Quadplex with Off-Street
For Sale
$250,000
Pending
1517 Whitehall Boulevard, Kent, OH 44240
The property includes central air, gas forced-air heating, and a paved parking area.
Property Size1,488 SF
Days on Market42
Property Features for 1517 Whitehall Boulevard
General Information
Standard status
Pending
Size
1,488 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$2,790
Amenities
Central Air
Natural Gas, Forced Air
Dryer, Dishwasher, Range, Refrigerator
Breakfast Bar, Entrance Foyer, Eat-in Kitchen, See Remarks
Partial, Privacy, See Remarks
Additional Parking, Off Street, Paved, Parking Lot
Balcony, Courtyard, Lighting, Private Entrance, Uncovered Courtyard
Building Details
Year Built
1991
Buildings
8
Stories
2
Listing Agency:
Chervenic Realty Inc
Listed By:
Lesa Lillibridge · License #2010003459
(330) 620-5372
Source:
Evrealestate
Added: Sep 5
Changed: Oct 15
Last Checked: Oct 14 at 10:59PM
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 Chervenic Realty Inc
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Investment Insights
Based on property information with market context.
This 1,488-square-foot quadplex was built in 1991 and features central air conditioning and natural gas forced-air heat. The kitchen includes a breakfast bar and eat-in area, with a range, refrigerator, dishwasher, and dryer among the listed appliances. Additional interior features include an entrance foyer.
Exterior amenities include off-street paved parking, balconies, lighting, private entrances, and an uncovered courtyard. The property is located at 1517 Whitehall Boulevard in Kent, Ohio.
Exterior amenities include off-street paved parking, balconies, lighting, private entrances, and an uncovered courtyard. The property is located at 1517 Whitehall Boulevard in Kent, Ohio.
Key Highlights
- 1,488 SF quadplex built in 1991
- Central air and natural gas forced‑air heating
- Kitchen features a breakfast bar and eat‑in area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,953
Cap Rate
5.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$259,060
$259.1K
Cap Rate 7%
$185,043
$185.0K
Cap Rate 9%
$143,922
$143.9K
Market Conditions
NOI Build-Up for 1,488 SF
Gross rent
$19.6K $13.20/SF
− Vacancy
−$1.1K −$0.76/SF
EGI
$18.5K $12.44/SF
− OpEx
−$5.6K −$3.73/SF
NOI
$13.0K $8.71/SF
Area
Portage County, OH
Vacancy
5.79%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$259,060
Cap Rate 7%
$185,043
Cap Rate 9%
$143,922
Alternative Uses
Best Use
Multifamily LT 5
$185.0K
$161.9K – $215.9K
NOI $12,953 @ 7.0% cap · market cap 5.18%
Second Best
Apartment 5plus
$171.3K
$149.9K – $199.8K
NOI $11,988 @ 7.0% cap · market cap 4.80%
Theoretical Best
Office A
$299.7K
$262.3K – $349.7K
NOI $20,981 @ 7.0% cap · market cap 8.39%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
119
Businesses Nearby
Explore this area
Business Placement
Demographics for 44240, OH
38,354
Population
20,228
Households
1.9
Avg Household Size
32
Median Age
44%
College-Educated
96%
High-School Grad
39.7 sq mi
ZIP Area
966
Density / Sq Mi
$57,415
Median Household Income
$31,613
Median Earnings
$989
Median Rent
$216,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - The property includes central air, gas forced-air heating, and a paved parking area.
Where is this quadplex located?
The property is located at 1517 Whitehall Boulevard Kent, OH.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 1,488 SF quadplex built in 1991; Central air and natural gas forced‑air heating; Kitchen features a breakfast bar and eat‑in area
