Building Details

Building Size 2,341 SF

Year Built 1860

Units 2

Listing Agency: Platz Realty Group

Listed By: Alicia Angelo · License #2017002852 Show Phone

Source: Commercialcafe

Added: May 8 Changed: Oct 1 Last Checked: Oct 5 at 3:17PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Platz Realty Group

Investment Insights

Based on property information with market context.

This duplex investment property includes two separate two-bedroom units, for a total of four bedrooms and three full bathrooms. The upstairs unit features one bathroom, while the downstairs unit provides two bathrooms. Both units include kitchens, and the downstairs unit also offers a large enclosed porch. The property also includes a two-car garage with two storage units.

The seller’s remarks indicate the property could be managed as a duplex investment, or potentially configured as a single-occupant residence.

Overall, the layout provides separate unit functionality with multiple kitchens and a mix of bedroom and bathroom placement across the two levels, supported by the enclosed porch and attached garage and storage.

Key Highlights

• Duplex with two 2‑bedroom units (4 total bedrooms) and 3 total full baths
• Unit layout includes 1 bathroom upstairs and 2 bathrooms downstairs
• 2 kitchens across the duplex

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$19,306

Cap Rate

7.72%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$386,120 $386.1K

Cap Rate 7%

$275,800 $275.8K

Cap Rate 9%

$214,511 $214.5K

Market Conditions

NOI Build-Up for 2,341 SF

Gross rent

$29.5K $12.60/SF

− Vacancy

−$1.9K −$0.82/SF

EGI

$27.6K $11.78/SF

− OpEx

−$8.3K −$3.53/SF

NOI

$19.3K $8.25/SF

Area

Trumbull County, OH

Vacancy

6.50%

Lease Rate

$12.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$386,120

Cap Rate 7%

$275,800

Cap Rate 9%

$214,511

Alternative Uses

Best Use

Multifamily LT 5

$275.8K

$241.3K – $321.8K (±1% cap)

NOI $19,306 @ 7.0% cap · market cap 7.72%

Second Best

Apartment 5plus

$255.7K

$223.8K – $298.4K (±1% cap)

NOI $17,902 @ 7.0% cap · market cap 7.16%

Theoretical Best

Office A

$444.3K

$388.8K – $518.4K (±1% cap)

NOI $31,103 @ 7.0% cap · market cap 12.44%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Restaurant Law Firm Hair Salon Dental Office

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

263

Businesses Nearby

Explore this area Business Placement

Demographics for 44410, OH

16,824

Population

7,948

Households

2.1

Avg Household Size

49

Median Age

29%

College-Educated

95%

High-School Grad

65.4 sq mi

ZIP Area

257

Density / Sq Mi

$63,158

Median Household Income

$45,447

Median Earnings

$762

Median Rent

$174,600

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Duplex for sale featuring two-bedroom units, a large enclosed porch, and a two-car garage with storage.

Where is this duplex located?

The property is located at 173 N Mecca St Cortland, OH.

What is the asking price?

The asking price for this property is $250,000.

What are key features of this property?

This property features: Duplex with two 2‑bedroom units (4 total bedrooms) and 3 total full baths; Unit layout includes 1 bathroom upstairs and 2 bathrooms downstairs; 2 kitchens across the duplex