Well-Maintained Cuyahoga Falls
2591-2593 16th Street, Cuyahoga Falls, OH 44223
New
MULTI_FAMILY - Cuyahoga Falls, OH
Property size:
2,200 SFLot size:
0.16 AcresPrice / SF:
$136/SF- Added:
- May 29, 2026
- Days on Market:
- 2
- Last Refresh:
- May 30 at 4:06 pm
Property Features for 2591-2593 16th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bathroom 3, Bedroom 2, Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 3, Bedroom 1, Laundry Room, Basement, Bathroom 4
- Parking features
- Driveway, Open, Garage
- Window features
- Screens, Shutters
- Interior features
- CeilingFans, EatInKitchen
- Exterior features
- FirePit, PrivateYard
- Appliances
- Dryer, Dishwasher, Disposal, Range, Refrigerator, Washer
- Standard status
- Active
- APN
- 0204783
- Size
- 2,200 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- N HAVEN #4 LOT 634 ALL
- Tax Annual Amount
- 5000
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1956
- Floors in Building
- 2
- Building materials
- AluminumSiding, Brick, WoodSiding
- Roof type
- Asphalt, Fiberglass
Listing agent Leslee T Salhany License #320795 (330) 958-1220
Listing office Berkshire Hathaway HomeServices Simon & Salhany Realty 205 W Portage Trail, Cuyahoga Falls, OH (330) 929-0707
Listing date May 29, 2026
MLS# 5214416
Listing URL
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.
HighLights
- Well‑maintained brick twinplex offering an excellent investment opportunity.
- Each unit features identical floor plans with 2 bedrooms and 1.5 baths.
- Updated features include newer roof (approx. 2018) and updated windows.
- Convenient location close to shopping, dining, downtown Cuyahoga Falls, and parks.
- Includes a shared 2‑car detached garage and separate basements for each unit.
- Appliances included: stoves, refrigerators, dishwashers, and disposals.
Overview
This well-maintained brick twinplex is located in Cuyahoga Falls. Each unit features an identical floor plan with 2 bedrooms and 1.5 baths. The kitchens measure 10x11 with adjoining 9x11 eating areas, and the living rooms are 12x18. The owner suites measure 11x17, and the second bedrooms are 11x12. The owner-occupied unit at 2591 shows pride of ownership. Updates include garage and house shingles approximately 2018, updated windows, attic insulation, and an updated service box. The furnace in unit 2593 was updated approximately 2025. The property includes separate basements for each unit and a shared 2-car detached garage. Appliances include 2 stoves, 2 refrigerators, 2 dishwashers, and disposals. This property is an investment opportunity or suitable for owner-occupancy. It is conveniently located close to shopping, dining, downtown Cuyahoga Falls, and parks. The lot size is 0.16 acres, and the property size is 2200 square feet.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.4k | $13.80 |
| − Vacancy | −$1.6k | −$0.72 |
| EGI | $28.8k | $13.08 |
| − OpEx | −$8.6k | −$3.92 |
| NOI | $20.1k | $9.16 |
2,200 SF · lease $13.80/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$287.8K
$251.8K – $335.8K
NOI $20,147 @ 7.0% cap · market cap 6.72%
Second Best
Apartment 5plus
$252.0K
$220.5K – $294.0K
NOI $17,638 @ 7.0% cap · market cap 5.88%
Theoretical Best
Office A
$539.9K
$472.4K – $629.9K
NOI $37,793 @ 7.0% cap · market cap 12.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Cuyahoga Falls
- County
- Summit
- State
- Ohio
- Longitude
- -81.501513
- Latitude
- 41.144046
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Rare, updated twinplex near downtown Cuyahoga Falls.
Where is this duplex located?
The property is located at 2591-2593 16th Street Cuyahoga Falls, OH.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Well‑maintained brick twinplex offering an excellent investment opportunity.; Each unit features identical floor plans with 2 bedrooms and 1.5 baths.; Updated features include newer roof (approx. 2018) and updated windows.
