Updated Two-Unit
For Sale
$420,000
Pending
2670-2672 Graham Road, Stow, OH 44224
Two residences offer refreshed interiors, five bedrooms, and private outdoor features including a fenced yard and covered deck.
Property Size2,288 SF
Days on Market26
Property Features for 2670-2672 Graham Road
General Information
Standard status
Pending
Size
2,288 SF
Property subtype
Residential Income / Duplex
Taxes and HOA fees
Annual Taxes
$6,030
Amenities
Central Air
Gas
Full, Sump Pump
Refrigerator
Yes
4
5
Electric Dryer Hookup, In Basement
Eat In Kitchen, Open Floorplan
Smoke Detectors
Asphalt, Fiberglass
Back Yard
1
No
Private Yard
Building Details
Year Built
1996
Buildings
1
Listing Agency:
Century 21 Homestar
Listed By:
Narayani Khanal · License #2020004901
(234) 237-2644
Source:
Compass
Added: Aug 14
Changed: Sep 8
Last Checked: Sep 8 at 2:32PM
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 Century 21 Homestar
Investment Insights
Based on property information with market context.
Built in 1996, this 2,288-square-foot duplex includes two separate residences with practical layouts. The 2670 unit has 2 bedrooms, 1 full bathroom, and a basement half bath, while 2672 provides 3 bedrooms, 1 full bathroom, and 1 half bath. Both units include central air, gas service, refrigerators, smoke detectors, and eat-in kitchens with open floorplans. Basement laundry hookups are available, with a sump pump also included.
Interior improvements include new flooring in both units completed in 2021 and fresh interior paint. The roof is approximately 5 years old, and the 2670 unit has a new furnace. Exterior features include a fully fenced backyard, private yard space, a new storage shed, and a covered deck area. Half of the deck roof was added in 2018. The property is located at 2670-2672 Graham Road in Stow, Ohio 44224.
Interior improvements include new flooring in both units completed in 2021 and fresh interior paint. The roof is approximately 5 years old, and the 2670 unit has a new furnace. Exterior features include a fully fenced backyard, private yard space, a new storage shed, and a covered deck area. Half of the deck roof was added in 2018. The property is located at 2670-2672 Graham Road in Stow, Ohio 44224.
Key Highlights
- 2,288‑square‑foot duplex built in 1996
- 2670 unit: 2 bedrooms, 1 full bathroom, and a basement half bath
- 2672 unit: 3 bedrooms, 1 full bathroom, and 1 half 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
$20,953
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
4.99%
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%
$419,060
$419.1K
Cap Rate 7%
$299,329
$299.3K
Cap Rate 9%
$232,811
$232.8K
Market Conditions
NOI Build-Up for 2,288 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
$31.6K $13.80/SF
− Vacancy
−$1.6K −$0.72/SF
EGI
$29.9K $13.08/SF
− OpEx
−$9.0K −$3.92/SF
NOI
$21.0K $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 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%
$419,060
Cap Rate 7%
$299,329
Cap Rate 9%
$232,811
Alternative Uses
Best Use
Multifamily LT 5
$299.3K
$261.9K – $349.2K
NOI $20,953 @ 7.0% cap · market cap 4.99%
Second Best
Apartment 5plus
$262.0K
$229.3K – $305.7K
NOI $18,343 @ 7.0% cap · market cap 4.37%
Theoretical Best
Office A
$561.5K
$491.3K – $655.1K
NOI $39,305 @ 7.0% cap · market cap 9.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
293
Businesses Nearby
Explore this area
Business Placement
Demographics for 44224, OH
38,709
Population
16,826
Households
2.3
Avg Household Size
42
Median Age
49%
College-Educated
96%
High-School Grad
20.4 sq mi
ZIP Area
1,898
Density / Sq Mi
$91,096
Median Household Income
$48,624
Median Earnings
$1,190
Median Rent
$243,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer refreshed interiors, five bedrooms, and private outdoor features including a fenced yard and covered deck.
Where is this duplex located?
The property is located at 2670-2672 Graham Road Stow, OH.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: 2,288‑square‑foot duplex built in 1996; 2670 unit: 2 bedrooms, 1 full bathroom, and a basement half bath; 2672 unit: 3 bedrooms, 1 full bathroom, and 1 half bath
