Brick Triplex with Attached
For Sale
$275,000
134-136 Brookfield Street, Louisville, OH 44641
ResidentialIncome, Louisville, OH
Property Size2,500 SF
Lot Size0.43 Acres
Price / SF$110
Days on Market56
Property Features for 134-136 Brookfield Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Laundry Room, Basement, Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 3
Parking features
Driveway, Garage
Appliances
Range, Refrigerator
Subdivision
Louisville
Elementary school district
Louisville CSD - 7607
Middle school district
Louisville CSD - 7607
High school district
Louisville CSD - 7607
Directions
271S to exit 18A, take exit 107B toward Alliance, Rt onto California Ave, Left onto Reno Dr, RT onto N Chapel St, Left Onto E Main St, RT onto BBrookfield St.
Standard status
Active
APN
03603123
Size
2,500 SF
Lot size
0.43 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
2309 WH
Tax Annual Amount
3030
Legal Description
2309 WH
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
private patio
oversized deck
sun porch
storage shed
Building Details
Year built
1974
Floors in Building
2
Building materials
Brick
Roof type
Asphalt, Fiberglass
Listing Agency:
Keller Williams Living · Keller Williams Realty
(440) 318-1620
Listed By:
Tera Somogyi · License #2020005466
(561) 901-9331
Added: Jul 2
Changed: Aug 20
Last Checked: Aug 26 at 9:06PM
MLS# 5224142
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This brick triplex in Louisville, Ohio, contains 2,500 square feet across three separate residential units: two two-bedroom units and one one-bedroom unit. The property includes three entrances, two attached garages, driveway parking, and additional off-street parking. Built in 1974, the building has forced-air natural gas heat, central air, public water, and public sewer.
Recent improvements include a waterproofing system, new sump pump, and new storm doors. Outdoor features include a private patio, oversized deck, sun porch, and storage shed on the 0.4316-acre lot. Interior amenities include laundry and three bathrooms, while the units are equipped with ranges and refrigerators.
Recent improvements include a waterproofing system, new sump pump, and new storm doors. Outdoor features include a private patio, oversized deck, sun porch, and storage shed on the 0.4316-acre lot. Interior amenities include laundry and three bathrooms, while the units are equipped with ranges and refrigerators.
Key Highlights
- Three‑unit configuration with two 2‑bedroom units and one 1‑bedroom unit
- 2,500 square feet on a 0.4316‑acre lot
- Two separate attached garages plus driveway and off‑street parking
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
$20,912
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
7.60%
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%
$418,240
$418.2K
Cap Rate 7%
$298,743
$298.7K
Cap Rate 9%
$232,356
$232.4K
Market Conditions
NOI Build-Up for 2,500 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
$30.9K $12.36/SF
− Vacancy
−$1.0K −$0.41/SF
EGI
$29.9K $11.95/SF
− OpEx
−$9.0K −$3.58/SF
NOI
$20.9K $8.36/SF
Area
Stark County, OH
Vacancy
3.32%
Lease Rate
$12.36 /SF/Yr
Expense Ratio
30.00%
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%
$418,240
Cap Rate 7%
$298,743
Cap Rate 9%
$232,356
Alternative Uses
Best Use
Multifamily LT 5
$298.7K
$261.4K – $348.5K
NOI $20,912 @ 7.0% cap · market cap 7.60%
Second Best
Apartment 5plus
$261.6K
$228.9K – $305.2K
NOI $18,311 @ 7.0% cap · market cap 6.66%
Theoretical Best
Retail
$652.7K
$571.1K – $761.5K
NOI $45,691 @ 7.0% cap · market cap 16.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
40
Businesses Nearby
Explore this area
Business Placement
Demographics for 44641, OH
20,399
Population
8,412
Households
2.4
Avg Household Size
44
Median Age
25%
College-Educated
96%
High-School Grad
54.9 sq mi
ZIP Area
372
Density / Sq Mi
$78,128
Median Household Income
$42,035
Median Earnings
$834
Median Rent
$199,300
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?
Triplex - Three distinct residential units offer separate entrances, outdoor amenities, and additional off-street parking.
Where is this triplex located?
The property is located at 134-136 Brookfield Street Louisville, OH.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Three‑unit configuration with two 2‑bedroom units and one 1‑bedroom unit; 2,500 square feet on a 0.4316‑acre lot; Two separate attached garages plus driveway and off‑street parking
