Updated Side-by-Side
For Sale
$154,000
1017 Broadway Street, Masury, OH 44438
ResidentialIncome, Masury, OH
Property Size1,600 SF
Lot Size0.25 Acres
Price / SF$96.25
Days on Market279
Property Features for 1017 Broadway Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 5, Bedroom 2, Bedroom 3, Bathroom 2, Bedroom 1, Laundry Room, Bathroom 1, Bedroom 4, Basement
Parking features
Paved or Surfaced
Subdivision
Service Park
Elementary school district
Brookfield LSD - 7803
Middle school district
Brookfield LSD - 7803
High school district
Brookfield LSD - 7803
Directions
62 to Broadway on corner of Broadway/Budd.
Standard status
Active
APN
03-316452
Size
1,600 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
343 88.02F SERVICE PK HIGH ST
Tax Annual Amount
841
Legal Description
343 88.02F SERVICE PK HIGH ST
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Water source
Public
Building Details
Year built
1940
Floors in Building
1
Building materials
Brick, WoodSiding
Roof type
Metal
Listing Agency:
Keller Williams Chervenic Rlty · Keller Williams Realty
(330) 967-4300
Listed By:
Anastasios Pappas · License #2019003129
(330) 651-1825
Added: Nov 24, 2025
Changed: Aug 20
Last Checked: Aug 30 at 12:06AM
MLS# 5174057
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.
This side-by-side duplex contains 1,600 square feet across two updated units: one with three bedrooms and one bathroom, and the other with two bedrooms and one bathroom. Each residence includes a private basement, separate utilities, energy-efficient windows, and contemporary interior finishes. The property has a metal roof, brick and wood siding, natural gas forced-air heating, and an upgraded 200-amp electrical system. A hot water tank was installed in the second unit in 2023, and the roof dates to 2014.
Set on a 0.2525-acre corner lot in Masury, the property includes paved parking, public water, and public sewer. Both units are currently occupied, with separate living spaces that support independent household use and straightforward management. Built in 1940, the duplex combines established construction with documented system improvements and updated interiors.
Set on a 0.2525-acre corner lot in Masury, the property includes paved parking, public water, and public sewer. Both units are currently occupied, with separate living spaces that support independent household use and straightforward management. Built in 1940, the duplex combines established construction with documented system improvements and updated interiors.
Key Highlights
- Two‑unit side‑by‑side duplex with 1,600 square feet
- Unit mix includes one 3‑bedroom, 1‑bath unit and one 2‑bedroom, 1‑bath unit
- Private basements and separate utilities for each unit
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
$13,195
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
8.57%
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%
$263,900
$263.9K
Cap Rate 7%
$188,500
$188.5K
Cap Rate 9%
$146,611
$146.6K
Market Conditions
NOI Build-Up for 1,600 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
$20.2K $12.60/SF
− Vacancy
−$1.3K −$0.82/SF
EGI
$18.8K $11.78/SF
− OpEx
−$5.7K −$3.53/SF
NOI
$13.2K $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%
$263,900
Cap Rate 7%
$188,500
Cap Rate 9%
$146,611
Alternative Uses
Best Use
Multifamily LT 5
$188.5K
$164.9K – $219.9K
NOI $13,195 @ 7.0% cap · market cap 8.57%
Second Best
Apartment 5plus
$174.8K
$152.9K – $203.9K
NOI $12,235 @ 7.0% cap · market cap 7.94%
Theoretical Best
Office A
$303.7K
$265.7K – $354.3K
NOI $21,258 @ 7.0% cap · market cap 13.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
50
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two renovated units offer separate utilities, private basements, and independent living arrangements.
Where is this duplex located?
The property is located at 1017 Broadway Street Masury, OH.
What is the asking price?
The asking price for this property is $154,000.
What are key features of this property?
This property features: Two‑unit side‑by‑side duplex with 1,600 square feet; Unit mix includes one 3‑bedroom, 1‑bath unit and one 2‑bedroom, 1‑bath unit; Private basements and separate utilities for each unit
