Duplex with Slate
For Sale
$235,000
Pending
328-330 E Washington Street, Lisbon, OH 44432
ResidentialIncome, Lisbon, OH
Property Size3,104 SF
Lot Size0.79 Acres
Days on Market177
Property Features for 328-330 E Washington Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
8
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bedroom 2, Bedroom 7, Bedroom 5, Bedroom 4, Bedroom 6, Bathroom 1, Bedroom 3, Laundry Room, Bathroom 2, Bedroom 8, Bedroom 1
Parking features
Off Street, Driveway
Window features
Wood Frames
Interior features
EntranceFoyer, HighCeilings, Pantry
Appliances
Range, Refrigerator
Lot features
City Lot
Elementary school district
Lisbon EVSD - 1507
Middle school district
Lisbon EVSD - 1507
High school district
Lisbon EVSD - 1507
Directions
E Washinton Street in the Village of Lisbon
Standard status
Pending
APN
0900014000
Size
3,104 SF
Lot size
0.79 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
3 14 13 S M SE 1/4 .25A
Tax Annual Amount
1048
Legal Description
3 14 13 S M SE 1/4 .25A
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1867
Floors in Building
2
Building materials
WoodSiding
Roof type
Slate
Listing Agency:
Cedar One Realty
(330) 932-0895
Listed By:
Dana L Channels · License #2007004904
(330) 540-5476
Added: Feb 26
Changed: Aug 20
Last Checked: Aug 22 at 8:06AM
MLS# 5188895
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 duplex investment property offers classic historical character and a functional two-unit layout. Each side includes four bedrooms, along with its own basement with laundry hook-ups. Interior features listed include an entrance foyer, high ceilings, and a pantry, and the home is heated with natural gas forced air. Wood siding and a slate roof are part of the construction, and public utilities are available with public water and public sewer.
Both sides are currently rented. A covenant is attached to the deed requiring review of any changes to the structure to help retain historic integrity, and 24-hour notice is required to view. Off-street parking is provided with two parking spaces in the back driveway, and there is an extra lot to one side of the home.
The property is located at 328-330 E Washington Street in Lisbon, Ohio, in Columbiana County. The lot size is 0.7908 acres and the property size is 3,104 square feet, built in 1867.
Both sides are currently rented. A covenant is attached to the deed requiring review of any changes to the structure to help retain historic integrity, and 24-hour notice is required to view. Off-street parking is provided with two parking spaces in the back driveway, and there is an extra lot to one side of the home.
The property is located at 328-330 E Washington Street in Lisbon, Ohio, in Columbiana County. The lot size is 0.7908 acres and the property size is 3,104 square feet, built in 1867.
Key Highlights
- Four bedrooms on each side of the duplex
- Each side has its own basement with laundry hook‑ups
- Both sides currently rented; 24‑hour notice required to view
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
$21,110
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
8.98%
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%
$422,200
$422.2K
Cap Rate 7%
$301,571
$301.6K
Cap Rate 9%
$234,556
$234.6K
Market Conditions
NOI Build-Up for 3,104 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
$31.7K $10.20/SF
− Vacancy
−$1.5K −$0.48/SF
EGI
$30.2K $9.72/SF
− OpEx
−$9.0K −$2.91/SF
NOI
$21.1K $6.80/SF
Area
Columbiana County, OH
Vacancy
4.75%
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%
$422,200
Cap Rate 7%
$301,571
Cap Rate 9%
$234,556
Alternative Uses
Best Use
Multifamily LT 5
$301.6K
$263.9K – $351.8K
NOI $21,110 @ 7.0% cap · market cap 8.98%
Second Best
Apartment 5plus
$278.0K
$243.3K – $324.4K
NOI $19,462 @ 7.0% cap · market cap 8.28%
Theoretical Best
Warehouse
$2.62M
$2.29M – $3.06M
NOI $183,538 @ 7.0% cap · market cap 78.10%
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
Location Intelligence
Trade Area within ½ mile
312
Businesses Nearby
Explore this area
Business Placement
Demographics for 44432, OH
12,276
Population
4,768
Households
2.6
Avg Household Size
45
Median Age
13%
College-Educated
85%
High-School Grad
105.8 sq mi
ZIP Area
116
Density / Sq Mi
$63,173
Median Household Income
$33,750
Median Earnings
$744
Median Rent
$141,900
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 - Duplex with four bedrooms per side and basement laundry hook-ups, with both sides currently rented.
Where is this duplex located?
The property is located at 328-330 E Washington Street Lisbon, OH.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Four bedrooms on each side of the duplex; Each side has its own basement with laundry hook‑ups; Both sides currently rented; 24‑hour notice required to view
