Updated Duplex with
For Sale
$239,900
Pending
1692 Swartz Road, Mogadore, OH 44260
ResidentialIncome, Mogadore, OH
Property Size1,612 SF
Lot Size0.76 Acres
Days on Market39
Property Features for 1692 Swartz Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 4, Laundry Room, Bedroom 3, Basement, Bedroom 2
Parking features
Driveway, Garage
Appliances
Dryer, Dishwasher, Range, Refrigerator, Washer
Subdivision
Ne Div
Elementary school district
Field LSD - 6703
Middle school district
Field LSD - 6703
High school district
Field LSD - 6703
Directions
From Congress Lake Road, Head West on Swartz Road. Duplex on left.
Standard status
Pending
APN
36-020-00-00-009-000
Size
1,612 SF
Lot size
0.76 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 20 NE
Tax Annual Amount
2693
Legal Description
LOT 20 NE
Utilities
Sewer type
Septic Tank
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Well
Building Details
Year built
1967
Floors in Building
1
Building materials
VinylSiding
Roof type
Asphalt
Listing Agency:
RE/MAX Trends Realty · RE/MAX International
(234) 251-0555
Listed By:
Lauren M Luli · License #2015002593
(330) 697-8746
Added: Aug 17
Changed: Sep 12
Last Checked: Sep 24 at 6:06PM
MLS# 5236144
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.
Investment Insights
Based on property information with market context.
This duplex contains 1612 square feet across two residential units, each arranged with two bedrooms and one bathroom. Both residences include a garage and basement, while one unit received a complete remodel approximately three years ago. The property was built in 1967 and includes forced-air natural gas heating, central air, an asphalt roof, vinyl siding, and Trex front porches.
Set on 0.76 acres in Mogadore, the property uses a well and septic tank. On-site parking is provided through driveways and garages. Appliances include ranges, refrigerators, dishwashers, washers, and dryers, providing established household functionality for both units.
Set on 0.76 acres in Mogadore, the property uses a well and septic tank. On-site parking is provided through driveways and garages. Appliances include ranges, refrigerators, dishwashers, washers, and dryers, providing established household functionality for both units.
Key Highlights
- Two units, each with two bedrooms and one bathroom
- 1612 square feet on 0.76 acres
- One unit completely remodeled approximately three years ago
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,032
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.85%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$280,640
$280.6K
Cap Rate 7%
$200,457
$200.5K
Cap Rate 9%
$155,911
$155.9K
Market Conditions
NOI Build-Up for 1,612 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$21.3K $13.20/SF
− Vacancy
−$1.2K −$0.76/SF
EGI
$20.0K $12.44/SF
− OpEx
−$6.0K −$3.73/SF
NOI
$14.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$280,640
Cap Rate 7%
$200,457
Cap Rate 9%
$155,911
Alternative Uses
Best Use
Multifamily LT 5
$200.5K
$175.4K – $233.9K
NOI $14,032 @ 7.0% cap · market cap 5.85%
Second Best
Apartment 5plus
$185.5K
$162.3K – $216.5K
NOI $12,987 @ 7.0% cap · market cap 5.41%
Theoretical Best
Office A
$324.7K
$284.1K – $378.8K
NOI $22,729 @ 7.0% cap · market cap 9.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Explore this area
Business Placement
Demographics for 44260, OH
13,152
Population
5,429
Households
2.4
Avg Household Size
45
Median Age
26%
College-Educated
93%
High-School Grad
33.0 sq mi
ZIP Area
399
Density / Sq Mi
$75,261
Median Household Income
$45,162
Median Earnings
$951
Median Rent
$191,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two units feature individual garages, basement storage, and one recently remodeled residence.
Where is this duplex located?
The property is located at 1692 Swartz Road Mogadore, OH.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Two units, each with two bedrooms and one bathroom; 1612 square feet on 0.76 acres; One unit completely remodeled approximately three years ago
