Duplex with Enclosed
173 North Mecca Street Cortland, OH 44410
173 North Mecca Street, Cortland, OH, 44410
Contact for pricing
For Sale
Contact for pricing
Duplex for sale featuring two-bedroom units, a large enclosed porch, and a two-car garage with storage.
Property Size2,341 SF
Price / SF$106.79
Days on Market91
Property Features for 173 North Mecca Street
General Information
- Standard status
- Active
- Size
- 2,341 SF
- Property subtype
- Multifamily
Listing agency
Platz Realty Group
(740) 627-0431
Listed by
Alicia Angelo · License #OH 2017002852
Source
Crexi
Added: Apr 24 Updated: Jul 22 at 11:56PM Checked: Jul 22 at 11:56PM
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 Platz Realty Group
Investment Insights
Based on property information with market context.
This duplex investment property includes two separate two-bedroom units, for a total of four bedrooms and three full bathrooms. The upstairs unit features one bathroom, while the downstairs unit provides two bathrooms. Both units include kitchens, and the downstairs unit also offers a large enclosed porch. The property also includes a two-car garage with two storage units.
The seller’s remarks indicate the property could be managed as a duplex investment, or potentially configured as a single-occupant residence.
Overall, the layout provides separate unit functionality with multiple kitchens and a mix of bedroom and bathroom placement across the two levels, supported by the enclosed porch and attached garage and storage.
The seller’s remarks indicate the property could be managed as a duplex investment, or potentially configured as a single-occupant residence.
Overall, the layout provides separate unit functionality with multiple kitchens and a mix of bedroom and bathroom placement across the two levels, supported by the enclosed porch and attached garage and storage.
Key Highlights
- Duplex with two 2‑bedroom units (4 total bedrooms) and 3 total full baths
- Unit layout includes 1 bathroom upstairs and 2 bathrooms downstairs
- 2 kitchens across the duplex
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.5k | $12.60 |
| − Vacancy | −$1.9k | −$0.82 |
| EGI | $27.6k | $11.78 |
| − OpEx | −$8.3k | −$3.53 |
| NOI | $19.3k | $8.25 |
2,341 SF · lease $12.60/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$275.8K
$241.3K – $321.8K
NOI $19,306 @ 7.0% cap · market cap 7.72%
Second Best
Apartment 5plus
$255.7K
$223.8K – $298.4K
NOI $17,902 @ 7.0% cap · market cap 7.16%
Theoretical Best
Office A
$444.3K
$388.8K – $518.4K
NOI $31,103 @ 7.0% cap · market cap 12.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex for sale featuring two-bedroom units, a large enclosed porch, and a two-car garage with storage.
Where is this duplex located?
The property is located at 173 North Mecca Street Cortland, OH.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Duplex with two 2‑bedroom units (4 total bedrooms) and 3 total full baths; Unit layout includes 1 bathroom upstairs and 2 bathrooms downstairs; 2 kitchens across the duplex
