91 Union Avenue SE Minerva, OH 44657
MULTI_FAMILY - Minerva, OH
Property Features for 91 Union Avenue SE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 3, Basement, Bedroom 4
- Parking features
- Garage
- Standard status
- Active
- APN
- 04101506
- Size
- 3,050 SF
- Lot size
- 0.22 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 1080
Utilities
- Sewer type
- Septic Tank
- Heating system
- Natural Gas, Forced Air
- Water source
- Well
Building Details
- Year built
- 1856
- Floors in Building
- 2
- Building materials
- VinylSiding
- Roof type
- Fiberglass, Asphalt
Listing agent Lisa M Trummer License #2006001890 (330) 257-0870
Listing office Tanner Real Estate Co. 1965 Glamorgan St., Alliance, OH (330) 823-8880
Listing date Dec 23, 2025
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Investment Insights
Based on property information with market context.
The site offers high visibility and is positioned for exposure along two main highways. Immediate occupancy is available, which can help accommodate buyers looking to move forward without delay.
From a practical standpoint, the current warehouse configuration may suit storage and light industrial needs, while the adaptable layout supports a range of alternative concepts. The partially residential-ready setup combined with the attached garage/workshop can also be a fit for uses such as car detailing, retail, rental garages, or other storage-focused operations. If you’re looking for a property with both existing industrial utility and a foundation for residential or mixed-use reconfiguration, this one is worth a closer look.
Key Highlights
- High visibility location with strong traffic count on two main highways.
- Potential for duplex or triplex conversion with partial configuration already in place.
- Attached two‑car garage/workshop adaptable for various uses such as car detailing, retail, or storage.
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $14.6k | $4.80 |
| − Vacancy | −$220 | −$0.07 |
| EGI | $14.4k | $4.73 |
| − OpEx | −$5.0k | −$1.65 |
| NOI | $9.4k | $3.07 |
