Updated Duplex with
For Sale
$479,900
5870 Wolff Road, Medina, OH 44256
Fully updated duplex offers two rental units, laundry hookups, and brand-new major systems, plus an outbuilding on 1.98 acres.
Property Size4,200 SF
Lot Size1.98 Acres
Price / SF$114.26
Days on Market12
Property Features for 5870 Wolff Road
General Information
Standard status
Active
Size
4,200 SF
Lot size
1.98 Acres
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
outbuilding
Building Details
Year Built
1960
Tenancy
Multi
Listing Agency:
McCrae & Co. Real Estate, LLC
(216) 544-8675
Listed By:
Bryan Burke · License #2020007846
Source:
Carletonrealty
Added: Jul 23
Changed: Jul 24
Last Checked: Aug 3 at 3:17AM
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 McCrae & Co. Real Estate, LLC
Investment Insights
Based on property information with market context.
This fully updated duplex includes an upstairs 3-bedroom, 2-bath unit with laundry hookups in the unit, and a downstairs 2-bedroom, 2-bath unit with laundry hookups in the unit. The property also features brand-new roof, both AC units, both furnaces, and both tankless hot water tanks. An outbuilding provides additional storage space or flexibility for other uses.
Set on 1.98 acres in Medina, the property offers a country-style setting. There are multiple living and rental options, including renting both units, living in one and renting the other, or living in both.
The sellers completed repairs identified through an inspection, and the inspection report is available upon request.
Set on 1.98 acres in Medina, the property offers a country-style setting. There are multiple living and rental options, including renting both units, living in one and renting the other, or living in both.
The sellers completed repairs identified through an inspection, and the inspection report is available upon request.
Key Highlights
- Fully updated duplex on 1.98 acres (year built 1960) with two separate rental units
- Up unit: 3 bed, 2 bath, with in‑unit laundry hookups
- Down unit: 2 bed, 2 bath, with in‑unit laundry hookups
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 | $58.0k | $13.80 |
| − Vacancy | −$3.6k | −$0.85 |
| EGI | $54.4k | $12.95 |
| − OpEx | −$16.3k | −$3.88 |
| NOI | $38.1k | $9.06 |
4,200 SF · lease $13.80/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$543.8K
$475.9K – $634.5K
NOI $38,069 @ 7.0% cap · market cap 7.93%
Second Best
Apartment 5plus
$473.9K
$414.7K – $552.9K
NOI $33,175 @ 7.0% cap · market cap 6.91%
Theoretical Best
Specialty Retail
$1.17M
$1.03M – $1.37M
NOI $82,005 @ 7.0% cap · market cap 17.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Explore this area
Business Placement
Demographics for 44256, OH
64,815
Population
26,740
Households
2.4
Avg Household Size
43
Median Age
42%
College-Educated
96%
High-School Grad
130.8 sq mi
ZIP Area
496
Density / Sq Mi
$100,345
Median Household Income
$55,180
Median Earnings
$1,120
Median Rent
$292,000
Median Home Value
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 - Fully updated duplex offers two rental units, laundry hookups, and brand-new major systems, plus an outbuilding on 1.98 acres.
Where is this duplex located?
The property is located at 5870 Wolff Road Medina, OH.
What is the asking price?
The asking price for this property is $479,900.
What are key features of this property?
This property features: Fully updated duplex on 1.98 acres (year built 1960) with two separate rental units; Up unit: 3 bed, 2 bath, with in‑unit laundry hookups; Down unit: 2 bed, 2 bath, with in‑unit laundry hookups
