Updated Duplex on Wooded
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
Baseboard, Electric (Heating)
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 10:06PM
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 duplex contains two residential units arranged on separate levels, with each offering 2 bedrooms, 1 full bath, and a laundry room. Separate front and rear entrances serve both units, and the layout could be adapted for single-family use. The lower residence includes updates to the kitchen, bathroom, flooring, and windows, while the upper unit has had the same tenant for several years. Electric service is separately metered.
Set on 2.892 acres, the property overlooks a stream and wooded surroundings. Improvements include a two-car attached garage, driveway parking, a well, and a septic system. The home was built in 1974 and includes electric baseboard heat, window-unit cooling, and appliances including a range, refrigerator, dishwasher, washer, and dryer. The driveway is located off Infirmary Road near the Headwaters Trail entrance on Mennonite Road, with access to nearby schools, post office, UH Family Medical, Aurora, Streetsboro, Route 44, and the Ohio Turnpike.
Set on 2.892 acres, the property overlooks a stream and wooded surroundings. Improvements include a two-car attached garage, driveway parking, a well, and a septic system. The home was built in 1974 and includes electric baseboard heat, window-unit cooling, and appliances including a range, refrigerator, dishwasher, washer, and dryer. The driveway is located off Infirmary Road near the Headwaters Trail entrance on Mennonite Road, with access to nearby schools, post office, UH Family Medical, Aurora, Streetsboro, Route 44, and the Ohio Turnpike.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 1 full bath per unit
- 2.892‑acre parcel overlooking a stream and wooded surroundings
- 1,943 square feet of property size
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 residential units with separate entrances, an attached garage, and a wooded setting overlooking a stream.
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: Two‑unit duplex with 2 bedrooms and 1 full bath per unit; 2.892‑acre parcel overlooking a stream and wooded surroundings; 1,943 square feet of property size
