Updated Duplex with Attached
New
For Sale
$315,000
10770 Infirmary Road, Mantua, OH 44255
ResidentialIncome, Mantua, OH
Property Size1,943 SF
Lot Size2.89 Acres
Price / SF$162.12
Days on Market1
Property Features for 10770 Infirmary Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 1, Laundry Room, Bedroom 4, Bedroom 3, Bathroom 1, Bathroom 2
Parking features
Driveway, Garage
Exterior features
FirePit
Appliances
Dryer, Dishwasher, Range, Refrigerator, Washer
Subdivision
Mantua
Lot features
Corner Lot, Private, Views, Wooded
Elementary school district
Crestwood LSD - 6702
Middle school district
Crestwood LSD - 6702
High school district
Crestwood LSD - 6702
Directions
Corner of Mennonite and Infirmary Road. Driveway is off Mennonite.
Standard status
Active
APN
23-034-00-00-040-000
Size
1,943 SF
Lot size
2.89 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 34 SD-33
Tax Annual Amount
2990
Legal Description
LOT 34 SD-33
Utilities
Sewer type
Septic Tank
Heating system
Natural Gas
Cooling system
Window Unit(s)
Water source
Well
Building Details
Year built
1974
Floors in Building
2
Building materials
AluminumSiding, Brick, BrickVeneer, Block, VinylSiding
Roof type
Fiberglass, Asphalt
Listing Agency:
RE/MAX Crossroads Properties · RE/MAX International
(330) 929-9278
Listed By:
Brant Jessel · License #436272
(330) 389-0636
Added: Sep 23
Last Checked: Sep 23 at 5:06PM
MLS# 5247033
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 1,943-square-foot duplex includes an upper and lower residence, each with two bedrooms, one full bathroom, and a laundry room. Separate front and rear entrances serve each unit, while the attached two-car garage provides covered parking. The lower unit has updated kitchen and bathroom finishes, flooring, windows, and additional improvements. The property was built in 1974 and includes a natural gas heating system, window-unit cooling, a well, and septic service.
Set on 2.892 acres at the corner of Mennonite Road and Infirmary Road, the property overlooks a stream amid wooded surroundings. The driveway is located on Infirmary Road. Headwaters Trail, schools, a post office, and UH Family Medical are nearby, with access to Aurora, Streetsboro, Route 44, and the Ohio Turnpike. The upper unit is occupied under a month-to-month arrangement, while the lower unit was previously owner-occupied.
Set on 2.892 acres at the corner of Mennonite Road and Infirmary Road, the property overlooks a stream amid wooded surroundings. The driveway is located on Infirmary Road. Headwaters Trail, schools, a post office, and UH Family Medical are nearby, with access to Aurora, Streetsboro, Route 44, and the Ohio Turnpike. The upper unit is occupied under a month-to-month arrangement, while the lower unit was previously owner-occupied.
Key Highlights
- 1,943‑square‑foot duplex with two 2‑bedroom, 1‑bath units
- 2.892‑acre wooded setting overlooking a stream
- Two‑car attached garage
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
$16,914
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
5.37%
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%
$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
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
$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 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%
$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
NOI $16,914 @ 7.0% cap · market cap 5.37%
Second Best
Apartment 5plus
$223.6K
$195.7K – $260.9K
NOI $15,654 @ 7.0% cap · market cap 4.97%
Theoretical Best
Office A
$391.4K
$342.5K – $456.6K
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
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
16
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
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?
Duplex - Two separately accessed units offer flexible income or single-family conversion potential in a wooded setting.
Where is this duplex located?
The property is located at 10770 Infirmary Road 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 duplex with two 2‑bedroom, 1‑bath units; 2.892‑acre wooded setting overlooking a stream; Two‑car attached garage
