Duplex With Detached
For Sale
Contact for pricing
3004 Southern Boulevard, Youngstown, OH 44507
Two-unit residential property with a full basement, multiple entrances, fenced outdoor space, and substantial renovation needs.
Property Size1,452 SF
Price / SF$10.33
Days on Market73
Property Features for 3004 Southern Boulevard
General Information
Standard status
Active
Size
1,452 SF
Total Parking Spaces
1
Property subtype
Multi-Family
Property Condition
Severity
Major Repairs Needed
Evidence
full gut rehab
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
full basement
fence
patio
Building Details
Year Built
1925
Buildings
1
Listing Agency:
Joseph Walter Realty, LLC.
Listed By:
Scott Fader · License #3491231
(248) 390-8242
Source:
Theacclaimedrealty
Added: Aug 15
Changed: Oct 25
Last Checked: Oct 24 at 10:19PM
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 Joseph Walter Realty, LLC.
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Investment Insights
Based on property information with market context.
This two-unit residential property contains 1,452 square feet with a layout of 4 total beds and 2 baths, or 2 beds and 1 bath per unit. The building includes a full basement and separate front, side, and rear entrances. Extensive gut rehabilitation is needed, and the property is offered in its current As-Is condition.
Exterior features include a detached 1-car garage at the rear, fencing, and a patio. The duplex configuration provides two distinct residential units within the building, with existing access points that support the current setup.
Exterior features include a detached 1-car garage at the rear, fencing, and a patio. The duplex configuration provides two distinct residential units within the building, with existing access points that support the current setup.
Key Highlights
- Duplex layout with 4 total beds and 2 baths
- Each unit is configured with 2 beds and 1 bath
- 1,452 square feet with a full basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,010
Suggested Prices Based on Cap Rates
Cap Rate 5%
$180,200
$180.2K
Cap Rate 7%
$128,714
$128.7K
Cap Rate 9%
$100,111
$100.1K
Market Conditions
NOI Build-Up for 1,452 SF
Gross rent
$17.4K $12.00/SF
− Vacancy
−$1.0K −$0.72/SF
EGI
$16.4K $11.28/SF
− OpEx
−$7.4K −$5.08/SF
NOI
$9.0K $6.21/SF
Area
Mahoning County, OH
Vacancy
5.98%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$180,200
Cap Rate 7%
$128,714
Cap Rate 9%
$100,111
Alternative Uses
Best Use
Multifamily LT 5
$139.7K
$122.2K – $163.0K
NOI $9,778 @ 7.0% cap · market cap 65.19%
Second Best
Apartment 5plus
$128.7K
$112.6K – $150.2K
NOI $9,010 @ 7.0% cap · market cap 60.07%
Theoretical Best
Office A
$274.0K
$239.8K – $319.7K
NOI $19,180 @ 7.0% cap · market cap 127.87%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
328
Businesses Nearby
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Business Placement
Demographics for 44507, OH
4,598
Population
2,165
Households
2.1
Avg Household Size
36
Median Age
7%
College-Educated
78%
High-School Grad
1.7 sq mi
ZIP Area
2,705
Density / Sq Mi
$25,767
Median Household Income
$23,685
Median Earnings
$785
Median Rent
$27,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with a full basement, multiple entrances, fenced outdoor space, and substantial renovation needs.
Where is this duplex located?
The property is located at 3004 Southern Boulevard Youngstown, OH.
What are key features of this property?
This property features: Duplex layout with 4 total beds and 2 baths; Each unit is configured with 2 beds and 1 bath; 1,452 square feet with a full basement
