2-Unit Duplex with Detached
New
For Sale
$215,000
18 Edison Street, Oberlin, OH 44074
ResidentialIncome, Oberlin, OH
Property Size1,800 SF
Lot Size0.22 Acres
Price / SF$119.44
Days on Market3
Property Features for 18 Edison Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Half bathrooms
1
Rooms
Basement, Bedroom 2, Bedroom 1, Bedroom 3, Bathroom 3, Bedroom 5, Bathroom 1, Bedroom 4, Bathroom 2, Laundry Room
Parking features
Garage, Driveway
Appliances
Dryer, Dishwasher, Microwave, Range, Refrigerator, Washer
Subdivision
Parker Penfield & Stevens Add
Elementary school district
Oberlin CSD - 4712
Middle school district
Oberlin CSD - 4712
High school district
Oberlin CSD - 4712
Directions
From US-20, take SR-58 South toward Oberlin. Turn left onto Edison St. Continue to 18 Edison St. Property will be on the right.
Standard status
Active
APN
09-00-096-102-034
Size
1,800 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PARKER 74 X 132 LANC CONTRACT 12/2/24 $78,000 NOT RECORDED LOT # 1-3
Tax Annual Amount
2380
Legal Description
PARKER 74 X 132 LANC CONTRACT 12/2/24 $78,000 NOT RECORDED LOT # 1-3
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Amenities
covered front porch
basement
first-floor laundry
decorative brick fireplace
Building Details
Year built
1900
Floors in Building
2
Building materials
AluminumSiding, Frame, VinylSiding
Roof type
Metal
Listing Agency:
Keller Williams Elevate · Keller Williams Realty
(440) 572-1200
Listed By:
Joy Larson · License #2015000804
(440) 503-1730
Added: Oct 8
Changed: Oct 10
Last Checked: Oct 10 at 7:06PM
MLS# 5250981
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 in Oberlin contains two residences: one with 1 bedroom and 1 bathroom, and another with 4 bedrooms and 1.5 bathrooms. The property totals 1,800 square feet on a 0.22-acre lot and was built in 1900. Interior features include vinyl flooring on the main level, carpeted bedroom areas, and first-floor laundry. A decorative brick fireplace is in the one-bedroom residence. A detached two-car garage, exterior-access basement, and covered porch extending along the side of the house add utility and outdoor space.
Both units have new breaker panels, and the four-bedroom residence has a new hot water tank. The range, refrigerator, dishwasher, microwave, washer, and dryer are included. Public water and public sewer serve the property.
Both units have new breaker panels, and the four-bedroom residence has a new hot water tank. The range, refrigerator, dishwasher, microwave, washer, and dryer are included. Public water and public sewer serve the property.
Key Highlights
- Two residences: one with 1 bedroom and 1 bathroom; the other with 4 bedrooms and 1.5 bathrooms
- 1,800 square feet on a 0.22‑acre lot
- Detached two‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,484
Cap Rate
7.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$329,680
$329.7K
Cap Rate 7%
$235,486
$235.5K
Cap Rate 9%
$183,156
$183.2K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$24.8K $13.80/SF
− Vacancy
−$1.3K −$0.72/SF
EGI
$23.5K $13.08/SF
− OpEx
−$7.1K −$3.92/SF
NOI
$16.5K $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%
$329,680
Cap Rate 7%
$235,486
Cap Rate 9%
$183,156
Alternative Uses
Best Use
Multifamily LT 5
$235.5K
$206.1K – $274.7K
NOI $16,484 @ 7.0% cap · market cap 7.67%
Second Best
Apartment 5plus
$219.9K
$192.5K – $256.6K
NOI $15,396 @ 7.0% cap · market cap 7.16%
Theoretical Best
Office A
$453.6K
$396.9K – $529.2K
NOI $31,752 @ 7.0% cap · market cap 14.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
480
Businesses Nearby
Explore this area
Business Placement
Demographics for 44074, OH
11,957
Population
4,038
Households
3
Avg Household Size
36
Median Age
43%
College-Educated
95%
High-School Grad
50.9 sq mi
ZIP Area
235
Density / Sq Mi
$73,697
Median Household Income
$17,979
Median Earnings
$943
Median Rent
$229,000
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
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Frequently Asked Questions
What type of property is this?
Duplex - The two residences offer distinct one- and four-bedroom layouts, with laundry on the first floor.
Where is this duplex located?
The property is located at 18 Edison Street Oberlin, OH.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Two residences: one with 1 bedroom and 1 bathroom; the other with 4 bedrooms and 1.5 bathrooms; 1,800 square feet on a 0.22‑acre lot; Detached two‑car garage
