Two-Home Duplex
New
For Sale
$139,900
275 21st Street NW, Barberton, OH 44203
ResidentialIncome, Barberton, OH
Property Size1,000 SF
Lot Size0.13 Acres
Price / SF$139.90
Days on Market5
Property Features for 275 21st Street NW
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bedroom 3, Bedroom 4, Bedroom 2, Laundry Room, Bathroom 1, Bedroom 1, Bathroom 2
Parking features
Driveway
Subdivision
S S
Elementary school district
Barberton CSD - 7702
Middle school district
Barberton CSD - 7702
High school district
Barberton CSD - 7702
Directions
West Hopocan to 21St NW homes are on the left hand side.
Standard status
Active
APN
0102370
Size
1,000 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SS LOT 231 N 30FT LOT 232 S 10FT
Tax Annual Amount
2146
Legal Description
SS LOT 231 N 30FT LOT 232 S 10FT
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Amenities
central air conditioning
garden
Building Details
Year built
1894
Floors in Building
2
Building materials
AluminumSiding, VinylSiding, WoodSiding
Roof type
Asphalt, Fiberglass
Listing Agency:
EXP Realty, LLC.
(866) 212-4991
Listed By:
Staci Gardner · License #2010002422
(330) 696-3032
Added: Aug 17
Changed: Aug 20
Last Checked: Aug 21 at 1:06PM
MLS# 5237404
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.
Investment Insights
Based on property information with market context.
This duplex property consists of two single-family homes situated on one parcel. The front residence has a living room, dining area, kitchen, main-level full bathroom, and two upstairs bedrooms, along with central air conditioning and kitchen appliances. The rear residence provides a living room, dining area, galley kitchen, main-level full bathroom, and two upstairs bedrooms. Vinyl plank flooring runs throughout the rear home's main level, and its appliances remain.
Outdoor space includes a maintained garden area. The property also features driveway parking, forced-air natural gas heating, public water, and public sewer. The homes date to 1894 and include aluminum, vinyl, and wood siding, with fiberglass and asphalt roofing. Located at 275 21st Street NW in Barberton, Ohio, the property is identified by postal code 44203.
Outdoor space includes a maintained garden area. The property also features driveway parking, forced-air natural gas heating, public water, and public sewer. The homes date to 1894 and include aluminum, vinyl, and wood siding, with fiberglass and asphalt roofing. Located at 275 21st Street NW in Barberton, Ohio, the property is identified by postal code 44203.
Key Highlights
- Two single‑family homes on one parcel
- Each home includes 2 bedrooms and a main‑level full bathroom
- Front home offers central air conditioning and kitchen appliances
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
$9,158
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
6.55%
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%
$183,160
$183.2K
Cap Rate 7%
$130,829
$130.8K
Cap Rate 9%
$101,756
$101.8K
Market Conditions
NOI Build-Up for 1,000 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
$13.8K $13.80/SF
− Vacancy
−$718 −$0.72/SF
EGI
$13.1K $13.08/SF
− OpEx
−$3.9K −$3.92/SF
NOI
$9.2K $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%
$183,160
Cap Rate 7%
$130,829
Cap Rate 9%
$101,756
Alternative Uses
Best Use
Multifamily LT 5
$130.8K
$114.5K – $152.6K
NOI $9,158 @ 7.0% cap · market cap 6.55%
Second Best
Apartment 5plus
$114.5K
$100.2K – $133.6K
NOI $8,017 @ 7.0% cap · market cap 5.73%
Theoretical Best
Office A
$245.4K
$214.7K – $286.3K
NOI $17,179 @ 7.0% cap · market cap 12.28%
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
262
Businesses Nearby
Explore this area
Business Placement
Demographics for 44203, OH
39,577
Population
18,198
Households
2.2
Avg Household Size
43
Median Age
21%
College-Educated
91%
High-School Grad
35.0 sq mi
ZIP Area
1,131
Density / Sq Mi
$59,124
Median Household Income
$36,954
Median Earnings
$832
Median Rent
$148,300
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 separate homes share one parcel, each offering two bedrooms and a main-level full bathroom.
Where is this duplex located?
The property is located at 275 21st Street NW Barberton, OH.
What is the asking price?
The asking price for this property is $139,900.
What are key features of this property?
This property features: Two single‑family homes on one parcel; Each home includes 2 bedrooms and a main‑level full bathroom; Front home offers central air conditioning and kitchen appliances
