For Sale
$160,000
905 Owsley Street, Masury, OH 44438
ResidentialIncome, Masury, OH
Property Size840 SF
Lot Size0.23 Acres
Price / SF$190.48
Days on Market16
Property Features for 905 Owsley Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
3
Bathrooms
1
Full bathrooms
3
Rooms
Bedroom 1, Basement, Bedroom 3, Bathroom 3, Bathroom 2, Bedroom 2, Bathroom 1
Parking features
Driveway
Subdivision
Sharon Heights
Elementary school district
Brookfield LSD - 7803
Middle school district
Brookfield LSD - 7803
High school district
Brookfield LSD - 7803
Directions
Lincoln St to Owsley St
Standard status
Active
APN
03-539100
Size
840 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
581&58280F SHARON HTS 2 PACIFIC ST
Tax Annual Amount
637
Legal Description
581&58280F SHARON HTS 2 PACIFIC ST
Utilities
Sewer type
Septic Tank
Heating system
Natural Gas, Forced Air
Cooling system
Window Unit(s)
Water source
Well
Building Details
Year built
1940
Floors in Building
1
Building materials
AluminumSiding
Roof type
Asphalt, Fiberglass
Listing Agency:
Brokers Realty Group · Real Living
(330) 856-7777
Listed By:
Daniel J Alvarez · License #2004020741
(330) 503-0615
Added: Aug 28
Changed: Sep 3
Last Checked: Sep 11 at 11:06PM
MLS# 5240681
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.
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
$6,927
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
4.33%
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%
$138,540
$138.5K
Cap Rate 7%
$98,957
$99.0K
Cap Rate 9%
$76,967
$77.0K
Market Conditions
NOI Build-Up for 840 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
$10.6K $12.60/SF
− Vacancy
−$688 −$0.82/SF
EGI
$9.9K $11.78/SF
− OpEx
−$3.0K −$3.53/SF
NOI
$6.9K $8.25/SF
Area
Trumbull County, OH
Vacancy
6.50%
Lease Rate
$12.60 /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%
$138,540
Cap Rate 7%
$98,957
Cap Rate 9%
$76,967
Alternative Uses
Best Use
Multifamily LT 5
$99.0K
$86.6K – $115.5K
NOI $6,927 @ 7.0% cap · market cap 4.33%
Second Best
Apartment 5plus
$91.8K
$80.3K – $107.1K
NOI $6,424 @ 7.0% cap · market cap 4.02%
Theoretical Best
Office A
$159.4K
$139.5K – $186.0K
NOI $11,161 @ 7.0% cap · market cap 6.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
55
Businesses Nearby
Explore this area
Business Placement
Demographics for 44438, OH
4,762
Population
2,632
Households
1.8
Avg Household Size
47
Median Age
15%
College-Educated
90%
High-School Grad
9.4 sq mi
ZIP Area
507
Density / Sq Mi
$42,934
Median Household Income
$33,716
Median Earnings
$763
Median Rent
$78,900
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
Questions? Ask Rey
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Frequently Asked Questions
Where is this triplex located?
The property is located at 905 Owsley Street Masury, OH.
What is the asking price?
The asking price for this property is $160,000.
