Corner-Lot
For Sale
$154,900
127 Forest Street, Steubenville, OH 43953
ResidentialIncome, Steubenville, OH
Property Size1,300 SF
Lot Size0.07 Acres
Price / SF$119.15
Days on Market93
Property Features for 127 Forest Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Basement, Bathroom 2, Bedroom 1, Bedroom 2
Parking features
On Street
Elementary school district
Steubenville CSD - 4104
Middle school district
Steubenville CSD - 4104
High school district
Steubenville CSD - 4104
Directions
Sunset Blvd to North Forest Ave. Duplex sits on the corner of N. Forest and Crabbe Blvd
Standard status
Active
APN
07-08142-000
Size
1,300 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
21 WAGG & MC ELD 50X50 MAP-07-07C0-02700
Tax Annual Amount
716
Legal Description
21 WAGG & MC ELD 50X50 MAP-07-07C0-02700
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1926
Floors in Building
2
Building materials
VinylSiding
Roof type
Fiberglass, Asphalt
Listing Agency:
DeLuca Realty
(740) 264-6989
Listed By:
James W Petrella · License #2006004585
(740) 632-2952
Added: Jun 12
Changed: Aug 20
Last Checked: Sep 12 at 5:06AM
MLS# 5218444
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 1926 duplex provides 1,300 square feet of living area across two separate units: one with two bedrooms and one bathroom, and another with one bedroom and one bathroom. The property sits on a 0.07-acre corner lot and features vinyl siding, asphalt and fiberglass roofing, forced-air natural gas heat, public water, public sewer, and on-street parking.
Located in Steubenville, the property is near everyday amenities and public transportation. Franciscan University of Steubenville, Saint Joseph the Worker College, and Youngstown State University's Steubenville branch are approximately five minutes away, while Pittsburgh International Airport is about 30 minutes from the property.
Located in Steubenville, the property is near everyday amenities and public transportation. Franciscan University of Steubenville, Saint Joseph the Worker College, and Youngstown State University's Steubenville branch are approximately five minutes away, while Pittsburgh International Airport is about 30 minutes from the property.
Key Highlights
- Two‑unit duplex with 1,300 square feet of living space
- Unit mix includes a 2‑bedroom, 1‑bath unit and a 1‑bedroom, 1‑bath unit
- 0.07‑acre corner lot at 127 Forest Street, Steubenville, OH 43953
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
$13,166
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
8.50%
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%
$263,320
$263.3K
Cap Rate 7%
$188,086
$188.1K
Cap Rate 9%
$146,289
$146.3K
Market Conditions
NOI Build-Up for 1,300 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
$25.7K $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 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%
$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
NOI $14,985 @ 7.0% cap · market cap 9.67%
Second Best
Apartment 5plus
$188.1K
$164.6K – $219.4K
NOI $13,166 @ 7.0% cap · market cap 8.50%
Theoretical Best
Office A
$261.9K
$229.1K – $305.5K
NOI $18,330 @ 7.0% cap · market cap 11.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
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
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 rental units offer a flexible residential income configuration near colleges and public transportation.
Where is this duplex located?
The property is located at 127 Forest Street 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 a 2‑bedroom, 1‑bath unit and a 1‑bedroom, 1‑bath unit; 0.07‑acre corner lot at 127 Forest Street, Steubenville, OH 43953
