All-Brick Fully Rented
For Sale
Under Contract
$349,900
321 Meadowbrook Avenue, Youngstown, OH 44512
MULTI_FAMILY - Youngstown, OH
Property Size2,716 SF
Lot Size0.59 Acres
Price / SF$128.83
Days on Market180
Property Features for 321 Meadowbrook Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bedroom 5, Basement, Bathroom 1, Bedroom 4, Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 3
Parking features
Garage
Subdivision
Maimfeldt 01
Elementary school district
Boardman LSD - 5002
Middle school district
Boardman LSD - 5002
High school district
Boardman LSD - 5002
Directions
St. Rt. 224 - Right on Meadowbrook - Cross over Southern Blvd - duplex is on the right hand side
Standard status
Active Under Contract
APN
29-008-0-018.00-0
Size
2,716 SF
Lot size
0.59 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 2 87.63 X 295.13 MALMFELDT PL 1
Tax Annual Amount
3177
Legal Description
LOT 2 87.63 X 295.13 MALMFELDT PL 1
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Amenities
in-unit laundry
central air
Building Details
Year built
1969
Floors in Building
1
Building materials
Brick
Roof type
Asphalt
Listing Agency:
Keller Williams Chervenic Rlty · Keller Williams Realty
(330) 967-4300
Listed By:
Holly Ritchie · License #2001021919
(330) 360-5323
Added: Feb 13
Changed: Aug 4
Last Checked: Aug 12 at 2:06PM
MLS# 5186975
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 all-brick duplex in the Boardman School District is built for straightforward owner-occupant or income use, with two completely separate units. The property includes a full basement and in-home laundry for each unit, plus attached garages. Both units are centrally connected with central air, and the home is heated with natural gas forced air. Asphalt shingle roofing and a solid brick exterior complete the exterior improvements, and the duplex is set well back from the road on a 0.589-acre lot.
The property is fully occupied and served by public water and public sewer. Tenants pay their own electric and gas, while the owner covers water. The duplex was built in 1969, with a new roof scheduled for 2026 and a new front porch added in 2020.
Each unit is independently configured, with Unit A featuring two bedrooms and Unit B featuring three bedrooms, and both include attached garage parking and full basement space for storage.
The property is fully occupied and served by public water and public sewer. Tenants pay their own electric and gas, while the owner covers water. The duplex was built in 1969, with a new roof scheduled for 2026 and a new front porch added in 2020.
Each unit is independently configured, with Unit A featuring two bedrooms and Unit B featuring three bedrooms, and both include attached garage parking and full basement space for storage.
Key Highlights
- All‑brick duplex on a 0.589‑acre lot with separate units
- Fully occupied duplex with two attached garages and full basements
- 2,716 SF duplex built in 1969 with central air and gas forced‑air heat
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
$18,291
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
5.23%
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%
$365,820
$365.8K
Cap Rate 7%
$261,300
$261.3K
Cap Rate 9%
$203,233
$203.2K
Market Conditions
NOI Build-Up for 2,716 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
$27.7K $10.20/SF
− Vacancy
−$1.6K −$0.58/SF
EGI
$26.1K $9.62/SF
− OpEx
−$7.8K −$2.89/SF
NOI
$18.3K $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%
$365,820
Cap Rate 7%
$261,300
Cap Rate 9%
$203,233
Alternative Uses
Best Use
Multifamily LT 5
$261.3K
$228.6K – $304.9K
NOI $18,291 @ 7.0% cap · market cap 5.23%
Second Best
Apartment 5plus
$240.8K
$210.7K – $280.9K
NOI $16,854 @ 7.0% cap · market cap 4.82%
Theoretical Best
Office A
$512.5K
$448.5K – $598.0K
NOI $35,877 @ 7.0% cap · market cap 10.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
342
Businesses Nearby
Explore this area
Business Placement
Demographics for 44512, OH
33,282
Population
15,770
Households
2.1
Avg Household Size
44
Median Age
35%
College-Educated
94%
High-School Grad
17.0 sq mi
ZIP Area
1,958
Density / Sq Mi
$62,311
Median Household Income
$38,828
Median Earnings
$788
Median Rent
$158,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - All-brick Boardman-area duplex with two separate units, central air, attached garages, and basements, fully occupied.
Where is this duplex located?
The property is located at 321 Meadowbrook Avenue Youngstown, OH.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: All‑brick duplex on a 0.589‑acre lot with separate units; Fully occupied duplex with two attached garages and full basements; 2,716 SF duplex built in 1969 with central air and gas forced‑air heat
