Duplex with
New
For Sale
$325,000
160 -162 Heritage Lane, Cortland, OH 44410
ResidentialIncome, Cortland, OH
Property Size3,258 SF
Lot Size0.46 Acres
Price / SF$99.75
Days on Market5
Property Features for 160 -162 Heritage Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Basement, Bedroom 4, Bathroom 1, Bedroom 5, Bedroom 6, Bedroom 1, Bathroom 2, Bathroom 3, Bedroom 2, Bedroom 3
Parking features
Driveway, Open, Garage
Interior features
NaturalWoodwork
Appliances
Dryer, Dishwasher, Range, Refrigerator, Washer
Subdivision
Heritage Heights
Elementary school district
Lakeview LSD - 7812
Middle school district
Lakeview LSD - 7812
High school district
Lakeview LSD - 7812
Directions
E. Main St. To left on Heritage Ln. - duplex on right side
Standard status
Active
APN
34-001280
Size
3,258 SF
Lot size
0.46 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
17 78.41F HERITAGE HTS 2 HERITAGE LANE
Tax Annual Amount
4638
Legal Description
17 78.41F HERITAGE HTS 2 HERITAGE LANE
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1981
Floors in Building
1
Building materials
Brick, WoodSiding
Roof type
Asphalt, Fiberglass
Listing Agency:
CENTURY 21 Lakeside Realty · Century 21 Real Estate
(234) 806-0004
Listed By:
Melissa M Parker · License #2013000699
(330) 219-7929
Added: Oct 19
Changed: Oct 23
Last Checked: Oct 23 at 1:06PM
MLS# 5254532
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.
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Investment Insights
Based on property information with market context.
This 1981 duplex contains 3,258 square feet across two residences with matching layouts. Each has two first-floor bedrooms and a living room with natural woodwork. At 162 Heritage Lane, the basement includes a kitchenette, full bath, and recreation room, with potential for another bedroom. French doors connect the eat-in kitchen to a three-season sunroom. The other residence has an oversized, partially covered deck. Laundry is available beside the primary bedroom in one unit, with an additional basement hookup. The property sits on 0.4568 acres and includes garage, driveway, and open parking. Public water and sewer serve the site.
Reported improvements include a 2023 furnace and 2016 hot water tank at 160 Heritage Lane, and a 2022 furnace and 2019 hot water tank at 162 Heritage Lane. The roof is estimated to be 5–8 years old. Central air conditioning was installed in 2014 at 160 Heritage Lane. Updates are approximate.
Reported improvements include a 2023 furnace and 2016 hot water tank at 160 Heritage Lane, and a 2022 furnace and 2019 hot water tank at 162 Heritage Lane. The roof is estimated to be 5–8 years old. Central air conditioning was installed in 2014 at 160 Heritage Lane. Updates are approximate.
Key Highlights
- Two‑residence duplex with 3,258 square feet on 0.4568 acres
- Both residences have two first‑floor bedrooms and matching layouts
- Basement at 162 Heritage Lane includes a kitchenette, full bath, and recreation room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,868
Cap Rate
8.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$537,360
$537.4K
Cap Rate 7%
$383,829
$383.8K
Cap Rate 9%
$298,533
$298.5K
Market Conditions
NOI Build-Up for 3,258 SF
Gross rent
$41.1K $12.60/SF
− Vacancy
−$2.7K −$0.82/SF
EGI
$38.4K $11.78/SF
− OpEx
−$11.5K −$3.53/SF
NOI
$26.9K $8.25/SF
Area
Trumbull County, OH
Vacancy
6.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$537,360
Cap Rate 7%
$383,829
Cap Rate 9%
$298,533
Alternative Uses
Best Use
Multifamily LT 5
$383.8K
$335.9K – $447.8K
NOI $26,868 @ 7.0% cap · market cap 8.27%
Second Best
Apartment 5plus
$355.9K
$311.4K – $415.2K
NOI $24,914 @ 7.0% cap · market cap 7.67%
Theoretical Best
Office A
$618.4K
$541.1K – $721.5K
NOI $43,287 @ 7.0% cap · market cap 13.32%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
145
Businesses Nearby
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Business Placement
Demographics for 44410, OH
16,824
Population
7,948
Households
2.1
Avg Household Size
49
Median Age
29%
College-Educated
95%
High-School Grad
65.4 sq mi
ZIP Area
257
Density / Sq Mi
$63,158
Median Household Income
$45,447
Median Earnings
$762
Median Rent
$174,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two matching residences offer first-floor bedrooms, additional basement living space, and separate outdoor areas.
Where is this duplex located?
The property is located at 160 -162 Heritage Lane Cortland, OH.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two‑residence duplex with 3,258 square feet on 0.4568 acres; Both residences have two first‑floor bedrooms and matching layouts; Basement at 162 Heritage Lane includes a kitchenette, full bath, and recreation room
