2-Unit Duplex with
For Sale
Under Contract
$159,900
2430 Bailey Road, Cuyahoga Falls, OH 44221
ResidentialIncome, Cuyahoga Falls, OH
Property Size1,487 SF
Lot Size0.27 Acres
Price / SF$107.53
Days on Market21
Property Features for 2430 Bailey Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 1, Bedroom 2, Basement, Bedroom 3, Bathroom 1, Bathroom 2
Parking features
Garage
Subdivision
Stow 02
Elementary school district
Cuyahoga Falls CSD - 7705
Middle school district
Cuyahoga Falls CSD - 7705
High school district
Cuyahoga Falls CSD - 7705
Directions
From State Route 8, take the Graham Road exit and head west. Turn left onto Bailey Road and continue to 2430 Bailey Road.
Standard status
Active Under Contract
APN
0216197
Lot size
0.27 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
TR 2 W OF BAILEY RD
Tax Annual Amount
3453
Legal Description
TR 2 W OF BAILEY RD
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Amenities
enclosed sun porch
outdoor balcony porch
washer and dryer hookups
bonus room
Building Details
Year built
1928
Floors in Building
2
Listing Agency:
BHR & Associates
(216) 220-7886
Listed By:
Maria Echeverria · License #2026001531
(216) 971-1922
Added: Oct 7
Changed: Oct 22
Last Checked: Oct 27 at 6:06PM
MLS# 5242669
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,487-square-foot duplex contains two apartments, each with two bedrooms and one full bathroom. The first-floor unit is vacant and has an enclosed sun porch; the second-floor apartment has a balcony porch and a month-to-month tenant. An unfinished basement provides washer and dryer hookups and an additional room outside the bedroom count. The property also has a one-car garage and an unpaved driveway. A newer hot water tank and two updated breaker panels are among the improvements. The building dates to 1928 and is being sold as-is; renovation is needed.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 full bathroom
- Approximately 1,487 square feet on 0.2681 acres
- Vacant first‑floor unit has an enclosed sun porch; second‑floor unit has a balcony porch
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,617
Cap Rate
8.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$272,340
$272.3K
Cap Rate 7%
$194,529
$194.5K
Cap Rate 9%
$151,300
$151.3K
Market Conditions
NOI Build-Up for 1,487 SF
Gross rent
$20.5K $13.80/SF
− Vacancy
−$1.1K −$0.72/SF
EGI
$19.5K $13.08/SF
− OpEx
−$5.8K −$3.92/SF
NOI
$13.6K $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%
$272,340
Cap Rate 7%
$194,529
Cap Rate 9%
$151,300
Alternative Uses
Best Use
Multifamily LT 5
$194.5K
$170.2K – $227.0K
NOI $13,617 @ 7.0% cap · market cap 8.52%
Second Best
Apartment 5plus
$170.3K
$149.0K – $198.7K
NOI $11,922 @ 7.0% cap · market cap 7.46%
Theoretical Best
Office A
$364.9K
$319.3K – $425.8K
NOI $25,545 @ 7.0% cap · market cap 15.98%
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
903
Businesses Nearby
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Business Placement
Demographics for 44221, OH
29,601
Population
14,379
Households
2.1
Avg Household Size
39
Median Age
31%
College-Educated
93%
High-School Grad
6.4 sq mi
ZIP Area
4,625
Density / Sq Mi
$61,893
Median Household Income
$40,060
Median Earnings
$1,026
Median Rent
$160,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two distinct apartments include separate outdoor spaces, with one currently vacant and the other occupied on a month-to-month basis.
Where is this duplex located?
The property is located at 2430 Bailey Road Cuyahoga Falls, OH.
What is the asking price?
The asking price for this property is $159,900.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms and 1 full bathroom; Approximately 1,487 square feet on 0.2681 acres; Vacant first‑floor unit has an enclosed sun porch; second‑floor unit has a balcony porch
