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    Side-by-Side Duplex Investment Title is generated by Realmo AI

    153/155 W Lisbon Street, Waynesburg, OH 44688

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    Claim this Listing
    New
    For Sale
    $159,900

    MULTI_FAMILY - Waynesburg, OH

    Property size:
    2,800 SF
    Lot size:
    0.20 Acres
    Price / SF:
    $57/SF
    Added:
    Jun 3, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 3 at 2:06 pm

    Property Features for 153/155 W Lisbon Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    6
    Bathrooms
    4
    Rooms
    Bathroom 2, Bathroom 4, Bedroom 5, Bedroom 2, Bedroom 6, Laundry Room, Bedroom 3, Basement, Bedroom 1, Bathroom 1, Bathroom 3, Bedroom 4
    Parking features
    Off Street
    Standard status
    Active
    APN
    06600816
    Size
    2,800 SF
    Lot size
    0.20 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    39 - 147.50'SE
    Tax Annual Amount
    1072

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Cooling system
    Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1850
    Floors in Building
    2
    Building materials
    AluminumSiding
    Roof type
    Asphalt, Fiberglass

    We can help!

    Listing Contact
    Steve Neisel

    Listing agent Steve Neisel License #2003021180

    Listing office Cutler Real Estate 4618 Dressler Rd NW, Canton, OH

    Listing date Jun 3, 2026

    MLS# 5214968 Listing URL

    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.

    HighLights

    • Side‑by‑side duplex in the Sandy Valley Local School District, built in 1850
    • Each unit has approx. 1,400 sq. ft. with a living room, dining room, kitchen, full bath, and laundry area on the first floor
    • Each unit offers 3 bedrooms and another full bathroom upstairs
    • Each side has its own basement access and separate gas forced‑air furnace and hot water tank
    • Utilities are split: tenants pay electric and gas; owner pays water/sewer/trash
    • Public utilities include public water and public sewer; off‑street parking

    Overview

    This side-by-side duplex is a two-unit residential income property designed for independent living. Each unit is described as spacious and includes a living room, dining room, kitchen, a full bathroom, and a laundry area on the first floor, along with three bedrooms and a second full bathroom upstairs. Each side also has its own basement access, with separate gas forced-air heating and separate hot water tanks. Utility billing is split between tenants for electric and gas, while the owner pays for water/sewer/trash, supporting straightforward operating expense management.

    The property is located at 153/155 W Lisbon Street in Waynesburg, Ohio, within the Sandy Valley Local School District. The offering includes good, long-term tenants who want to remain, which may support continuity for an investor looking to add a performing asset to a rental portfolio.

    From a tenant and buyer fit perspective, the duplex layout and separate mechanicals make it well-suited for investors seeking reduce shared-system complexity across units. The current in-place tenancy and the described utility structure can appeal to operators who prefer predictable, unit-by-unit responsibility while maintaining a well-kept property profile.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Hotel & Motel Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Waynesburg
    County
    Stark
    State
    Ohio
    Longitude
    -81.259028
    Latitude
    40.667889

    Nearby Similar for Sale

    • $349,000

      Established Italian Restaurant For Sale

      Turn-key Italian restaurant with real estate, business, and equipment.
      134 W Lisbon Street, Waynesburg, OH 44688
      View Details
    • $1,088,115
      10,363 SF

      Former Rite Aid in Waynesburg

      Freestanding 10,363 SF building on 1.50 acre lot.
      8619 Waynesburg Dr SE, Waynesburg, OH
      View Details

    FAQs

    What type of property is this?
    Duplex - Well-maintained duplex with split utilities and separate systems, offering investor-friendly rental income potential.
    Where is this duplex located?
    The property is located at 153/155 W Lisbon Street Waynesburg, OH.
    What is the asking price?
    The asking price for this property is $159,900.
    What are key features of this property?
    This property features: Side‑by‑side duplex in the Sandy Valley Local School District, built in 1850; Each unit has approx. 1,400 sq. ft. with a living room, dining room, kitchen, full bath, and laundry area on the first floor; Each unit offers 3 bedrooms and another full bathroom upstairs
    (330) 323-4979
    We can help!
    Listing Contact
    Steve Neisel
    Real Estate License ID: 2003021180
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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