Two-Unit
188 & 190 Marion Ave, Mogadore, OH 44260
For Sale
$299,900
Both residences have open layouts, lower-level storage and laundry, and access to a covered rear patio.
Property Size2,648 SF
Lot Size0.64 Acres
Price / SF$113.26
Days on Market11
Property Features for 188 & 190 Marion Ave
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Units
Unit Mix
Multifamily Units
Amenities
covered back patio
laundry
Building Details
Year Built
Listing Agency:
XRE
Listed By:
Jennifer D Bartoletta
(330) 322-1351
Source:
Searchclevelandhouses
Added: Oct 31
Changed: Nov 10
Last Checked: Nov 10 at 2:12PM
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 XRE
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Investment Insights
Based on property information with market context.
Built in 1968, this duplex contains two residences of 1,324 square feet each. Both have open-concept layouts, living rooms, kitchens with cabinet and counter space, and access to a covered patio at the rear. The right-side unit has two bedrooms and one bathroom; the left-side unit has two bedrooms and one and a half bathrooms. Lower-level areas provide storage and laundry space.
A detached four-car garage and a 0.635-acre parcel are included. The property is in the Mogadore School District.
A detached four-car garage and a 0.635-acre parcel are included. The property is in the Mogadore School District.
Key Highlights
- Two units, each measuring 1,324 square feet
- Right‑side residence has 2 bedrooms and 1 bathroom; left‑side residence has 2 bedrooms and 1.5 bathrooms
- Detached garage accommodates 4 cars
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,051
Cap Rate
7.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$461,020
$461.0K
Cap Rate 7%
$329,300
$329.3K
Cap Rate 9%
$256,122
$256.1K
Market Conditions
NOI Build-Up for 2,648 SF
Gross rent
$35.0K $13.20/SF
− Vacancy
−$2.0K −$0.76/SF
EGI
$32.9K $12.44/SF
− OpEx
−$9.9K −$3.73/SF
NOI
$23.1K $8.71/SF
Area
Portage County, OH
Vacancy
5.79%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$461,020
Cap Rate 7%
$329,300
Cap Rate 9%
$256,122
Alternative Uses
Best Use
Multifamily LT 5
$329.3K
$288.1K – $384.2K
NOI $23,051 @ 7.0% cap · market cap 7.69%
Second Best
Apartment 5plus
$304.8K
$266.7K – $355.6K
NOI $21,334 @ 7.0% cap · market cap 7.11%
Theoretical Best
Office A
$649.8K
$568.6K – $758.2K
NOI $45,489 @ 7.0% cap · market cap 15.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
69
Businesses Nearby
Explore this area
Business Placement
Demographics for 44260, OH
13,152
Population
5,429
Households
2.4
Avg Household Size
45
Median Age
26%
College-Educated
93%
High-School Grad
33.0 sq mi
ZIP Area
399
Density / Sq Mi
$75,261
Median Household Income
$45,162
Median Earnings
$951
Median Rent
$191,500
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Portage County, OH
Properties on Market for Duplexes in Portage County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have open layouts, lower-level storage and laundry, and access to a covered rear patio.
Where is this duplex located?
The property is located at 188 & 190 Marion Ave Mogadore, OH.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Two units, each measuring 1,324 square feet; Right‑side residence has 2 bedrooms and 1 bathroom; left‑side residence has 2 bedrooms and 1.5 bathrooms; Detached garage accommodates 4 cars
