Building Details

Year Built 1974

Listing Agency: RE/MAX Crossroads Properties

Listed By: Brant Jessel brantjessel@gmail.com, 330-389-0636

Source: Homessouthofcleveland

Added: Sep 15 Changed: Oct 1 Last Checked: Oct 7 at 12:47PM

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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 Crossroads Properties

Investment Insights

Based on property information with market context.

Built in 1974, this 1,943-square-foot up-and-down duplex has two bedrooms, one full bath, and a laundry room in each unit. Both residences have front and rear entries, and an attached two-car garage serves the property. The lower unit has received extensive improvements, including work to the kitchen, bathroom, flooring, and windows. Electric service is separately metered. The upper unit is occupied under a month-to-month lease; the tenant is open to discussing a new lease with a future owner.

The 2.89-acre property overlooks a stream in a wooded setting. It sits near the corner of Mennonite and Infirmary Road, with the driveway on Infirmary Road. The Headwaters Trail entrance, schools, post office, and UH Family Medical are nearby, with access to Aurora, Streetsboro, Route 44, and the Ohio Turnpike.

Key Highlights

• 1,943‑square‑foot up‑and‑down duplex built in 1974
• Each unit has 2 bedrooms, 1 full bath, laundry, and front and rear entries
• Lower unit updated with improvements to the kitchen, bath, flooring, and windows

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,914

Cap Rate

5.37%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$338,280 $338.3K

Cap Rate 7%

$241,629 $241.6K

Cap Rate 9%

$187,933 $187.9K

Market Conditions

NOI Build-Up for 1,943 SF

Gross rent

$25.6K $13.20/SF

− Vacancy

−$1.5K −$0.76/SF

EGI

$24.2K $12.44/SF

− OpEx

−$7.2K −$3.73/SF

NOI

$16.9K $8.71/SF

Area

Portage County, OH

Vacancy

5.79%

Lease Rate

$13.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$338,280

Cap Rate 7%

$241,629

Cap Rate 9%

$187,933

Alternative Uses

Best Use

Multifamily LT 5

$241.6K

$211.4K – $281.9K (±1% cap)

NOI $16,914 @ 7.0% cap · market cap 5.37%

Second Best

Apartment 5plus

$223.6K

$195.7K – $260.9K (±1% cap)

NOI $15,654 @ 7.0% cap · market cap 4.97%

Theoretical Best

Office A

$391.4K

$342.5K – $456.6K (±1% cap)

NOI $27,396 @ 7.0% cap · market cap 8.70%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Storage Facility Kitchen & Bath Showroom Building Supply Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

12

Businesses Nearby

Explore this area Business Placement

Demographics for 44255, OH

7,558

Population

3,148

Households

2.4

Avg Household Size

47

Median Age

25%

College-Educated

89%

High-School Grad

42.7 sq mi

ZIP Area

177

Density / Sq Mi

$74,221

Median Household Income

$43,702

Median Earnings

$875

Median Rent

$180,300

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Separate entrances and electric meters serve the two residences on a wooded 2.89-acre parcel.

Where is this duplex located?

The property is located at 10770 Infirmary Rd Mantua, OH.

What is the asking price?

The asking price for this property is $315,000.

What are key features of this property?

This property features: 1,943‑square‑foot up‑and‑down duplex built in 1974; Each unit has 2 bedrooms, 1 full bath, laundry, and front and rear entries; Lower unit updated with improvements to the kitchen, bath, flooring, and windows