Updated Two-Unit
For Sale
$249,900
Pending
1660-1664 Bailey Road, Cuyahoga Falls, OH 44221
Both residences are leased, with off-street parking and a separate storage shed.
Property Size1,824 SF
Days on Market12
Property Features for 1660-1664 Bailey Road
General Information
Standard status
Pending
Size
1,824 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$3,659
Amenities
true
2
false
4
In Unit
1824
Assessor
Public
0.1561
Driveway,Off Street,Parking Lot
1
Building Details
Building Size
1,824 SF
Year Built
1953
Stories
2
Listing Agency:
Keller Williams Chervenic Rlty
(304) 501-5212
Listed By:
Patrick Lucey
Source:
Karenullomrealty
Added: Oct 21
Changed: Oct 31
Last Checked: Oct 31 at 3:31AM
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 Keller Williams Chervenic Rlty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,824-square-foot duplex contains two updated residences, both currently leased. Built in 1953, the property also includes off-street parking and a storage shed. The owner pays for trash service.
The duplex is in Cuyahoga Falls, near parks, dining, entertainment, and everyday amenities. Its two-unit configuration and existing leases provide a straightforward residential rental setup.
The duplex is in Cuyahoga Falls, near parks, dining, entertainment, and everyday amenities. Its two-unit configuration and existing leases provide a straightforward residential rental setup.
Key Highlights
- Two updated residences, both currently leased
- 1,824 square feet; built in 1953
- Off‑street parking and a storage shed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,704
Cap Rate
6.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$334,080
$334.1K
Cap Rate 7%
$238,629
$238.6K
Cap Rate 9%
$185,600
$185.6K
Market Conditions
NOI Build-Up for 1,824 SF
Gross rent
$25.2K $13.80/SF
− Vacancy
−$1.3K −$0.72/SF
EGI
$23.9K $13.08/SF
− OpEx
−$7.2K −$3.92/SF
NOI
$16.7K $9.16/SF
Area
Summit County, OH
Vacancy
5.20%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$334,080
Cap Rate 7%
$238,629
Cap Rate 9%
$185,600
Alternative Uses
Best Use
Multifamily LT 5
$238.6K
$208.8K – $278.4K
NOI $16,704 @ 7.0% cap · market cap 6.68%
Second Best
Apartment 5plus
$208.9K
$182.8K – $243.7K
NOI $14,623 @ 7.0% cap · market cap 5.85%
Theoretical Best
Office A
$447.6K
$391.7K – $522.2K
NOI $31,334 @ 7.0% cap · market cap 12.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
295
Businesses Nearby
Explore this area
Business Placement
Demographics for 44221, OH
29,601
Population
14,379
Households
2.1
Avg Household Size
39
Median Age
31%
College-Educated
93%
High-School Grad
6.4 sq mi
ZIP Area
4,625
Density / Sq Mi
$61,893
Median Household Income
$40,060
Median Earnings
$1,026
Median Rent
$160,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are leased, with off-street parking and a separate storage shed.
Where is this duplex located?
The property is located at 1660-1664 Bailey Road Cuyahoga Falls, OH.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Two updated residences, both currently leased; 1,824 square feet; built in 1953; Off‑street parking and a storage shed
