Updated Quadplex with Private
New
For Sale
$359,000
150 Washington Blvd, Youngstown, OH 44512
Four-unit multifamily property with recent unit updates, private vehicle storage, and shared on-site laundry facilities.
Property Size3,840 SF
Price / SF$93.49
Days on Market7
Property Features for 150 Washington Blvd
General Information
Standard status
Active
Size
3,840 SF
Total Parking Spaces
4
Property subtype
Residential Income
Units
Multifamily Units
4
Parking per Unit
1
Taxes and HOA fees
Annual Taxes
$3,898
Amenities
on-site coin-operated washer and dryer
Building Details
Buildings
1
Listing Agency:
CENTURY 21 Lakeside Realty
(330) 565-1085
Listed By:
Dawn R Nicholas · License #C2001014344
(330) 565-1085
Source:
Exprealty
Added: Aug 6
Changed: Aug 12
Last Checked: Aug 12 at 11:19AM
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 CENTURY 21 Lakeside Realty
Investment Insights
Based on property information with market context.
This 3,840-square-foot quadplex includes four residential units, with three updated within the past year. The fourth unit provides room for additional improvements. Each residence includes a private enclosed carport with space for one vehicle; the structures are enclosed on all sides and can function as garages with the addition of garage doors. An on-site coin-operated washer and dryer provides shared laundry access and an additional operating feature for the property.
The property is located near major hospitals, shopping, restaurants, and major roadways in Youngstown, Ohio. The combination of four units, recent updates, private carports, and shared laundry creates a practical multifamily configuration for continued ownership.
The property is located near major hospitals, shopping, restaurants, and major roadways in Youngstown, Ohio. The combination of four units, recent updates, private carports, and shared laundry creates a practical multifamily configuration for continued ownership.
Key Highlights
- 3,840‑square‑foot quadplex with four residential units
- Three of four units updated within the past year
- Each unit has a private enclosed carport with space for one vehicle
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
$25,860
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
7.20%
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%
$517,200
$517.2K
Cap Rate 7%
$369,429
$369.4K
Cap Rate 9%
$287,333
$287.3K
Market Conditions
NOI Build-Up for 3,840 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
$39.2K $10.20/SF
− Vacancy
−$2.2K −$0.58/SF
EGI
$36.9K $9.62/SF
− OpEx
−$11.1K −$2.89/SF
NOI
$25.9K $6.73/SF
Area
Mahoning County, OH
Vacancy
5.68%
Lease Rate
$10.20 /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%
$517,200
Cap Rate 7%
$369,429
Cap Rate 9%
$287,333
Alternative Uses
Best Use
Multifamily LT 5
$369.4K
$323.3K – $431.0K
NOI $25,860 @ 7.0% cap · market cap 7.20%
Second Best
Apartment 5plus
$340.4K
$297.9K – $397.1K
NOI $23,828 @ 7.0% cap · market cap 6.64%
Theoretical Best
Office A
$724.6K
$634.1K – $845.4K
NOI $50,725 @ 7.0% cap · market cap 14.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
592
Businesses Nearby
Explore this area
Business Placement
Demographics for 44512, OH
33,282
Population
15,770
Households
2.1
Avg Household Size
44
Median Age
35%
College-Educated
94%
High-School Grad
17.0 sq mi
ZIP Area
1,958
Density / Sq Mi
$62,311
Median Household Income
$38,828
Median Earnings
$788
Median Rent
$158,800
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?
Quadplex - Four-unit multifamily property with recent unit updates, private vehicle storage, and shared on-site laundry facilities.
Where is this quadplex located?
The property is located at 150 Washington Blvd Youngstown, OH.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: 3,840‑square‑foot quadplex with four residential units; Three of four units updated within the past year; Each unit has a private enclosed carport with space for one vehicle
