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2-Unit Duplex with Detached Garage

10 Walnut St, Norwalk, OH 44857

For Sale
$175,000

Each apartment has its own laundry room and separate gas and electric meters.

Property Size2,196 SF
Price / SF$79.69
Days on Market42

Property Features for 10 Walnut St

General Information

Standard status Active
Size 2,196 SF
Property subtype Residential Income

Property Condition

Severity Repairs Needed
Evidence ready for a sensible renovation

Units

Unit Mix 1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units 2
Individually Metered Utilities gas, electric

Additional Details

Utilities to Site Yes
Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $2,857
Listing Agency: RE/MAX Quality Realty - Norwalk
Listed By: Patrick C. Spettel · License #SAL.2023004059
Source: Exprealty
Added: Sep 28 Changed: Nov 7 Last Checked: Nov 7 at 8:48PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Quality Realty - Norwalk

Rey
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Investment Insights

Based on property information with market context.

This 2,196-square-foot duplex has an upper and lower apartment. The lower unit offers three bedrooms, one full bathroom, living and family rooms, a sunroom, and a rear laundry room; it is vacant and ready for renovation. The upper unit has two bedrooms, one full bathroom, and a dedicated laundry room, and is occupied under a month-to-month rental arrangement. Gas and electric service are separately metered for each unit. A detached two-bay garage is also on the property.

The duplex is in Norwalk, with downtown, shopping, dining, and area amenities nearby.

Key Highlights

  • 2,196‑square‑foot upper/lower duplex
  • Lower apartment: 3 bedrooms, 1 full bathroom, living and family rooms, sunroom, and laundry room
  • Vacant lower unit is ready for renovation

Property Analytics

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Lease Details

2
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

531
Businesses Nearby

Demographics for 44857, OH

23,619
Population
10,579
Households
2.2
Avg Household Size
41
Median Age
21%
College-Educated
93%
High-School Grad
81.6 sq mi
ZIP Area
289
Density / Sq Mi
$62,227
Median Household Income
$42,100
Median Earnings
$795
Median Rent
$170,400
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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Each apartment has its own laundry room and separate gas and electric meters.
Where is this duplex located?
The property is located at 10 Walnut St Norwalk, OH.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: 2,196‑square‑foot upper/lower duplex; Lower apartment: 3 bedrooms, 1 full bathroom, living and family rooms, sunroom, and laundry room; Vacant lower unit is ready for renovation
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