471
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    Youngstown, OH 44471
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    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
    795-796 5Th St Youngstown, OH 44471
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    We can help!
    Listing Contact
    Stacey M Grant
    Real Estate License ID: 448393
    (330) 646-8661
    Learn more
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