Brick Duplex with Two-Car
1864 13th St, Cuyahoga Falls, OH 44223
For Sale
$292,000
Two-family brick property with a newer detached garage, electric service, door openers, and a metal roof.
Property Size1,890 SF
Price / SF$154.50
Days on Market49
Property Features for 1864 13th St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Multifamily Units
Building Details
Year Built
Construction
Listing Agency:
Keller Williams Chervenic Rlty
Listed By:
Joseph P Procaccio · License #336334
(330) 697-8491
Source:
Groganzeiger
Added: Sep 20
Changed: Nov 7
Last Checked: Nov 6 at 10:55AM
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 Keller Williams Chervenic Rlty
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Investment Insights
Based on property information with market context.
This 1,890-square-foot duplex was built in 1944 and features brick construction with two residential units. A newer two-car garage provides additional covered parking and includes electric service and door openers. The property is finished with a metal roof, adding a durable exterior component to the overall improvement package.
Key Highlights
- 1,890‑square‑foot duplex with two residential units
- Brick construction built in 1944
- Newer two‑car garage with electric service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,308
Cap Rate
5.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$346,160
$346.2K
Cap Rate 7%
$247,257
$247.3K
Cap Rate 9%
$192,311
$192.3K
Market Conditions
NOI Build-Up for 1,890 SF
Gross rent
$26.1K $13.80/SF
− Vacancy
−$1.4K −$0.72/SF
EGI
$24.7K $13.08/SF
− OpEx
−$7.4K −$3.92/SF
NOI
$17.3K $9.16/SF
Area
Summit 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%
$346,160
Cap Rate 7%
$247,257
Cap Rate 9%
$192,311
Alternative Uses
Best Use
Multifamily LT 5
$247.3K
$216.4K – $288.5K
NOI $17,308 @ 7.0% cap · market cap 5.93%
Second Best
Apartment 5plus
$216.5K
$189.4K – $252.5K
NOI $15,152 @ 7.0% cap · market cap 5.19%
Theoretical Best
Office A
$463.8K
$405.9K – $541.1K
NOI $32,468 @ 7.0% cap · market cap 11.12%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
594
Businesses Nearby
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Business Placement
Demographics for 44223, OH
18,388
Population
8,846
Households
2.1
Avg Household Size
45
Median Age
47%
College-Educated
97%
High-School Grad
14.8 sq mi
ZIP Area
1,242
Density / Sq Mi
$89,046
Median Household Income
$51,385
Median Earnings
$1,056
Median Rent
$202,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Summit County, OH
Properties on Market for Duplexes in Summit County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two-family brick property with a newer detached garage, electric service, door openers, and a metal roof.
Where is this duplex located?
The property is located at 1864 13th St Cuyahoga Falls, OH.
What is the asking price?
The asking price for this property is $292,000.
What are key features of this property?
This property features: 1,890‑square‑foot duplex with two residential units; Brick construction built in 1944; Newer two‑car garage with electric service
