Two-Unit Duplex with Finished
New
For Sale
$279,900
1333-1331 Stewart Rd. N, Mansfield, OH 44905
Both residences have two bedrooms, a full bathroom, a living room, and a kitchen.
Property Size2,000 SF
Price / SF$139.95
Days on Market7
Property Features for 1333-1331 Stewart Rd. N
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,261
Listing Agency:
The Holden Agency
(419) 525-5525
Listed By:
Peter Kenyon
(419) 612-6372
Source:
Exprealty
Added: Oct 15
Changed: Oct 21
Last Checked: Oct 21 at 2:30AM
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 The Holden Agency
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Configured as a duplex, the property contains two residences, each with two bedrooms, one full bathroom, a living room, and a kitchen. One unit includes a finished basement. Both residences have updated paint and flooring, and a new roof was installed in 2025.
The property was most recently used as a primary residence. Its two-unit layout and separate living spaces remain the defining features of the asset.
The property was most recently used as a primary residence. Its two-unit layout and separate living spaces remain the defining features of the asset.
Key Highlights
- Two units, each with 2 bedrooms and 1 full bathroom
- One unit includes a finished basement
- Both units have updated paint and flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,619
Cap Rate
5.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$332,380
$332.4K
Cap Rate 7%
$237,414
$237.4K
Cap Rate 9%
$184,656
$184.7K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$25.2K $12.60/SF
− Vacancy
−$1.5K −$0.73/SF
EGI
$23.7K $11.87/SF
− OpEx
−$7.1K −$3.56/SF
NOI
$16.6K $8.31/SF
Area
Richland County, OH
Vacancy
5.79%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$332,380
Cap Rate 7%
$237,414
Cap Rate 9%
$184,656
Alternative Uses
Best Use
Multifamily LT 5
$237.4K
$207.7K – $277.0K
NOI $16,619 @ 7.0% cap · market cap 5.94%
Second Best
Apartment 5plus
$212.5K
$185.9K – $247.9K
NOI $14,874 @ 7.0% cap · market cap 5.31%
Theoretical Best
Office A
$402.4K
$352.1K – $469.4K
NOI $28,166 @ 7.0% cap · market cap 10.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
25
Businesses Nearby
Explore this area
Business Placement
Demographics for 44905, OH
16,827
Population
5,227
Households
3.2
Avg Household Size
39
Median Age
6%
College-Educated
82%
High-School Grad
12.8 sq mi
ZIP Area
1,315
Density / Sq Mi
$55,716
Median Household Income
$34,765
Median Earnings
$859
Median Rent
$111,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have two bedrooms, a full bathroom, a living room, and a kitchen.
Where is this duplex located?
The property is located at 1333-1331 Stewart Rd. N Mansfield, OH.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 full bathroom; One unit includes a finished basement; Both units have updated paint and flooring
