Two-Unit Duplex with Detached
201-203 S Prospect Street, Kent, OH 44240
For Sale
$214,900
Both homes offer two bedrooms and one full bath, with a separate outbuilding for additional storage.
Property Size1,728 SF
Price / SF$124.36
Days on Market13
Property Features for 201-203 S Prospect Street
General Information
Standard status
Size
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Additional Details
Road Access
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
detached garage
outbuilding
Full,Unfinished,Walk-Up Access
true
2
4
Double Pane Windows
In Unit
false
1728
Assessor
Owner
Back Yard
Public
0.2204
Public Records
Alley Access,Driveway,Detached,Garage,Unpaved
Private Yard
3
Building Details
Building Size
Year Built
Buildings
Stories
Tenancy
Listing Agency:
(304) 501-5212
Listed By:
Patrick Lucey
Source:
Karenullomrealty
Added: Oct 26
Changed: Oct 31
Last Checked: Nov 7 at 8:27AM
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 Patrick Lucey
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,728-square-foot duplex contains two side-by-side residences, each with two bedrooms and one full bath. Living areas are on the main level, while bedrooms and bathrooms are upstairs. The property also includes a detached garage and a separate outbuilding. Both units have newer furnaces, and some windows have been updated. Built in 1920, the property occupies 0.2204 acres and has driveway and alley access.
The residences are leased through 7/31/2027, and tenants pay their own utilities. The property is on S Prospect Street in Kent, minutes from downtown Kent and Kent State University.
The residences are leased through 7/31/2027, and tenants pay their own utilities. The property is on S Prospect Street in Kent, minutes from downtown Kent and Kent State University.
Key Highlights
- Two side‑by‑side units, each with 2 bedrooms and 1 full bath
- 1,728 square feet on a 0.2204‑acre lot
- Detached garage and separate outbuilding
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,042
Cap Rate
7.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$300,840
$300.8K
Cap Rate 7%
$214,886
$214.9K
Cap Rate 9%
$167,133
$167.1K
Market Conditions
NOI Build-Up for 1,728 SF
Gross rent
$22.8K $13.20/SF
− Vacancy
−$1.3K −$0.76/SF
EGI
$21.5K $12.44/SF
− OpEx
−$6.4K −$3.73/SF
NOI
$15.0K $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%
$300,840
Cap Rate 7%
$214,886
Cap Rate 9%
$167,133
Alternative Uses
Best Use
Multifamily LT 5
$214.9K
$188.0K – $250.7K
NOI $15,042 @ 7.0% cap · market cap 7.00%
Second Best
Apartment 5plus
$198.9K
$174.0K – $232.0K
NOI $13,922 @ 7.0% cap · market cap 6.48%
Theoretical Best
Office A
$348.1K
$304.6K – $406.1K
NOI $24,364 @ 7.0% cap · market cap 11.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
807
Businesses Nearby
Explore this area
Business Placement
Demographics for 44240, OH
38,354
Population
20,228
Households
1.9
Avg Household Size
32
Median Age
44%
College-Educated
96%
High-School Grad
39.7 sq mi
ZIP Area
966
Density / Sq Mi
$57,415
Median Household Income
$31,613
Median Earnings
$989
Median Rent
$216,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/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 homes offer two bedrooms and one full bath, with a separate outbuilding for additional storage.
Where is this duplex located?
The property is located at 201-203 S Prospect Street Kent, OH.
What is the asking price?
The asking price for this property is $214,900.
What are key features of this property?
This property features: Two side‑by‑side units, each with 2 bedrooms and 1 full bath; 1,728 square feet on a 0.2204‑acre lot; Detached garage and separate outbuilding
