Listing Agency: Joseph Walter Realty, LLC Show Phone

Listed By: Scott Fader · License #2020006263 Show Phone

Source: Exprealty

Added: Aug 27 Changed: Oct 14 Last Checked: Oct 15 at 4:15AM

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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 Joseph Walter Realty, LLC

Investment Insights

Based on property information with market context.

This duplex includes two single-floor residences, each with three bedrooms, one bathroom, and 1,050 square feet. Both units have in-unit laundry and access to a large backyard with separate private concrete patios. The property also includes updates to most flooring, while both bathrooms have been rebuilt from the studs with new fixtures. Newer HVAC equipment and hot water tanks add to the recent improvements.

Located in Avon, the property is a short distance from Avon Commons and I-90. Its two-unit configuration provides separate living spaces within one residential income property, with practical features already in place for continued occupancy.

Key Highlights

• Two 3‑bedroom, 1‑bath units, each measuring 1050 sq ft
• Single‑floor living in both units
• In‑unit laundry in each residence

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$19,231

Cap Rate

5.36%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$384,620 $384.6K

Cap Rate 7%

$274,729 $274.7K

Cap Rate 9%

$213,678 $213.7K

Market Conditions

NOI Build-Up for 2,100 SF

Gross rent

$29.0K $13.80/SF

− Vacancy

−$1.5K −$0.72/SF

EGI

$27.5K $13.08/SF

− OpEx

−$8.2K −$3.92/SF

NOI

$19.2K $9.16/SF

Area

Lorain 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%

$384,620

Cap Rate 7%

$274,729

Cap Rate 9%

$213,678

Alternative Uses

Best Use

Multifamily LT 5

$274.7K

$240.4K – $320.5K (±1% cap)

NOI $19,231 @ 7.0% cap · market cap 5.36%

Second Best

Apartment 5plus

$256.6K

$224.5K – $299.4K (±1% cap)

NOI $17,963 @ 7.0% cap · market cap 5.00%

Theoretical Best

Office A

$529.2K

$463.1K – $617.4K (±1% cap)

NOI $37,044 @ 7.0% cap · market cap 10.32%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Dental Office Law Firm Building Supply Hair Salon Auto Repair Shop Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

428

Businesses Nearby

Explore this area Business Placement

Demographics for 44011, OH

24,847

Population

9,782

Households

2.5

Avg Household Size

41

Median Age

59%

College-Educated

98%

High-School Grad

20.8 sq mi

ZIP Area

1,195

Density / Sq Mi

$126,618

Median Household Income

$67,143

Median Earnings

$1,446

Median Rent

$377,100

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Single-floor units offer in-unit laundry, private concrete patios, and individual backyard space.

Where is this duplex located?

The property is located at 2573 Jaycox Rd Avon, OH.

What is the asking price?

The asking price for this property is $359,000.

What are key features of this property?

This property features: Two 3‑bedroom, 1‑bath units, each measuring 1050 sq ft; Single‑floor living in both units; In‑unit laundry in each residence