Brick Quadplex with
New
For Sale
$589,000
10004 Darrow Road, Twinsburg, OH 44087
ResidentialIncome, Twinsburg, OH
Property Size3,864 SF
Lot Size0.48 Acres
Price / SF$152.43
Days on Market2
Property Features for 10004 Darrow Road
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
8
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 1, Bedroom 2, Bedroom 7, Bedroom 8, Bedroom 6, Laundry Room, Bedroom 5
Parking features
Driveway, Garage
Appliances
Dryer, Range, Refrigerator, Washer
Subdivision
Twinsburg 02
Elementary school district
Twinsburg CSD - 7716
Middle school district
Twinsburg CSD - 7716
High school district
Twinsburg CSD - 7716
Directions
From St. Rt. 82 and Darrow Rd, go North on Darrow Rd. House is on the left
Standard status
Active
APN
6401208
Size
3,864 SF
Lot size
0.48 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
TR 2 LOT 9 W OF DARROW RD LESS PT FOR RD 15WD
Tax Annual Amount
4021
Legal Description
TR 2 LOT 9 W OF DARROW RD LESS PT FOR RD 15WD
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Amenities
storage lockers
Building Details
Year built
1965
Floors in Building
2
Building materials
Brick
Roof type
Asphalt, Fiberglass
Listing Agency:
EXP Realty, LLC.
(866) 212-4991
Listed By:
Frederic Belcher · License #2025001067
(330) 620-2858
Added: Sep 25
Last Checked: Sep 26 at 1:06AM
MLS# 5247238
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.
At 10004 Darrow Road, this 3,864-square-foot brick quadplex dates to 1965 and sits on 0.4773 acres. Its four apartments each offer two bedrooms and one bathroom, along with a dedicated one-car garage and a second-floor storage locker measuring 2' x 4'. A separate two-car garage adds another component to the property.
All four apartments are occupied, with leases running into 2027. Each unit has its own gas and electric meters, and tenants pay those utility costs. The owner covers water, sewer, trash, and gas and electric service for common areas. Public water and public sewer serve the property.
All four apartments are occupied, with leases running into 2027. Each unit has its own gas and electric meters, and tenants pay those utility costs. The owner covers water, sewer, trash, and gas and electric service for common areas. Public water and public sewer serve the property.
Key Highlights
- Four apartments, each with 2 bedrooms and 1 bathroom
- 3,864‑square‑foot brick building on 0.4773 acres; built in 1965
- One‑car garage and 2' x 4' second‑floor storage locker for each apartment
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
$35,385
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
6.01%
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%
$707,700
$707.7K
Cap Rate 7%
$505,500
$505.5K
Cap Rate 9%
$393,167
$393.2K
Market Conditions
NOI Build-Up for 3,864 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
$53.3K $13.80/SF
− Vacancy
−$2.8K −$0.72/SF
EGI
$50.6K $13.08/SF
− OpEx
−$15.2K −$3.92/SF
NOI
$35.4K $9.16/SF
Area
Summit County, OH
Vacancy
5.20%
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%
$707,700
Cap Rate 7%
$505,500
Cap Rate 9%
$393,167
Alternative Uses
Best Use
Multifamily LT 5
$505.5K
$442.3K – $589.8K
NOI $35,385 @ 7.0% cap · market cap 6.01%
Second Best
Apartment 5plus
$442.5K
$387.2K – $516.3K
NOI $30,978 @ 7.0% cap · market cap 5.26%
Theoretical Best
Office A
$948.3K
$829.7K – $1.11M
NOI $66,378 @ 7.0% cap · market cap 11.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
98
Businesses Nearby
Explore this area
Business Placement
Demographics for 44087, OH
22,626
Population
9,146
Households
2.5
Avg Household Size
44
Median Age
47%
College-Educated
95%
High-School Grad
18.0 sq mi
ZIP Area
1,257
Density / Sq Mi
$95,810
Median Household Income
$59,762
Median Earnings
$1,333
Median Rent
$290,500
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
What type of property is this?
Quadplex - Four occupied apartments have leases extending into 2027.
Where is this quadplex located?
The property is located at 10004 Darrow Road Twinsburg, OH.
What is the asking price?
The asking price for this property is $589,000.
What are key features of this property?
This property features: Four apartments, each with 2 bedrooms and 1 bathroom; 3,864‑square‑foot brick building on 0.4773 acres; built in 1965; One‑car garage and 2' x 4' second‑floor storage locker for each apartment
