1223 Faircliff Street, Louisville, OH 44641
MULTI_FAMILY - Louisville, OH
- Added:
- May 13, 2026
- Days on Market:
- 32
- Last Refresh:
- Jun 13 at 11:06 pm
Property Features for 1223 Faircliff Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 1, Bedroom 4, Basement, Bedroom 3, Bathroom 1, Bedroom 2, Laundry Room
- Parking features
- Open, Driveway
- Appliances
- Range, Refrigerator, WaterSoftener
- Standard status
- Active Under Contract
- APN
- 03603245
- Size
- 1,536 SF
- Lot size
- 1.15 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 2547 WH
- Tax Annual Amount
- 2781
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
- Water source
- Public, Well
Building Details
- Year built
- 1966
- Floors in Building
- 1
- Building materials
- VinylSiding
- Roof type
- Asphalt
Listing agent Lisa A Lingenhoel License #2003001688 (330) 575-5947
Listing office Keller Williams Chervenic Rlty 3589 Darrow Rd, Stow, OH (330) 686-1644
Listing date May 13, 2026
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.
HighLights
- Duplex built in 1966 on two parcels totaling just over 1 acre
- Each unit includes separate laundry areas
- Partially finished basement offers extra flexibility for storage or recreation
- Central air conditioning with forced‑air natural gas heating
- Appliances include range and refrigerator, plus a water softener
- Utilities: public water and well water, with public sewer; asphalt shingle roof
Overview
The home is located on a quiet cul-de-sac dead-end road in Louisville, Ohio, within the Louisville City School District. It sits on two parcels totaling 1.15 acres, providing a bit of added privacy and outdoor space compared with many small-lot multifamily properties.
For owner-occupants, the duplex format can support living in one unit while renting the other to help offset housing costs. For investors, the two separate units and on-site laundry facilities provide straightforward resident amenities, with the partially finished basement offering additional functional space. The property’s size and lot configuration may also appeal to buyers seeking room for flexible use while keeping the purchase focused on a duplex setup.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $19.0k | $12.36 |
| − Vacancy | −$630 | −$0.41 |
| EGI | $18.4k | $11.95 |
| − OpEx | −$5.5k | −$3.58 |
| NOI | $12.8k | $8.36 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Louisville
- County
- Stark
- State
- Ohio
- Longitude
- -81.26345
- Latitude
- 40.84685
