Two-Unit Duplex with Covered
For Sale
$225,000
2041 15th St, Cuyahoga Falls, OH 44223
The two-level layout combines a two-bedroom main-floor unit with a one-bedroom apartment above.
Property Size1,558 SF
Price / SF$144.42
Days on Market13
Property Features for 2041 15th St
General Information
Standard status
Active
Size
1,558 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR, 1 x 1BR
Multifamily Units
2
Amenities
covered front porch
full basement for storage and laundry
Building Details
Year Built
1930
Listing Agency:
RE/MAX Trends Realty
Listed By:
Nikki M Fanizzi nikkifanizzi@gmail.com, 330-807-7005
Source:
Mynexthomeonline
Added: Oct 3
Changed: Oct 13
Last Checked: Oct 14 at 11:26PM
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 RE/MAX Trends Realty
Investment Insights
Based on property information with market context.
This 1,558-square-foot duplex, built in 1930, contains two units arranged across the main and upper floors. The main-floor residence has two bedrooms, a full bathroom, a kitchen, and a living room, along with a covered front porch. The upstairs apartment includes one bedroom, a kitchen, and a combined living and dining area. A full basement provides storage and laundry space.
Both units are scheduled to be vacant at closing. The property does not have separate utilities between the units.
Both units are scheduled to be vacant at closing. The property does not have separate utilities between the units.
Key Highlights
- Two‑unit duplex with 1,558 square feet of living space
- Main‑floor unit has two bedrooms and a full bathroom
- Upper unit includes one bedroom and a combined living and dining area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,268
Cap Rate
6.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$285,360
$285.4K
Cap Rate 7%
$203,829
$203.8K
Cap Rate 9%
$158,533
$158.5K
Market Conditions
NOI Build-Up for 1,558 SF
Gross rent
$21.5K $13.80/SF
− Vacancy
−$1.1K −$0.72/SF
EGI
$20.4K $13.08/SF
− OpEx
−$6.1K −$3.92/SF
NOI
$14.3K $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%
$285,360
Cap Rate 7%
$203,829
Cap Rate 9%
$158,533
Alternative Uses
Best Use
Multifamily LT 5
$203.8K
$178.4K – $237.8K
NOI $14,268 @ 7.0% cap · market cap 6.34%
Second Best
Apartment 5plus
$178.4K
$156.1K – $208.2K
NOI $12,491 @ 7.0% cap · market cap 5.55%
Theoretical Best
Office A
$382.3K
$334.6K – $446.1K
NOI $26,764 @ 7.0% cap · market cap 11.90%
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
731
Businesses Nearby
Explore this area
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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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-level layout combines a two-bedroom main-floor unit with a one-bedroom apartment above.
Where is this duplex located?
The property is located at 2041 15th St Cuyahoga Falls, OH.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,558 square feet of living space; Main‑floor unit has two bedrooms and a full bathroom; Upper unit includes one bedroom and a combined living and dining area
