Two-Unit Duplex with Full
For Sale
$169,900
82-84 18th St SW, Barberton, OH 44203
Two residential units offer separate utilities, private basement access, and flexible month-to-month occupancy.
Property Size1,840 SF
Price / SF$92.34
Days on Market20
Property Features for 82-84 18th St SW
General Information
Standard status
Active
Size
1,840 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Parking per Unit
2
Additional Details
Utilities to Site
Yes
Amenities
laundry areas
backyard
Building Details
Year Built
1924
Buildings
1
Listing Agency:
Helen Scott Realty LLC
(330) 753-5555
Listed By:
Debra G Shreiner
Source:
Groganzeiger
Added: Aug 11
Changed: Aug 29
Last Checked: Aug 29 at 2:59PM
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 Helen Scott Realty LLC
Investment Insights
Based on property information with market context.
Built in 1924, this 1,840-square-foot duplex contains two residential units, each with 2 bedrooms and 1 bathroom. Both sides include access to a full basement with glass block windows and separately locked laundry areas. The property also features separate utilities paid by the tenants, an asphalt driveway, and two parking spaces assigned to each unit.
Outside, the backyard is partially fenced. Tenancies are month-to-month, while the seller currently handles taxes, insurance, and upkeep. The configuration supports continued rental use or an owner-occupant arrangement with separate living space on the other side.
Outside, the backyard is partially fenced. Tenancies are month-to-month, while the seller currently handles taxes, insurance, and upkeep. The configuration supports continued rental use or an owner-occupant arrangement with separate living space on the other side.
Key Highlights
- Two‑unit duplex totaling 1,840 square feet
- Each unit has 2 bedrooms and 1 bathroom
- Full basement with glass block windows and separate locked laundry areas
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
$14,752
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
8.68%
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%
$295,040
$295.0K
Cap Rate 7%
$210,743
$210.7K
Cap Rate 9%
$163,911
$163.9K
Market Conditions
NOI Build-Up for 1,840 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
$28.3K $15.36/SF
− Vacancy
−$1.4K −$0.78/SF
EGI
$26.8K $14.58/SF
− OpEx
−$12.1K −$6.56/SF
NOI
$14.8K $8.02/SF
Area
Summit County, OH
Vacancy
5.10%
Lease Rate
$15.36 /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%
$295,040
Cap Rate 7%
$210,743
Cap Rate 9%
$163,911
Alternative Uses
Best Use
Multifamily LT 5
$240.7K
$210.6K – $280.8K
NOI $16,850 @ 7.0% cap · market cap 9.92%
Second Best
Apartment 5plus
$210.7K
$184.4K – $245.9K
NOI $14,752 @ 7.0% cap · market cap 8.68%
Theoretical Best
Office A
$451.6K
$395.1K – $526.8K
NOI $31,609 @ 7.0% cap · market cap 18.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
209
Businesses Nearby
Explore this area
Business Placement
Demographics for 44203, OH
39,577
Population
18,198
Households
2.2
Avg Household Size
43
Median Age
21%
College-Educated
91%
High-School Grad
35.0 sq mi
ZIP Area
1,131
Density / Sq Mi
$59,124
Median Household Income
$36,954
Median Earnings
$832
Median Rent
$148,300
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 - Two residential units offer separate utilities, private basement access, and flexible month-to-month occupancy.
Where is this duplex located?
The property is located at 82-84 18th St SW Barberton, OH.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,840 square feet; Each unit has 2 bedrooms and 1 bathroom; Full basement with glass block windows and separate locked laundry areas
