Building Details

Year Built 1926

Listing Agency: DeLuca Realty

Listed By: James W Petrella · License #2006004585 Show Phone

Source: Theacclaimedrealty

Added: Sep 1 Changed: Oct 11 Last Checked: Oct 7 at 3:45PM

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Investment Insights

Based on property information with market context.

This duplex contains 1,300 square feet of living area across two residential units: a two-bedroom, one-bath residence and a one-bedroom, one-bath residence. Constructed in 1926, the property is available immediately and is positioned on a corner lot in Steubenville, Ohio.

The property is near everyday amenities and public transportation, with Pittsburgh International Airport approximately 30 minutes away. Franciscan University of Steubenville, Saint Joseph the Worker College, and Youngstown State University's Steubenville branch are each approximately five minutes away.

Key Highlights

• Two‑unit duplex with 1,300 square feet of living space
• Unit mix includes one two‑bedroom, one‑bath unit and one one‑bedroom, one‑bath unit
• Corner‑lot property in Steubenville, Ohio

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$13,166

Cap Rate

8.50%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$263,320 $263.3K

Cap Rate 7%

$188,086 $188.1K

Cap Rate 9%

$146,289 $146.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,300 SF

Gross rent

$25.7K $19.80/SF

− Vacancy

−$1.8K −$1.39/SF

EGI

$23.9K $18.41/SF

− OpEx

−$10.8K −$8.29/SF

NOI

$13.2K $10.13/SF

Area

Jefferson County, OH

Vacancy

7.00%

Lease Rate

$19.80 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$263,320

Cap Rate 7%

$188,086

Cap Rate 9%

$146,289

Alternative Uses

Best Use

Multifamily LT 5

$214.1K

$187.3K – $249.8K (±1% cap)

NOI $14,985 @ 7.0% cap · market cap 9.67%

Second Best

Apartment 5plus

$188.1K

$164.6K – $219.4K (±1% cap)

NOI $13,166 @ 7.0% cap · market cap 8.50%

Theoretical Best

Office A

$261.9K

$229.1K – $305.5K (±1% cap)

NOI $18,330 @ 7.0% cap · market cap 11.83%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Building Supply Restaurant Law Firm Dental Office Real Estate Agency Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

317

Businesses Nearby

Explore this area Business Placement

Demographics for 43953, OH

11,637

Population

5,313

Households

2.2

Avg Household Size

48

Median Age

31%

College-Educated

95%

High-School Grad

18.5 sq mi

ZIP Area

629

Density / Sq Mi

$73,648

Median Household Income

$46,004

Median Earnings

$878

Median Rent

$140,000

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Built in 1926, the property contains one two-bedroom unit and one one-bedroom unit.

Where is this duplex located?

The property is located at 127 Forest St Steubenville, OH.

What is the asking price?

The asking price for this property is $154,900.

What are key features of this property?

This property features: Two‑unit duplex with 1,300 square feet of living space; Unit mix includes one two‑bedroom, one‑bath unit and one one‑bedroom, one‑bath unit; Corner‑lot property in Steubenville, Ohio