Ranch Duplex with Separate
For Sale
Under Contract
$139,900
3025 Northgate Avenue, Youngstown, OH 44505
MULTI_FAMILY - Youngstown, OH
Property Size1,632 SF
Lot Size0.23 Acres
Price / SF$85.72
Days on Market157
Property Features for 3025 Northgate Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 3, Bedroom 1, Bedroom 4, Bathroom 2, Laundry Room, Bedroom 5, Bathroom 1
Parking features
Driveway
Subdivision
Colonial Heights
Elementary school district
Liberty LSD - 7813
Middle school district
Liberty LSD - 7813
High school district
Liberty LSD - 7813
Directions
Belmont Ave. to Colonial to Green Acres to Northgate.
Standard status
Active Under Contract
APN
12-153533
Size
1,632 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
127 67F COLONIAL HTS 5 REPLAT NORTHGATE DR
Tax Annual Amount
1668
Legal Description
127 67F COLONIAL HTS 5 REPLAT NORTHGATE DR
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Wall Unit(s)
Water source
Public
Amenities
separate laundry hookups
lawn maintenance included
Building Details
Year built
1957
Floors in Building
1
Building materials
AluminumSiding
Roof type
Asphalt, Fiberglass
Listing Agency:
Tri Sun Real Estate
(330) 792-2216
Listed By:
Cynthia L Cursaro · License #306081
(330) 792-2216
Added: Mar 5
Changed: Aug 1
Last Checked: Aug 9 at 3:06PM
MLS# 5191228
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.
Ranch duplex located at 3025 Northgate Avenue, Youngstown, OH 44505, built in 1957 and constructed with aluminum siding. The property offers a 3-bedroom, 1-bath unit and a 2-bedroom, 1-bath unit. Each unit has separate laundry hookups, and the units are separately metered for gas, electric, and water, with tenants paying their own utilities. The owner pays lawn maintenance only.
Both units are tenant occupied with tenants who have expressed their intent to stay. One unit was updated in 2023 before the tenant took possession, and the other was updated in 2025 before the tenant took possession, with updates including kitchen, flooring, and paint. A roof was installed about 10 years ago, and all windows were put in within the last 5 years. Heating is natural gas forced air and cooling is via wall unit(s). Parking is provided by a driveway.
The home is on public water and served by public sewer. With 0.2323 acres and 1,632 square feet, it provides two self-contained rental units with an owner-light expense profile tied to tenant-paid utilities.
Both units are tenant occupied with tenants who have expressed their intent to stay. One unit was updated in 2023 before the tenant took possession, and the other was updated in 2025 before the tenant took possession, with updates including kitchen, flooring, and paint. A roof was installed about 10 years ago, and all windows were put in within the last 5 years. Heating is natural gas forced air and cooling is via wall unit(s). Parking is provided by a driveway.
The home is on public water and served by public sewer. With 0.2323 acres and 1,632 square feet, it provides two self-contained rental units with an owner-light expense profile tied to tenant-paid utilities.
Key Highlights
- Ranch duplex built in 1957 with 1,632 SF and 0.2323 acres
- Two units: 3‑bedroom, 1‑bath and 2‑bedroom, 1‑bath
- Separately metered gas, electric, and water; tenants pay their own utilities
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
$10,991
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
7.86%
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%
$219,820
$219.8K
Cap Rate 7%
$157,014
$157.0K
Cap Rate 9%
$122,122
$122.1K
Market Conditions
NOI Build-Up for 1,632 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
$16.6K $10.20/SF
− Vacancy
−$946 −$0.58/SF
EGI
$15.7K $9.62/SF
− OpEx
−$4.7K −$2.89/SF
NOI
$11.0K $6.73/SF
Area
Mahoning County, OH
Vacancy
5.68%
Lease Rate
$10.20 /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%
$219,820
Cap Rate 7%
$157,014
Cap Rate 9%
$122,122
Alternative Uses
Best Use
Multifamily LT 5
$157.0K
$137.4K – $183.2K
NOI $10,991 @ 7.0% cap · market cap 7.86%
Second Best
Apartment 5plus
$144.7K
$126.6K – $168.8K
NOI $10,127 @ 7.0% cap · market cap 7.24%
Theoretical Best
Office A
$308.0K
$269.5K – $359.3K
NOI $21,558 @ 7.0% cap · market cap 15.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
647
Businesses Nearby
Explore this area
Business Placement
Demographics for 44505, OH
17,048
Population
7,524
Households
2.3
Avg Household Size
39
Median Age
17%
College-Educated
86%
High-School Grad
18.0 sq mi
ZIP Area
947
Density / Sq Mi
$36,480
Median Household Income
$28,270
Median Earnings
$644
Median Rent
$82,100
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 - Ranch duplex with separately metered utilities and individual laundry hookups for each unit.
Where is this duplex located?
The property is located at 3025 Northgate Avenue Youngstown, 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: Ranch duplex built in 1957 with 1,632 SF and 0.2323 acres; Two units: 3‑bedroom, 1‑bath and 2‑bedroom, 1‑bath; Separately metered gas, electric, and water; tenants pay their own utilities
