Mixed-Use Property with
2840-2842 Mahoning Ave, Youngstown, OH 44509
For Sale
$145,000
Open commercial space occupies the first floor beneath a three-bedroom residence.
Property Size1,932 SF
Price / SF$75.05
Days on Market40
Property Features for 2840-2842 Mahoning Ave
General Information
Standard status
Size
Building Details
Year Built
Listing Agency:
Burgan Real Estate
Listed By:
Melissa Birmingham · License #2020006371
(330) 429-8511
Source:
Theacclaimedrealty
Added: Sep 30
Changed: Oct 25
Last Checked: Nov 3 at 11:11AM
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 Burgan Real Estate
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Investment Insights
Based on property information with market context.
The first floor provides an open commercial area with a half bath, washer and dryer connections, and a kitchenette with a gas line hookup. Above it, the apartment has three bedrooms, a full bath with tile flooring, and a kitchen finished with granite countertops. Keyless entry serves the residence, and vinyl windows are installed on both levels.
A walkout basement with Bilco storm doors, a storage shed, and a gated rear lot add functional features. Parking is available at both the front and rear, with at least ten spaces in total.
A walkout basement with Bilco storm doors, a storage shed, and a gated rear lot add functional features. Parking is available at both the front and rear, with at least ten spaces in total.
Key Highlights
- Three‑bedroom apartment above open commercial space
- At least 10 parking spaces across the front and rear
- First‑floor commercial area includes a half bath and kitchenette with gas line hookup
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,086
Cap Rate
4.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$121,720
$121.7K
Cap Rate 7%
$86,943
$86.9K
Cap Rate 9%
$67,622
$67.6K
Market Conditions
NOI Build-Up for 1,932 SF
Gross rent
$11.6K $6.00/SF
− Vacancy
−$2.9K −$1.50/SF
EGI
$8.7K $4.50/SF
− OpEx
−$2.6K −$1.35/SF
NOI
$6.1K $3.15/SF
Area
Mahoning County, OH
Vacancy
25.00%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$121,720
Cap Rate 7%
$86,943
Cap Rate 9%
$67,622
Alternative Uses
Best Use
Mixed Use
$207.0K
$181.1K – $241.5K
NOI $14,490 @ 7.0% cap · market cap 9.99%
Second Best
Retail
$86.9K
$76.1K – $101.4K
NOI $6,086 @ 7.0% cap · market cap 4.20%
Theoretical Best
Office A
$364.6K
$319.0K – $425.4K
NOI $25,521 @ 7.0% cap · market cap 17.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
405
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 Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Open commercial space occupies the first floor beneath a three-bedroom residence.
Where is this mixed-use property located?
The property is located at 2840-2842 Mahoning Ave Youngstown, OH.
What is the asking price?
The asking price for this property is $145,000.
What are key features of this property?
This property features: Three‑bedroom apartment above open commercial space; At least 10 parking spaces across the front and rear; First‑floor commercial area includes a half bath and kitchenette with gas line hookup
