Duplex with
New
For Sale
$165,000
1489 Randolph Road, Mogadore, OH 44260
ResidentialIncome, Mogadore, OH
Property Size1,754 SF
Lot Size1.72 Acres
Price / SF$94.07
Days on Market3
Property Features for 1489 Randolph Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 2, Basement, Laundry Room, Bedroom 4, Bathroom 1
Parking features
Driveway, Garage, Paved or Surfaced
Elementary school district
Field LSD - 6703
Middle school district
Field LSD - 6703
High school district
Field LSD - 6703
Directions
State Route 43 to Randolph Rd
Standard status
Active
APN
36-024-00-00-013-000
Size
1,754 SF
Lot size
1.72 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 24 SE & 25 SE
Tax Annual Amount
2014
Legal Description
LOT 24 SE & 25 SE
Utilities
Sewer type
Septic Tank
Heating system
Oil, Forced Air
Water source
Well
Building Details
Year built
1825
Floors in Building
3
Building materials
AluminumSiding
Roof type
Fiberglass, Asphalt
Listing Agency:
Berkshire Hathaway HomeServices Stouffer Realty
(330) 677-3430
Listed By:
Jennifer M Filipczak-Turner · License #2008002967
(330) 554-6507
Added: Sep 3
Changed: Sep 5
Last Checked: Sep 5 at 7:06PM
MLS# 5242638
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 duplex offers 1,754 square feet across two residential units on a 1.72-acre parcel. The upper residence is described as clean and ready for occupancy or leasing, while the lower unit received updates before the current tenant moved in. That tenant is on a month-to-month lease.
The property includes four bedrooms, two bathrooms, a basement, laundry room, driveway parking, and a garage. Aluminum siding, fiberglass and asphalt roofing, oil-fired forced-air heat, a private well, and septic service are present. Built in 1825, the property is located at 1489 Randolph Road in Mogadore, Ohio.
The property includes four bedrooms, two bathrooms, a basement, laundry room, driveway parking, and a garage. Aluminum siding, fiberglass and asphalt roofing, oil-fired forced-air heat, a private well, and septic service are present. Built in 1825, the property is located at 1489 Randolph Road in Mogadore, Ohio.
Key Highlights
- Two‑unit duplex with 1,754 square feet of property size
- 1.72‑acre parcel at 1489 Randolph Road, Mogadore, OH 44260
- Upper unit is clean and ready for occupancy or leasing
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
Property Profile
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit layout with a lease-ready upper residence and month-to-month occupancy below.
Where is this duplex located?
The property is located at 1489 Randolph Road 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 with 1,754 square feet of property size; 1.72‑acre parcel at 1489 Randolph Road, Mogadore, OH 44260; Upper unit is clean and ready for occupancy or leasing
