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Three-Unit Income Triplex
For Sale
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1508 Stewart Ave, Youngstown, OH 44505

Triplex for sale with reported $46,500 gross income and approximately $40,000 net income after expenses.

Property SizeContact for details
Days on Market121

Property Features for 1508 Stewart Ave

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Multifamily Units 7
Listing Agency: Marcus & Millichap - Orange County
Listed By: Gil Corber · License #CA 01378982
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 21 at 3:37PM

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 Marcus & Millichap - Orange County

Investment Insights

Based on property information with market context.

This for-sale three-unit income triplex is presented with reported annual figures of $46,500 gross income, $4,000 for insurance and taxes, $3,000 for repairs, resulting in approximately $40,000 net income. Public remarks also note that the package includes multiple units with the rents listed in the offer materials.

According to the rent breakdown in the remarks, the package includes units described with rents of $600 (market), $550 (market), $650 (market), $525 (market), $455 for a Sec 8 triplex unit, and $545 (market) plus another unit noted as Sec 8 with the third unit listed as vacant.

The property is listed at 1508 Stewart Ave, Youngstown, OH 44505.

Key Highlights

  • Reported gross income of $46,500 with approximately $40,000 net income after expenses.
  • Expense details reported: $4,000 Insurance & Taxes and $3,000 Repairs.
  • Income package includes 1508 Stewart rent at $600 (market rent listed as $800).

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Law Firm HVAC Service Electrical Service Spa & Massage Center Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

7
Residential units

Location Intelligence

Trade Area within ½ mile

87
Businesses Nearby

Demographics for 44505, OH

17,048
Population
7,524
Households
2.3
Avg Household Size
39
Median Age
17%
College-Educated
86%
High-School Grad
18.0 sq mi
ZIP Area
947
Density / Sq Mi
$36,480
Median Household Income
$28,270
Median Earnings
$644
Median Rent
$82,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Triplex for sale with reported $46,500 gross income and approximately $40,000 net income after expenses.
Where is this triplex located?
The property is located at 1508 Stewart Ave Youngstown, OH.
What are key features of this property?
This property features: Reported gross income of $46,500 with approximately $40,000 net income after expenses.; Expense details reported: $4,000 Insurance & Taxes and $3,000 Repairs.; Income package includes 1508 Stewart rent at $600 (market rent listed as $800).
(310) 367-7611 Call to check price and availability
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