Updated Duplex with Detached
For Sale
$127,000
26 N Glenellen Avenue, Youngstown, OH 44509
Two configured units with basement space, a fenced yard, porch, patio, and detached garage.
Property Size1,631 SF
Days on Market66
Property Features for 26 N Glenellen Avenue
General Information
Standard status
Active
Size
1,631 SF
Total Parking Spaces
2
Property subtype
Residential Income
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$437
Amenities
fenced-in yard
back patio
front porch
Building Details
Building Size
1,631 SF
Year Built
1927
Buildings
1
Stories
2
Construction
Cape Cod
Listing Agency:
Kelly Warren and Associates RE Solutions
(623) 224-7408
Listed By:
Dina Shuto · License #2023001187
(623) 224-7408
Source:
Carolgoffrealestate
Added: Jun 26
Changed: Aug 29
Last Checked: Aug 29 at 11:45AM
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 Kelly Warren and Associates RE Solutions
Investment Insights
Based on property information with market context.
Built in 1927, this Cape Cod duplex contains two distinct residential units. The first-floor layout includes a kitchen with breakfast nook or office area, living and dining rooms, two bedrooms, and a full bathroom. Upstairs, the second unit offers a kitchen, breakfast nook, living area, one bedroom, and a full bathroom. A large basement adds storage, workshop space, an additional full bathroom, and potential for finishing.
Recent and newer improvements include a roof installed in 2023, plumbing updated in 2019, a hot water tank approximately 5 years old, glass block windows, and replacement windows throughout. Exterior features include a fenced yard, back patio, large front porch, and detached garage. The property is located at 26 N Glenellen Avenue in Youngstown, Ohio.
Recent and newer improvements include a roof installed in 2023, plumbing updated in 2019, a hot water tank approximately 5 years old, glass block windows, and replacement windows throughout. Exterior features include a fenced yard, back patio, large front porch, and detached garage. The property is located at 26 N Glenellen Avenue in Youngstown, Ohio.
Key Highlights
- Duplex with two separate residential units
- First‑floor unit has 2 bedrooms; second‑floor unit has 1 bedroom
- Large basement includes an additional full bath
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
$10,984
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
8.65%
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%
$219,680
$219.7K
Cap Rate 7%
$156,914
$156.9K
Cap Rate 9%
$122,044
$122.0K
Market Conditions
NOI Build-Up for 1,631 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
$16.6K $10.20/SF
− Vacancy
−$945 −$0.58/SF
EGI
$15.7K $9.62/SF
− OpEx
−$4.7K −$2.89/SF
NOI
$11.0K $6.73/SF
Area
Mahoning County, OH
Vacancy
5.68%
Lease Rate
$10.20 /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%
$219,680
Cap Rate 7%
$156,914
Cap Rate 9%
$122,044
Alternative Uses
Best Use
Multifamily LT 5
$156.9K
$137.3K – $183.1K
NOI $10,984 @ 7.0% cap · market cap 8.65%
Second Best
Apartment 5plus
$144.6K
$126.5K – $168.7K
NOI $10,121 @ 7.0% cap · market cap 7.97%
Theoretical Best
Office A
$307.8K
$269.3K – $359.1K
NOI $21,545 @ 7.0% cap · market cap 16.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
413
Businesses Nearby
Explore this area
Business Placement
Demographics for 44509, OH
10,934
Population
5,581
Households
2
Avg Household Size
38
Median Age
15%
College-Educated
84%
High-School Grad
5.6 sq mi
ZIP Area
1,953
Density / Sq Mi
$36,472
Median Household Income
$30,544
Median Earnings
$744
Median Rent
$56,000
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 - Two configured units with basement space, a fenced yard, porch, patio, and detached garage.
Where is this duplex located?
The property is located at 26 N Glenellen Avenue Youngstown, OH.
What is the asking price?
The asking price for this property is $127,000.
What are key features of this property?
This property features: Duplex with two separate residential units; First‑floor unit has 2 bedrooms; second‑floor unit has 1 bedroom; Large basement includes an additional full bath
