Updated
New
For Sale
$359,000
2573 Jaycox Rd, Avon, OH 44011
Single-floor units offer in-unit laundry, private concrete patios, and individual backyard space.
Property Size2,100 SF
Price / SF$170.95
Days on Market4
Property Features for 2573 Jaycox Rd
General Information
Standard status
Active
Size
2,100 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$2,697
Listing Agency:
Joseph Walter Realty, LLC
(888) 227-1009
Listed By:
Scott Fader · License #414203
(888) 227-1009
Source:
Exprealty
Added: Aug 27
Changed: Aug 29
Last Checked: Aug 29 at 11:38PM
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,231
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.36%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $19,231 @ 7.0% cap · market cap 5.36%
Second Best
Apartment 5plus
$256.6K
$224.5K – $299.4K
NOI $17,963 @ 7.0% cap · market cap 5.00%
Theoretical Best
Office A
$529.2K
$463.1K – $617.4K
NOI $37,044 @ 7.0% cap · market cap 10.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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
