Duplex with Stamped-Concrete
New
For Sale
$440,000
3153 N River Road, Stow, OH 44224
ResidentialIncome, Stow, OH
Property Size3,060 SF
Lot Size1.02 Acres
Price / SF$143.79
Days on Market2
Property Features for 3153 N River Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Half bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bedroom 2, Laundry Room, Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 4, Bathroom 3
Parking features
Driveway, Garage
Window features
Skylight(s)
Fencing
Privacy
Appliances
Dryer, Dishwasher, Microwave, Range, Refrigerator, WaterSoftener, Washer
Subdivision
Stow
Elementary school district
Stow-Munroe Falls CS - 7714
Middle school district
Stow-Munroe Falls CS - 7714
High school district
Stow-Munroe Falls CS - 7714
Directions
N. River Road.
Standard status
Active
APN
5610934
Size
3,060 SF
Lot size
1.02 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 20 N OF N RIVER RD 135 FT FRT 1.02 AC
Tax Annual Amount
5381
Legal Description
LOT 20 N OF N RIVER RD 135 FT FRT 1.02 AC
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
wood-burning fireplace
stamped-concrete patio
low-voltage lighting
privacy fencing
professional landscaping
multiple sheds
attached garage
Building Details
Year built
1985
Floors in Building
2
Building materials
Stucco
Roof type
Shingle
Listing Agency:
Keller Williams Chervenic Rlty · Keller Williams Realty
(330) 686-1644
Listed By:
Brad A Miklovich · License #2013001390
(216) 287-6357
Added: Sep 30
Last Checked: Oct 1 at 6:06PM
MLS# 5248606
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.
This 3,060-square-foot duplex in Stow contains two units, each with two bedrooms, one full bathroom and one half bath. Interior features include living and dining areas, kitchens, laundry rooms, and wood-burning fireplaces. The 1.02-acre parcel also has an attached garage, multiple sheds, privacy fencing and a 35' x 24' stamped-concrete patio with low-voltage lighting.
Property improvements include a 2025 hot water tank, water softener upgrades in 2026, whole-house water filtration, an updated electrical panel, foundation waterproofing with a French drain, and gutter guards. Public water and sewer serve the property; heating is natural gas, with central air conditioning.
Property improvements include a 2025 hot water tank, water softener upgrades in 2026, whole-house water filtration, an updated electrical panel, foundation waterproofing with a French drain, and gutter guards. Public water and sewer serve the property; heating is natural gas, with central air conditioning.
Key Highlights
- Two units, each with two bedrooms, one full bath and one half bath
- 3,060 square feet on a 1.02‑acre parcel
- 35' x 24' stamped‑concrete patio with low‑voltage lighting
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
$28,023
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
6.37%
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%
$560,460
$560.5K
Cap Rate 7%
$400,329
$400.3K
Cap Rate 9%
$311,367
$311.4K
Market Conditions
NOI Build-Up for 3,060 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
$42.2K $13.80/SF
− Vacancy
−$2.2K −$0.72/SF
EGI
$40.0K $13.08/SF
− OpEx
−$12.0K −$3.92/SF
NOI
$28.0K $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%
$560,460
Cap Rate 7%
$400,329
Cap Rate 9%
$311,367
Alternative Uses
Best Use
Multifamily LT 5
$400.3K
$350.3K – $467.1K
NOI $28,023 @ 7.0% cap · market cap 6.37%
Second Best
Apartment 5plus
$350.5K
$306.7K – $408.9K
NOI $24,532 @ 7.0% cap · market cap 5.58%
Theoretical Best
Office A
$751.0K
$657.1K – $876.1K
NOI $52,567 @ 7.0% cap · market cap 11.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
90
Businesses Nearby
Explore this area
Business Placement
Demographics for 44224, OH
38,709
Population
16,826
Households
2.3
Avg Household Size
42
Median Age
49%
College-Educated
96%
High-School Grad
20.4 sq mi
ZIP Area
1,898
Density / Sq Mi
$91,096
Median Household Income
$48,624
Median Earnings
$1,190
Median Rent
$243,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units share an attached garage, with private outdoor space and multiple storage sheds on the property.
Where is this duplex located?
The property is located at 3153 N River Road Stow, OH.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: Two units, each with two bedrooms, one full bath and one half bath; 3,060 square feet on a 1.02‑acre parcel; 35' x 24' stamped‑concrete patio with low‑voltage lighting
