Side-by-Side
For Sale
$314,900
4788 Sunnybrook Rd, Kent, OH 44240
Two residential units offer flexible lower-level space, rear decks, and separate tenant-paid utilities.
Property Size3,584 SF
Lot Size1.72 Acres
Price / SF$87.86
Days on Market50
Property Features for 4788 Sunnybrook Rd
General Information
Standard status
Active
Size
3,584 SF
Lot size
1.72 Acres
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
1993
Buildings
1
Listing Agency:
Jack Kohl Realty
Listed By:
Ryan Poland · License #2013004630
(330) 296-9997
Source:
Theacclaimedrealty
Added: Jul 30
Changed: Sep 10
Last Checked: Sep 15 at 9:25PM
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 Jack Kohl Realty
Investment Insights
Based on property information with market context.
This side-by-side duplex contains 3,584 square feet of living space on 1.72 acres. Each unit includes 3 bedrooms, 2 full bathrooms, rear deck access, and a walk-out lower level with the option for a 4th bedroom and in-suite laundry. The property has a strong rental history, and the units may also support per-bedroom student rentals. Tenants are responsible for gas, electric, trash, and recycling.
Recent improvements include a freshly painted exterior, a 4-year-old septic system, and an 8-year-old roof. The property is located at 4788 Sunnybrook Rd in Brimfield Township, just outside the city limits, and is minutes from Kent State University, Downtown Kent, NEOMED, The University of Akron, shopping, restaurants, breweries, parks, trails, and major highways.
Recent improvements include a freshly painted exterior, a 4-year-old septic system, and an 8-year-old roof. The property is located at 4788 Sunnybrook Rd in Brimfield Township, just outside the city limits, and is minutes from Kent State University, Downtown Kent, NEOMED, The University of Akron, shopping, restaurants, breweries, parks, trails, and major highways.
Key Highlights
- 3,584‑square‑foot side‑by‑side duplex on 1.72 acres
- Each unit has 3 bedrooms, 2 full bathrooms, a rear deck, and a walk‑out lower level
- Option for a 4th bedroom and in‑suite laundry in each lower level
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
$28,875
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
9.17%
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%
$577,500
$577.5K
Cap Rate 7%
$412,500
$412.5K
Cap Rate 9%
$320,833
$320.8K
Market Conditions
NOI Build-Up for 3,584 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
$55.9K $15.60/SF
− Vacancy
−$3.4K −$0.95/SF
EGI
$52.5K $14.65/SF
− OpEx
−$23.6K −$6.59/SF
NOI
$28.9K $8.06/SF
Area
Portage County, OH
Vacancy
6.10%
Lease Rate
$15.60 /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%
$577,500
Cap Rate 7%
$412,500
Cap Rate 9%
$320,833
Alternative Uses
Best Use
Multifamily LT 5
$445.7K
$390.0K – $520.0K
NOI $31,199 @ 7.0% cap · market cap 9.91%
Second Best
Apartment 5plus
$412.5K
$360.9K – $481.3K
NOI $28,875 @ 7.0% cap · market cap 9.17%
Theoretical Best
Office A
$721.9K
$631.7K – $842.2K
NOI $50,534 @ 7.0% cap · market cap 16.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
Explore this area
Business Placement
Demographics for 44240, OH
38,354
Population
20,228
Households
1.9
Avg Household Size
32
Median Age
44%
College-Educated
96%
High-School Grad
39.7 sq mi
ZIP Area
966
Density / Sq Mi
$57,415
Median Household Income
$31,613
Median Earnings
$989
Median Rent
$216,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer flexible lower-level space, rear decks, and separate tenant-paid utilities.
Where is this duplex located?
The property is located at 4788 Sunnybrook Rd Kent, OH.
What is the asking price?
The asking price for this property is $314,900.
What are key features of this property?
This property features: 3,584‑square‑foot side‑by‑side duplex on 1.72 acres; Each unit has 3 bedrooms, 2 full bathrooms, a rear deck, and a walk‑out lower level; Option for a 4th bedroom and in‑suite laundry in each lower level
