Single-Story
For Sale
$199,900
277 Devinney Ave, Louisville, OH 44641
The two-unit property has one vacant residence and one residence under a month-to-month lease.
Property Size1,760 SF
Price / SF$113.58
Days on Market18
Property Features for 277 Devinney Ave
General Information
Standard status
Active
Size
1,760 SF
Property subtype
Residential Income
Property Condition
Severity
Repairs Needed
Evidence
Back patio roof needs work
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,529
Building Details
Stories
1
Construction
Ranch style
Listing Agency:
DeHOFF REALTORS
(330) 499-8153
Listed By:
David L Maltese · License #403199
(330) 936-0865
Source:
Exprealty
Added: Sep 28
Changed: Oct 13
Last Checked: Oct 15 at 2:44AM
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 DeHOFF REALTORS
Investment Insights
Based on property information with market context.
This single-story duplex contains 1,760 square feet. One residence is vacant, while the other is occupied under a month-to-month lease. The property is being offered in as-is condition as part of an estate sale; the roof over the rear patio requires work.
The duplex is on a private dead-end street at 277 Devinney Ave in Louisville, Ohio.
The duplex is on a private dead-end street at 277 Devinney Ave in Louisville, Ohio.
Key Highlights
- Single‑story duplex with 1,760 square feet
- Two residences: one vacant and one on a month‑to‑month lease
- Rear patio roof requires work
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,722
Cap Rate
7.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$294,440
$294.4K
Cap Rate 7%
$210,314
$210.3K
Cap Rate 9%
$163,578
$163.6K
Market Conditions
NOI Build-Up for 1,760 SF
Gross rent
$21.8K $12.36/SF
− Vacancy
−$722 −$0.41/SF
EGI
$21.0K $11.95/SF
− OpEx
−$6.3K −$3.58/SF
NOI
$14.7K $8.36/SF
Area
Stark County, OH
Vacancy
3.32%
Lease Rate
$12.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$294,440
Cap Rate 7%
$210,314
Cap Rate 9%
$163,578
Alternative Uses
Best Use
Multifamily LT 5
$210.3K
$184.0K – $245.4K
NOI $14,722 @ 7.0% cap · market cap 7.36%
Second Best
Apartment 5plus
$184.2K
$161.1K – $214.9K
NOI $12,891 @ 7.0% cap · market cap 6.45%
Theoretical Best
Retail
$459.5K
$402.1K – $536.1K
NOI $32,166 @ 7.0% cap · market cap 16.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
89
Businesses Nearby
Explore this area
Business Placement
Demographics for 44641, OH
20,399
Population
8,412
Households
2.4
Avg Household Size
44
Median Age
25%
College-Educated
96%
High-School Grad
54.9 sq mi
ZIP Area
372
Density / Sq Mi
$78,128
Median Household Income
$42,035
Median Earnings
$834
Median Rent
$199,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - The two-unit property has one vacant residence and one residence under a month-to-month lease.
Where is this duplex located?
The property is located at 277 Devinney Ave Louisville, OH.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Single‑story duplex with 1,760 square feet; Two residences: one vacant and one on a month‑to‑month lease; Rear patio roof requires work
