Four-Unit Residential
For Sale
$489,000
167-173 N Lyman Street, Wadsworth, OH 44281
ResidentialIncome, Wadsworth, OH
Property Size4,236 SF
Lot Size0.28 Acres
Price / SF$115.44
Days on Market49
Property Features for 167-173 N Lyman Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
9
Bathrooms
8
Full bathrooms
8
Half bathrooms
2
Rooms
Bathroom 4, Bathroom 5, Bedroom 9, Bedroom 7, Bathroom 8, Bedroom 5, Basement, Bedroom 3, Bathroom 2, Bathroom 6, Bedroom 1, Bathroom 3, Bedroom 8, Bedroom 6, Bathroom 1, Bedroom 2, Bedroom 4, Bathroom 7
Parking features
Garage
Interior features
CeilingFans
Appliances
Dryer, Dishwasher, Range, Refrigerator, Washer
Elementary school district
Wadsworth CSD - 5207
Middle school district
Wadsworth CSD - 5207
High school district
Wadsworth CSD - 5207
Directions
Road to N. Lyman, past fire station.
Standard status
Active
APN
040-20B-13-290
Size
4,236 SF
Lot size
0.28 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3227
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Ceiling Fan(s), Central Air, Varies by Unit
Water source
Public
Building Details
Year built
1922
Floors in Building
2
Building materials
VinylSiding
Roof type
Asphalt
Buildings
3
Listing Agency:
Keller Williams Citywide · Keller Williams Realty
(440) 892-2211
Listed By:
Gregory Erlanger · License #2004000516
(216) 916-7778
Added: Sep 9
Changed: Oct 23
Last Checked: Oct 27 at 9:06AM
MLS# 5243488
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 four-unit residential property comprises three buildings across two parcels, with two single-family homes and one duplex totaling 4,236 square feet. Three units are tenant-occupied, while the fourth is owner-occupied. The property was built in 1922 and includes garage parking, basements, vinyl siding, asphalt roofing, and a mix of central air, ceiling fans, and unit-specific cooling. Heating is provided by natural gas and forced air.
Located at 167-173 N Lyman Street in Wadsworth, the property is near downtown Wadsworth and its shopping, dining, schools, parks, and everyday amenities. Public water and public sewer serve the site. Appliances include ranges, refrigerators, dishwashers, washers, and dryers.
Located at 167-173 N Lyman Street in Wadsworth, the property is near downtown Wadsworth and its shopping, dining, schools, parks, and everyday amenities. Public water and public sewer serve the site. Appliances include ranges, refrigerators, dishwashers, washers, and dryers.
Key Highlights
- Four total units: two single‑family homes and one duplex
- Three residential buildings situated across two parcels
- 4,236 square feet of total property size
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,395
Cap Rate
7.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$767,900
$767.9K
Cap Rate 7%
$548,500
$548.5K
Cap Rate 9%
$426,611
$426.6K
Market Conditions
NOI Build-Up for 4,236 SF
Gross rent
$58.5K $13.80/SF
− Vacancy
−$3.6K −$0.85/SF
EGI
$54.9K $12.95/SF
− OpEx
−$16.5K −$3.88/SF
NOI
$38.4K $9.06/SF
Area
Medina County, OH
Vacancy
6.17%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$767,900
Cap Rate 7%
$548,500
Cap Rate 9%
$426,611
Alternative Uses
Best Use
Multifamily LT 5
$548.5K
$479.9K – $639.9K
NOI $38,395 @ 7.0% cap · market cap 7.85%
Second Best
Apartment 5plus
$478.0K
$418.3K – $557.7K
NOI $33,460 @ 7.0% cap · market cap 6.84%
Theoretical Best
Specialty Retail
$1.18M
$1.03M – $1.38M
NOI $82,708 @ 7.0% cap · market cap 16.91%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
540
Businesses Nearby
Explore this area
Business Placement
Demographics for 44281, OH
33,241
Population
14,298
Households
2.3
Avg Household Size
41
Median Age
42%
College-Educated
96%
High-School Grad
47.8 sq mi
ZIP Area
695
Density / Sq Mi
$88,128
Median Household Income
$46,653
Median Earnings
$1,031
Median Rent
$262,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Three buildings combine two houses and a duplex in one property.
Where is this quadplex located?
The property is located at 167-173 N Lyman Street Wadsworth, OH.
What is the asking price?
The asking price for this property is $489,000.
What are key features of this property?
This property features: Four total units: two single‑family homes and one duplex; Three residential buildings situated across two parcels; 4,236 square feet of total property size
