Multifamily Apartment
For Sale
$575,000
1724 Youngstown Kingsville Road, Vienna, OH 44473
Multifamily property with a building constructed in 1952.
Property Size4,400 SF
Price / SF$130.68
Days on Market48
Property Features for 1724 Youngstown Kingsville Road
General Information
Standard status
Active
Size
4,400 SF
Property subtype
Multifamily
Building Details
Building Size
4,400 SF
Year Built
1952
Listing Agency:
SVN Summit Commercial Real Estate Advisors
Listed By:
Brian Foster · License #2021008191
(216) 327-1787
Source:
Svnsummitcommercial
Added: Sep 18
Changed: Oct 25
Last Checked: Nov 4 at 11:10AM
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 SVN Summit Commercial Real Estate Advisors
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Investment Insights
Based on property information with market context.
This multifamily apartment property includes approximately 4,400 square feet of building area and was constructed in 1952. The modest-sized asset offers a straightforward physical profile for evaluating apartment operations and ongoing maintenance.
The property is located at 1724 Youngstown Kingsville Road in Vienna Township, Ohio, within ZIP Code 44473.
The property is located at 1724 Youngstown Kingsville Road in Vienna Township, Ohio, within ZIP Code 44473.
Key Highlights
- Approximately 4,400 square feet of building area
- Constructed in 1952
- Multifamily apartment property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,647
Cap Rate
5.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$672,940
$672.9K
Cap Rate 7%
$480,671
$480.7K
Cap Rate 9%
$373,856
$373.9K
Market Conditions
NOI Build-Up for 4,400 SF
Gross rent
$64.9K $14.76/SF
− Vacancy
−$3.8K −$0.86/SF
EGI
$61.2K $13.90/SF
− OpEx
−$27.5K −$6.26/SF
NOI
$33.6K $7.65/SF
Area
Trumbull County, OH
Vacancy
5.80%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$672,940
Cap Rate 7%
$480,671
Cap Rate 9%
$373,856
Alternative Uses
Best Use
Apartment 5plus
$480.7K
$420.6K – $560.8K
NOI $33,647 @ 7.0% cap · market cap 5.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$835.1K
$730.8K – $974.3K
NOI $58,460 @ 7.0% cap · market cap 10.17%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
37
Businesses Nearby
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Business Placement
Demographics for 44473, OH
3,719
Population
1,961
Households
1.9
Avg Household Size
51
Median Age
29%
College-Educated
97%
High-School Grad
24.5 sq mi
ZIP Area
152
Density / Sq Mi
$76,382
Median Household Income
$40,102
Median Earnings
$953
Median Rent
$174,700
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?
Apartment building - Multifamily property with a building constructed in 1952.
Where is this apartment building located?
The property is located at 1724 Youngstown Kingsville Road Vienna, OH.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Approximately 4,400 square feet of building area; Constructed in 1952; Multifamily apartment property
