Updated Quadplex with Private
For Sale
$359,000
150 Washington Boulevard, 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 Market57
Property Features for 150 Washington Boulevard
General Information
Standard status
Active
Size
3,840 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Units
Multifamily Units
4
Parking per Unit
1
Amenities
on-site coin-operated washer and dryer
Building Details
Year Built
1979
Buildings
1
Listing Agency:
CENTURY 21 Lakeside Realty
Listed By:
Dawn R Nicholas · License #2001014344
(330) 565-1085
Source:
Theacclaimedrealty
Added: Aug 11
Changed: Oct 4
Last Checked: Oct 5 at 9:59PM
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 / Yr
$25,860
Cap Rate
7.20%
Suggested Prices Based on Cap Rates
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
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 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
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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
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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?
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 Boulevard 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
