Mixed-Use Duplex
1934 E Midlothian Boulevard, Youngstown, OH 44502
For Sale
$150,000
Two apartments occupy separate floors, and the upper unit has its own rear entrance.
Property Size1,612 SF
Price / SF$93.05
Days on Market180
Property Features for 1934 E Midlothian Boulevard
General Information
Standard status
Size
Property subtype
Zoning
Property Condition
Severity
Evidence
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Berkshire Hathaway HomeServices Stouffer Realty
(330) 629-8300
Listed By:
Rochelle Arriola
(330) 518-6221
Source:
Kimberlysrealtycorp
Added: May 13
Changed: Nov 7
Last Checked: Nov 7 at 5:37PM
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 Berkshire Hathaway HomeServices Stouffer Realty
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Investment Insights
Based on property information with market context.
This 1,612-square-foot mixed-use property, built in 1921, is arranged as two apartments. The first-floor unit has three bedrooms, one full bath, and basement access. Upstairs, a separate two-bedroom apartment includes a full bath, kitchen, dining area, and private rear entrance. The building is zoned Multi-Family and requires work to reach livable condition. Newer exterior improvements include vinyl siding, a roof, gutters, and downspouts.
The original layout placed an office on the first floor and an apartment above; the current configuration is a duplex. The first floor could be returned to office use, according to the stated layout options. Seller financing may be considered for qualified buyers, and repair credits or work may be negotiated subject to lender approval.
The original layout placed an office on the first floor and an apartment above; the current configuration is a duplex. The first floor could be returned to office use, according to the stated layout options. Seller financing may be considered for qualified buyers, and repair credits or work may be negotiated subject to lender approval.
Key Highlights
- 1,612‑square‑foot property built in 1921
- First‑floor apartment has 3 bedrooms, 1 full bath, and basement access
- Upper apartment includes 2 bedrooms, 1 full bath, kitchen, and dining area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,090
Cap Rate
8.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$241,800
$241.8K
Cap Rate 7%
$172,714
$172.7K
Cap Rate 9%
$134,333
$134.3K
Market Conditions
NOI Build-Up for 1,612 SF
Gross rent
$24.2K $15.00/SF
− Vacancy
−$4.8K −$3.00/SF
EGI
$19.3K $12.00/SF
− OpEx
−$7.3K −$4.50/SF
NOI
$12.1K $7.50/SF
Area
Mahoning County, OH
Vacancy
20.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$241,800
Cap Rate 7%
$172,714
Cap Rate 9%
$134,333
Alternative Uses
Best Use
Mixed Use
$172.7K
$151.1K – $201.5K
NOI $12,090 @ 7.0% cap · market cap 8.06%
Second Best
Multifamily LT 5
$155.1K
$135.7K – $180.9K
NOI $10,856 @ 7.0% cap · market cap 7.24%
Theoretical Best
Office A
$304.2K
$266.2K – $354.9K
NOI $21,294 @ 7.0% cap · market cap 14.20%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
205
Businesses Nearby
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Business Placement
Demographics for 44502, OH
9,300
Population
4,354
Households
2.1
Avg Household Size
34
Median Age
9%
College-Educated
83%
High-School Grad
5.6 sq mi
ZIP Area
1,661
Density / Sq Mi
$32,259
Median Household Income
$18,571
Median Earnings
$915
Median Rent
$37,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two apartments occupy separate floors, and the upper unit has its own rear entrance.
Where is this mixed-use property located?
The property is located at 1934 E Midlothian Boulevard Youngstown, OH.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: 1,612‑square‑foot property built in 1921; First‑floor apartment has 3 bedrooms, 1 full bath, and basement access; Upper apartment includes 2 bedrooms, 1 full bath, kitchen, and dining area
