Side-by-Side
New
For Sale
$235,000
1721 Urban Circle S, Lorain, OH 44053
ResidentialIncome, Lorain, OH
Property Size2,140 SF
Lot Size0.19 Acres
Price / SF$109.81
Days on Market5
Property Features for 1721 Urban Circle S
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
3
Full bathrooms
4
Half bathrooms
1
Rooms
Bathroom 2, Bathroom 3, Bedroom 2, Bedroom 4, Bathroom 1, Bedroom 3, Bedroom 1, Laundry Room, Bathroom 4
Parking features
Garage
Interior features
CeilingFans, EatInKitchen, LaminateCounters
Exterior features
Garden, PrivateYard
Appliances
Dishwasher, Range, Refrigerator
Subdivision
Seven Pines Sub #6
View
City
Elementary school district
Amherst EVSD - 4701
Middle school district
Amherst EVSD - 4701
High school district
Amherst EVSD - 4701
Directions
Cooper Foster east, right on Gargasz, right on Urban Cir. S.
Standard status
Active
APN
02-02-004-112-041
Size
2,140 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SEVEN PINES SUB #6 68.38 X 120.26 LOT # 231
Tax Annual Amount
2741
Legal Description
SEVEN PINES SUB #6 68.38 X 120.26 LOT # 231
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Wall Unit(s)
Water source
Public
Building Details
Year built
1976
Floors in Building
2
Building materials
AluminumSiding, BrickVeneer
Roof type
Fiberglass, Asphalt
Listing Agency:
Russell Real Estate Services
(440) 282-4444
Listed By:
Nikki Harsa · License #2005014597
(440) 240-3444
Added: Oct 15
Changed: Oct 19
Last Checked: Oct 19 at 1:06PM
MLS# 5254314
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 side-by-side duplex, built in 1976, contains two matching residences. Each has two bedrooms, one and a half bathrooms, and an eat-in kitchen. Both units have new entry doors; the windows at 1723 are mostly newer. Each residence also has a private garage. The property occupies 0.1873 acres and is served by public water and sewer.
Both residences are occupied by long-term tenants. The property is within the Amherst Exempted Village School District.
Both residences are occupied by long-term tenants. The property is within the Amherst Exempted Village School District.
Key Highlights
- Two side‑by‑side residences, each with 2 bedrooms and 1.5 bathrooms
- Each unit includes a private garage
- Both units are occupied by long‑term tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,597
Cap Rate
8.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$391,940
$391.9K
Cap Rate 7%
$279,957
$280.0K
Cap Rate 9%
$217,744
$217.7K
Market Conditions
NOI Build-Up for 2,140 SF
Gross rent
$29.5K $13.80/SF
− Vacancy
−$1.5K −$0.72/SF
EGI
$28.0K $13.08/SF
− OpEx
−$8.4K −$3.92/SF
NOI
$19.6K $9.16/SF
Area
Lorain 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%
$391,940
Cap Rate 7%
$279,957
Cap Rate 9%
$217,744
Alternative Uses
Best Use
Multifamily LT 5
$280.0K
$245.0K – $326.6K
NOI $19,597 @ 7.0% cap · market cap 8.34%
Second Best
Apartment 5plus
$261.5K
$228.8K – $305.1K
NOI $18,305 @ 7.0% cap · market cap 7.79%
Theoretical Best
Office A
$539.3K
$471.9K – $629.2K
NOI $37,750 @ 7.0% cap · market cap 16.06%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
595
Businesses Nearby
Explore this area
Business Placement
Demographics for 44053, OH
20,735
Population
9,529
Households
2.2
Avg Household Size
44
Median Age
21%
College-Educated
91%
High-School Grad
10.8 sq mi
ZIP Area
1,920
Density / Sq Mi
$65,332
Median Household Income
$43,654
Median Earnings
$827
Median Rent
$189,500
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?
Duplex - Both residences have private garages, and the property is occupied by long-term tenants.
Where is this duplex located?
The property is located at 1721 Urban Circle S Lorain, OH.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Two side‑by‑side residences, each with 2 bedrooms and 1.5 bathrooms; Each unit includes a private garage; Both units are occupied by long‑term tenants
