4-Unit Brick
For Sale
$379,000
2890 Bailey Road Cuyahoga, Cuyahoga Falls, OH 44221
Three one-bedroom residences and one two-bedroom residence provide a varied unit mix.
Property Size2,622 SF
Days on Market194
Property Features for 2890 Bailey Road Cuyahoga
General Information
Standard status
Active
Size
2,622 SF
Property subtype
Quadruplex
Units
Unit Mix
3 x 1BR, 1 x 2BR
Multifamily Units
4
Amenities
laundry
storage
Forced Air
Gas
Flat
Building Details
Building Size
2,622 SF
Year Built
1950
Buildings
1
Construction
brick
Listing Agency:
Chervenic Realty - Hudson
(330) 802-1675
Listed By:
Patricia Kurtz · License #c2006007481
(330) 802-1675
Source:
Kw
Added: Feb 17
Changed: Aug 29
Last Checked: Aug 29 at 1:27PM
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 Chervenic Realty - Hudson
Investment Insights
Based on property information with market context.
Built in 1950, this all-brick quadplex contains three one-bedroom units and one two-bedroom unit. Each residence has a separate exterior entrance, newer kitchen appliances, and hardwood flooring. Forced-air heating and gas service support the building’s operation.
A common interior hallway connects the units and leads to a basement with storage and laundry facilities. The basement has been waterproofed, and the roof was replaced in 2023. One one-bedroom unit and shared areas received a full renovation that included flooring, cabinets, countertops, and paint. The property is located on a residential corner in Cuyahoga Falls, Ohio.
A common interior hallway connects the units and leads to a basement with storage and laundry facilities. The basement has been waterproofed, and the roof was replaced in 2023. One one-bedroom unit and shared areas received a full renovation that included flooring, cabinets, countertops, and paint. The property is located on a residential corner in Cuyahoga Falls, Ohio.
Key Highlights
- Four‑unit all‑brick quadplex built in 1950
- Unit mix includes three one‑bedroom units and one two‑bedroom unit
- Roof replacement completed in 2023
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
$24,011
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
6.34%
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%
$480,220
$480.2K
Cap Rate 7%
$343,014
$343.0K
Cap Rate 9%
$266,789
$266.8K
Market Conditions
NOI Build-Up for 2,622 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
$36.2K $13.80/SF
− Vacancy
−$1.9K −$0.72/SF
EGI
$34.3K $13.08/SF
− OpEx
−$10.3K −$3.92/SF
NOI
$24.0K $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%
$480,220
Cap Rate 7%
$343,014
Cap Rate 9%
$266,789
Alternative Uses
Best Use
Multifamily LT 5
$343.0K
$300.1K – $400.2K
NOI $24,011 @ 7.0% cap · market cap 6.34%
Second Best
Apartment 5plus
$300.3K
$262.8K – $350.4K
NOI $21,021 @ 7.0% cap · market cap 5.55%
Theoretical Best
Office A
$643.5K
$563.0K – $750.7K
NOI $45,042 @ 7.0% cap · market cap 11.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
294
Businesses Nearby
Explore this area
Business Placement
Demographics for 44221, OH
29,601
Population
14,379
Households
2.1
Avg Household Size
39
Median Age
31%
College-Educated
93%
High-School Grad
6.4 sq mi
ZIP Area
4,625
Density / Sq Mi
$61,893
Median Household Income
$40,060
Median Earnings
$1,026
Median Rent
$160,400
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?
Quadplex - Three one-bedroom residences and one two-bedroom residence provide a varied unit mix.
Where is this quadplex located?
The property is located at 2890 Bailey Road Cuyahoga Cuyahoga Falls, OH.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: Four‑unit all‑brick quadplex built in 1950; Unit mix includes three one‑bedroom units and one two‑bedroom unit; Roof replacement completed in 2023
