Updated Duplex with In-Law
New
For Sale
$399,900
1177 W Portage Trail Extension, Cuyahoga Falls, OH 44223
ResidentialIncome, Cuyahoga Falls, OH
Property Size3,840 SF
Lot Size0.98 Acres
Price / SF$104.14
Days on Market2
Property Features for 1177 W Portage Trail Extension
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bathroom 2, Bathroom 3, Bedroom 2, Bedroom 3, Laundry Room, Bathroom 1, Basement
Parking features
Driveway, Garage
Interior features
GraniteCounters, HighCeilings
Appliances
Dryer, Dishwasher, Range, Refrigerator, Washer
Elementary school district
Woodridge LSD - 7717
Middle school district
Woodridge LSD - 7717
High school district
Woodridge LSD - 7717
Directions
Corner of Portage Trail and Akron Peninsula RD
Standard status
Active
APN
3503505
Size
3,840 SF
Lot size
0.98 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 59 N OF RD 1.089AC
Tax Annual Amount
6296
Legal Description
LOT 59 N OF RD 1.089AC
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1957
Floors in Building
1
Building materials
VinylSiding
Roof type
Fiberglass, Asphalt
Listing Agency:
Berkshire Hathaway HomeServices Simon & Salhany Realty
(330) 929-0707
Listed By:
Angela Keto · License #2020006244
(330) 604-0688
Added: Aug 21
Changed: Aug 22
Last Checked: Aug 22 at 7:06PM
MLS# 5238422
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 includes a primary ranch residence and a private in-law suite with independent access plus an interior connection. The main home offers an open kitchen, dining area, and great room with 10' ceilings, stone countertops, an island breakfast bar, two bedrooms, and a den or guest bedroom. Its primary suite has a renovated bathroom with an oversized walk-in shower, while the common bath adds a soaking tub and updated finishes. The secondary residence includes a remodeled kitchen with granite countertops, a living area, one bedroom, and an oversized bathroom. Both residences provide first-floor laundry.
The property encompasses 0.98 acres and 3,840 square feet. Improvements include a new furnace in 2025, a new garage door and exterior lighting in 2026, and an asphalt driveway dated 8/2026. Public water and sewer serve the property, with forced-air heating, central air, a garage, and driveway parking. The address is within walking distance of restaurants, Weathervane LN, bike and hike trails, and Sand Run Park.
The property encompasses 0.98 acres and 3,840 square feet. Improvements include a new furnace in 2025, a new garage door and exterior lighting in 2026, and an asphalt driveway dated 8/2026. Public water and sewer serve the property, with forced-air heating, central air, a garage, and driveway parking. The address is within walking distance of restaurants, Weathervane LN, bike and hike trails, and Sand Run Park.
Key Highlights
- Duplex configuration with a private in‑law suite, separate entrance, and interior hallway access
- 3,840 square feet on 0.98 acres
- Main residence includes 2 bedrooms plus a den or guest bedroom
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
$35,165
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
8.79%
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%
$703,300
$703.3K
Cap Rate 7%
$502,357
$502.4K
Cap Rate 9%
$390,722
$390.7K
Market Conditions
NOI Build-Up for 3,840 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
$53.0K $13.80/SF
− Vacancy
−$2.8K −$0.72/SF
EGI
$50.2K $13.08/SF
− OpEx
−$15.1K −$3.92/SF
NOI
$35.2K $9.16/SF
Area
Summit County, OH
Vacancy
5.20%
Lease Rate
$13.80 /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%
$703,300
Cap Rate 7%
$502,357
Cap Rate 9%
$390,722
Alternative Uses
Best Use
Multifamily LT 5
$502.4K
$439.6K – $586.1K
NOI $35,165 @ 7.0% cap · market cap 8.79%
Second Best
Apartment 5plus
$439.8K
$384.8K – $513.1K
NOI $30,786 @ 7.0% cap · market cap 7.70%
Theoretical Best
Office A
$942.4K
$824.6K – $1.10M
NOI $65,966 @ 7.0% cap · market cap 16.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
667
Businesses Nearby
Explore this area
Business Placement
Demographics for 44223, OH
18,388
Population
8,846
Households
2.1
Avg Household Size
45
Median Age
47%
College-Educated
97%
High-School Grad
14.8 sq mi
ZIP Area
1,242
Density / Sq Mi
$89,046
Median Household Income
$51,385
Median Earnings
$1,056
Median Rent
$202,600
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 connected residences offer flexible occupancy, separate access, and refreshed kitchens and bathrooms.
Where is this duplex located?
The property is located at 1177 W Portage Trail Extension Cuyahoga Falls, OH.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Duplex configuration with a private in‑law suite, separate entrance, and interior hallway access; 3,840 square feet on 0.98 acres; Main residence includes 2 bedrooms plus a den or guest bedroom
