1061 Housel Craft Rd, Bristolville, OH 44402

Building Details

Year Built 1973 More

Buildings 2 More

Stories 2 More

Listing Agency: P.J. Naples Realty

Listed By: Patsy J Naples Show Phone

Source: Mystarkcountyhome

Added: Jun 22 Changed: Nov 10 Last Checked: Nov 10 at 2:11PM

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Investment Insights

Based on property information with market context.

This residential income property consists of two two-story duplex buildings on one lot, totaling 4,160 square feet. Built in 1973, the four units have similar layouts and equal living areas; each bedroom includes two closets. Exterior electrical service has been updated, and residents pay their own electric costs.

Each building has a separate well, septic system, and water-treatment equipment. The owner maintains those systems and covers trash pickup. The septic tanks date to the buildings’ original construction.

Key Highlights

• Two two‑story duplex buildings on one lot, with four residential units
• 4,160 square feet total; built in 1973
• Similar layouts and equal living areas across all four units

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$31,812

Cap Rate

9.09%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$636,240 $636.2K

Cap Rate 7%

$454,457 $454.5K

Cap Rate 9%

$353,467 $353.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,160 SF

Gross rent

$61.4K $14.76/SF

− Vacancy

−$3.6K −$0.86/SF

EGI

$57.8K $13.90/SF

− OpEx

−$26.0K −$6.26/SF

NOI

$31.8K $7.65/SF

Area

Trumbull County, OH

Vacancy

5.80%

Lease Rate

$14.76 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$636,240

Cap Rate 7%

$454,457

Cap Rate 9%

$353,467

Alternative Uses

Best Use

Multifamily LT 5

$490.1K

$428.8K – $571.8K (±1% cap)

NOI $34,306 @ 7.0% cap · market cap 9.80%

Second Best

Apartment 5plus

$454.5K

$397.7K – $530.2K (±1% cap)

NOI $31,812 @ 7.0% cap · market cap 9.09%

Theoretical Best

Office A

$789.6K

$690.9K – $921.2K (±1% cap)

NOI $55,271 @ 7.0% cap · market cap 15.79%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

4

Residential units

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

5

Businesses Nearby

Explore this area Business Placement

Demographics for 44402, OH

2,951

Population

1,251

Households

2.4

Avg Household Size

45

Median Age

19%

College-Educated

83%

High-School Grad

36.3 sq mi

ZIP Area

81

Density / Sq Mi

$74,023

Median Household Income

$50,637

Median Earnings

$592

Median Rent

$148,600

Median Home Value

Market

Average Price Trend$/SF for Residential income properties in Trumbull County, OH

$78.47 Jul

$82.73 Aug

$75.48 Sep

$96.92 Oct

Properties on Market for Residential income properties in Trumbull County

Jul

Aug

Sep

Oct

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?

Residential income property - Four units share similar layouts, with bedroom closets and separate electric costs for each residence.

Where is this residential income property located?

The property is located at 1061 Housel Craft Rd Bristolville, OH.

What is the asking price?

The asking price for this property is $350,000.

What are key features of this property?

This property features: Two two‑story duplex buildings on one lot, with four residential units; 4,160 square feet total; built in 1973; Similar layouts and equal living areas across all four units