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Three-Unit Residential Income Property

145 S Lakeview Avenue Youngstown, OH 44509

Claim this Listing
For Sale
$139,900

MULTI_FAMILY - Youngstown, OH

Property size:
1,788 SF
Lot size:
0.14 Acres
Price / SF:
$78/SF
Added:
May 23, 2026
Days on Market:
50
Last Refresh:
Jul 11 at 8:06 am

Property Features for 145 S Lakeview Avenue

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
3
Rooms
Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 1, Bathroom 3
Standard status
Active
APN
53-068-0-246.00-0
Size
1,788 SF
Lot size
0.14 Acres

Taxes and HOA fees

Tax Year
2025
Tax Description
LOT 17666 40 X 150 LAKEVIEW
Tax Annual Amount
810

Utilities

Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Window Unit(s)
Water source
Public

Building Details

Year built
1925
Floors in Building
2
Building materials
AluminumSiding
Roof type
Asphalt, Fiberglass

Listing agent Theresa Robin License #2023000415

Listing office Kelly Warren and Associates RE Solutions 755 Boardman Canfield H1, Boardman, OH

Listing date May 23, 2026

MLS# 5212060 Listing URL

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 three-unit residential income property is offered in turn-key condition, with the bottom unit completely updated from top to bottom. The building includes separate utilities, supporting individual tenant management. Major improvements reported include furnace replacements for all three units in 2024, installation of a brand-new main water line, and a full, comprehensive electrical update across the property.

The property is located at 145 S Lakeview Avenue in Youngstown, Ohio 44509 (Mahoning County). With recent capital work completed and utility separation in place, the building is positioned for lower day-to-day maintenance relative to a typical older multi-family asset.

Additional details provided include a property size of 1,788 square feet on a 0.138-acre lot. Schedule a showing to review the updates and confirm current unit condition and configuration.

Key Highlights

  • 3‑unit residential income property built in 1925
  • Bottom unit updated with modern finishes and ready for immediate occupancy
  • Furnaces replaced in 2024 (all three furnaces)

Local 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 $18.2k $10.20
− Vacancy −$1.0k −$0.58
EGI $17.2k $9.62
− OpEx −$5.2k −$2.89
NOI $12.0k $6.73
1,788 SF · lease $10.20/SF/yr · vacancy 5.68% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$172.0K
$150.5K – $200.7K (±1% cap)
NOI $12,041 @ 7.0% cap · market cap 8.61%
Second Best
Apartment 5plus
$158.5K
$138.7K – $184.9K (±1% cap)
NOI $11,095 @ 7.0% cap · market cap 7.93%
Theoretical Best
Office A
$337.4K
$295.2K – $393.7K (±1% cap)
NOI $23,619 @ 7.0% cap · market cap 16.88%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Real Estate Agency Law Firm Dental Office Skin Care Clinic Parking Lot & Garage Gym & Fitness Center Accounting Firm Barber Shop (Bike/Boat/Book/etc) Store Grocery & Convenience Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Triplex - Three-unit income property with separate utilities and major 2024-to-recent updates including new furnaces, water line, and electrical system.
Where is this triplex located?
The property is located at 145 S Lakeview Avenue Youngstown, OH.
What is the asking price?
The asking price for this property is $139,900.
What are key features of this property?
This property features: 3‑unit residential income property built in 1925; Bottom unit updated with modern finishes and ready for immediate occupancy; Furnaces replaced in 2024 (all three furnaces)
Contact an agent
More about this property
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