Acreage Duplex
For Sale
$165,000
1489 Randolph Rd, Mogadore, OH 44260
Two-unit property with an updated lower residence and an upper unit ready for occupancy or leasing.
Property Size1,754 SF
Lot Size1.72 Acres
Price / SF$94.07
Days on Market11
Property Features for 1489 Randolph Rd
General Information
Standard status
Active
Size
1,754 SF
Lot size
1.72 Acres
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,013
Listing Agency:
Berkshire Hathaway HomeServices Stouffer Realty
(330) 677-3430
Listed By:
Jennifer M Filipczak-Turner · License #2008002967
(330) 554-6507
Source:
Exprealty
Added: Sep 4
Changed: Sep 13
Last Checked: Sep 13 at 2:56PM
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 Berkshire Hathaway HomeServices Stouffer Realty
Investment Insights
Based on property information with market context.
This 1,754-square-foot duplex includes two residential units on a 1.72-acre property. The upper unit is described as clean and ready for immediate occupancy or leasing. The lower unit was updated before the current tenant moved in and is occupied under a month-to-month lease.
The property supports both owner-occupancy and continued use as a two-unit residential asset. Its substantial acreage and two-unit configuration provide a distinct physical profile, while the existing lower-unit tenancy and ready upper unit create separate occupancy positions within the building.
The property supports both owner-occupancy and continued use as a two-unit residential asset. Its substantial acreage and two-unit configuration provide a distinct physical profile, while the existing lower-unit tenancy and ready upper unit create separate occupancy positions within the building.
Key Highlights
- Two‑unit duplex configuration
- 1,754 square feet of property size
- Located on 1.72 acres
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
$14,131
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
8.56%
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%
$282,620
$282.6K
Cap Rate 7%
$201,871
$201.9K
Cap Rate 9%
$157,011
$157.0K
Market Conditions
NOI Build-Up for 1,754 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
$27.4K $15.60/SF
− Vacancy
−$1.7K −$0.95/SF
EGI
$25.7K $14.65/SF
− OpEx
−$11.6K −$6.59/SF
NOI
$14.1K $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%
$282,620
Cap Rate 7%
$201,871
Cap Rate 9%
$157,011
Alternative Uses
Best Use
Multifamily LT 5
$218.1K
$190.9K – $254.5K
NOI $15,269 @ 7.0% cap · market cap 9.25%
Second Best
Apartment 5plus
$201.9K
$176.6K – $235.5K
NOI $14,131 @ 7.0% cap · market cap 8.56%
Theoretical Best
Office A
$353.3K
$309.1K – $412.2K
NOI $24,731 @ 7.0% cap · market cap 14.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
Explore this area
Business Placement
Demographics for 44260, OH
13,152
Population
5,429
Households
2.4
Avg Household Size
45
Median Age
26%
College-Educated
93%
High-School Grad
33.0 sq mi
ZIP Area
399
Density / Sq Mi
$75,261
Median Household Income
$45,162
Median Earnings
$951
Median Rent
$191,500
Median Home Value
Check the figures for this property
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-unit property with an updated lower residence and an upper unit ready for occupancy or leasing.
Where is this duplex located?
The property is located at 1489 Randolph Rd Mogadore, OH.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Two‑unit duplex configuration; 1,754 square feet of property size; Located on 1.72 acres
