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    Duplex with Covered Porches Title is generated by Realmo AI

    1705 W 5th Street, Ashtabula, OH 44004

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    Picture of Duplexes at 1705 W 5th Street, Ashtabula, OH
    Pending
    $59,900

    MULTI_FAMILY - Ashtabula, OH

    Lot size:
    0.13 Acres
    Added:
    May 29, 2026
    Days on Market:
    11
    Last Refresh:
    Jun 8 at 2:06 am

    Property Features for 1705 W 5th Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    3
    Bathrooms
    2
    Rooms
    Basement, Bathroom 2, Bedroom 3, Bedroom 2, Bedroom 1, Bathroom 1
    Parking features
    Driveway
    Appliances
    Dryer, Range, Refrigerator, Washer
    Standard status
    Pending
    APN
    684050017300
    Lot size
    0.13 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    28 HUB HAR
    Tax Annual Amount
    813

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Baseboard
    Cooling system
    Ceiling Fan(s)
    Water source
    Public

    Building Details

    Year built
    1890
    Floors in Building
    2
    Building materials
    VinylSiding
    Roof type
    Slate

    We can help!

    Listing Contact
    Theresa Berrier-Pope
    Theresa Berrier-Pope

    Listing agent Theresa Berrier-Pope License #321831

    Listing office HomeSmart Real Estate Momentum LLC 8518 Mentor Avenue, Suite C, Mentor, OH

    Listing date May 29, 2026

    MLS# 5215038 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

    • Currently set up as a duplex; can be converted back to a single‑family home easily
    • Year built 1890 with all natural woodwork and a beautiful natural wood front staircase
    • Covered front porch and covered side porch
    • Fireplace in downstairs den
    • Roof is slate; exterior has vinyl siding
    • Utilities: public water and public sewer; shared driveway; walking distance to the lake, Bridge St., stores, and restaurants

    Overview

    This property is currently set up as a duplex, with character throughout including all natural woodwork. The layout includes a beautiful natural wood front staircase and a fireplace located in the downstairs den. Exterior features include a large covered front porch and a covered side porch. While the home is in need of updating, the configuration is described as easily convertible back to a single-family home.

    The home sits on a shared driveway, providing access for the duplex setup. It is within walking distance to the lake, Bridge St., and nearby stores and restaurants in Ashtabula. Sale is subject to Probate Court approval.

    For buyers seeking an owner-occupied arrangement or a flexible plan, the ability to convert from duplex to single-family can support different occupancy goals. The covered porches and existing interior wood details provide a strong foundation for updates and personalization. Those interested in a duplex configuration may find the current setup a practical starting point, subject to probate approval for final sale.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Ashtabula
    County
    Ashtabula
    State
    Ohio
    Longitude
    -80.807067
    Latitude
    41.89665

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    FAQs

    What type of property is this?
    Duplex - Duplex home features a covered front and side porch, with interior natural woodwork and flexible single-family conversion.
    Where is this duplex located?
    The property is located at 1705 W 5th Street Ashtabula, OH.
    What is the asking price?
    The asking price for this property is $59,900.
    What are key features of this property?
    This property features: Currently set up as a duplex; can be converted back to a single‑family home easily; Year built 1890 with all natural woodwork and a beautiful natural wood front staircase; Covered front porch and covered side porch
    (440) 897-2184
    We can help!
    Listing Contact
    Theresa Berrier-Pope
    Theresa Berrier-Pope
    Real Estate License ID: 321831
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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.

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