Building Details

Year Built 1900

Buildings 3

Stories 2

Listing Agency: Cedar One Realty

Listed By: Emme Pierce · License #2026003846 Show Phone

Source: Evrealestate

Added: Oct 22 Changed: Oct 27 Last Checked: Oct 26 at 4:01PM

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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 Cedar One Realty

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Investment Insights

Based on property information with market context.

This residential income property contains 3,088 square feet and was built in 1900. Heating is provided by natural gas, forced air, and radiant systems. The property also includes a full basement.

Garage and off-street parking are available. The property is on McLister Avenue in Mingo Junction, Jefferson County, Ohio.

Key Highlights

• 3,088 square feet of residential income property
• Built in 1900
• Natural gas, forced‑air, and radiant heating

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$31,274

Suggested Prices Based on Cap Rates

Cap Rate 5%

$625,480 $625.5K

Cap Rate 7%

$446,771 $446.8K

Cap Rate 9%

$347,489 $347.5K

What to ask about pricing

Market Conditions

NOI Build-Up for 3,088 SF

Gross rent

$61.1K $19.80/SF

− Vacancy

−$4.3K −$1.39/SF

EGI

$56.9K $18.41/SF

− OpEx

−$25.6K −$8.29/SF

NOI

$31.3K $10.13/SF

Area

Jefferson County, OH

Vacancy

7.00%

Lease Rate

$19.80 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$625,480

Cap Rate 7%

$446,771

Cap Rate 9%

$347,489

Alternative Uses

Best Use

Apartment 5plus

$446.8K

$390.9K – $521.2K (±1% cap)

NOI $31,274 @ 7.0% cap · market cap 178.71%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$622.0K

$544.3K – $725.7K (±1% cap)

NOI $43,540 @ 7.0% cap · market cap 248.80%

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

Location Intelligence

Trade Area within ½ mile

98

Businesses Nearby

Explore this area Business Placement

Demographics for 43938, OH

5,196

Population

2,588

Households

2

Avg Household Size

45

Median Age

13%

College-Educated

92%

High-School Grad

32.7 sq mi

ZIP Area

159

Density / Sq Mi

$57,453

Median Household Income

$35,897

Median Earnings

$954

Median Rent

$97,400

Median Home Value

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Frequently Asked Questions

What type of property is this?

Residential income property - A multi-unit residential income property with natural gas heating and garage and off-street parking.

Where is this residential income property located?

The property is located at 273-305 Mclister Avenue Mingo Junction, OH.

What are key features of this property?

This property features: 3,088 square feet of residential income property; Built in 1900; Natural gas, forced‑air, and radiant heating