Two-Unit Duplex with Separate
For Sale
$175,000
119 4th Street SE, Brewster, OH 44613
ResidentialIncome, Brewster, OH
Property Size2,094 SF
Lot Size0.13 Acres
Price / SF$83.57
Days on Market34
Property Features for 119 4th Street SE
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 3, Basement, Bedroom 1, Bathroom 1, Bedroom 2
Subdivision
Village/Brewster
Elementary school district
Fairless LSD - 7604
Middle school district
Fairless LSD - 7604
High school district
Fairless LSD - 7604
Directions
From Wabash Ave S in Brewster take 4th St SE to the property.
Standard status
Active
APN
07001658
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
42 WH
Tax Annual Amount
1630
Legal Description
42 WH
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1916
Floors in Building
2
Building materials
VinylSiding
Roof type
Asphalt, Fiberglass
Listing Agency:
Kaufman Realty & Auction, LLC.
(330) 852-4111
Listed By:
Kobe Shetler · License #2020007307
(330) 987-4084
Added: Jul 28
Changed: Aug 21
Last Checked: Aug 30 at 7:06PM
MLS# 5231368
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.
Built in 1916, this duplex contains 2,094 square feet across two separate residential units. The floor plan includes one one-bedroom, one-bath unit and one two-bedroom, one-bath unit, with living areas on the main level and bedrooms upstairs. A basement connected to the one-bedroom unit adds storage and houses utility functions.
Each residence has independent gas and electric metering, its own furnace, and its own hot water heater. Both units are occupied under month-to-month leases. The two-bedroom unit received flooring, paint, plumbing, and furnace updates in 2024. Public water and public sewer serve the property, which sits on a 0.1318-acre lot in Brewster near restaurants, convenience stores, a laundromat, and other everyday services.
Each residence has independent gas and electric metering, its own furnace, and its own hot water heater. Both units are occupied under month-to-month leases. The two-bedroom unit received flooring, paint, plumbing, and furnace updates in 2024. Public water and public sewer serve the property, which sits on a 0.1318-acre lot in Brewster near restaurants, convenience stores, a laundromat, and other everyday services.
Key Highlights
- Two‑unit duplex with 2,094 square feet of living space
- Unit mix includes 1 bedroom/1 bath and 2 bedrooms/1 bath
- Separate gas and electric meters for each unit
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
$15,337
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
8.76%
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%
$306,740
$306.7K
Cap Rate 7%
$219,100
$219.1K
Cap Rate 9%
$170,411
$170.4K
Market Conditions
NOI Build-Up for 2,094 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
$28.9K $13.80/SF
− Vacancy
−$1.0K −$0.48/SF
EGI
$27.9K $13.32/SF
− OpEx
−$12.5K −$5.99/SF
NOI
$15.3K $7.32/SF
Area
Stark County, OH
Vacancy
3.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
45.00%
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%
$306,740
Cap Rate 7%
$219,100
Cap Rate 9%
$170,411
Alternative Uses
Best Use
Multifamily LT 5
$250.2K
$219.0K – $291.9K
NOI $17,516 @ 7.0% cap · market cap 10.01%
Second Best
Apartment 5plus
$219.1K
$191.7K – $255.6K
NOI $15,337 @ 7.0% cap · market cap 8.76%
Theoretical Best
Retail
$546.7K
$478.4K – $637.9K
NOI $38,271 @ 7.0% cap · market cap 21.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
86
Businesses Nearby
Explore this area
Business Placement
Demographics for 44613, OH
1,998
Population
797
Households
2.5
Avg Household Size
43
Median Age
8%
College-Educated
88%
High-School Grad
2.0 sq mi
ZIP Area
999
Density / Sq Mi
$57,318
Median Household Income
$40,769
Median Earnings
$943
Median Rent
$135,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-story layouts provide living areas downstairs and bedrooms above.
Where is this duplex located?
The property is located at 119 4th Street SE Brewster, OH.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,094 square feet of living space; Unit mix includes 1 bedroom/1 bath and 2 bedrooms/1 bath; Separate gas and electric meters for each unit
