Ranch-Style Duplex with Attached
For Sale
$179,000
331 - 341 Smyth Avenue, Alliance, OH 44601
ResidentialIncome, Alliance, OH
Property Size2,040 SF
Lot Size0.47 Acres
Price / SF$87.75
Days on Market47
Property Features for 331 - 341 Smyth Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 3, Bedroom 4, Bedroom 1, Laundry Room, Bathroom 2, Bedroom 2
Parking features
Garage
Interior features
CeilingFans, EatInKitchen, HighSpeedInternet, OpenFloorplan
Appliances
BuiltInOven, Cooktop, Dryer, Refrigerator, Washer
Elementary school district
Marlington LSD - 7608
Middle school district
Marlington LSD - 7608
High school district
Marlington LSD - 7608
Directions
Beeson St to North on Smyth OR Vine St to South on Smyth.
Standard status
Active
APN
02803001
Size
2,040 SF
Lot size
0.47 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
27 NE .47A
Tax Annual Amount
1735
Legal Description
27 NE .47A
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Electric (Heating)
Cooling system
Central Air, Heat Pump
Water source
Private
Amenities
laundry
Building Details
Year built
1968
Floors in Building
1
Building materials
AluminumSiding, Brick
Roof type
Fiberglass, Asphalt
Listing Agency:
RE/MAX Edge Realty · RE/MAX International
(330) 821-5300
Listed By:
Linda S Ashcraft · License #2005012293
(330) 760-4680
Added: Sep 5
Changed: Oct 17
Last Checked: Oct 21 at 4:06AM
MLS# 5241486
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.
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Investment Insights
Based on property information with market context.
This 1968 duplex contains 2,040 square feet across two ranch-style units on a 0.4745-acre parcel. Each residence has a two-bedroom, one-bath layout, an eat-in kitchen, and its own laundry room. Both units open to the attached extra-deep garage. One bathroom is accessible, and built-in hallway cabinetry provides additional storage. The kitchens include appliances, with a built-in oven and cooktop among the equipment noted. Central air and heat-pump systems serve the property; vinyl windows and water tanks have also been updated.
The property uses private well water and connects to public sewer. It is offered in as-is condition.
The property uses private well water and connects to public sewer. It is offered in as-is condition.
Key Highlights
- Two‑unit duplex with 2,040 square feet of building area
- 0.4745‑acre parcel
- Each unit has 2 bedrooms, 1 bathroom, and a laundry room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,942
Cap Rate
8.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$298,840
$298.8K
Cap Rate 7%
$213,457
$213.5K
Cap Rate 9%
$166,022
$166.0K
Market Conditions
NOI Build-Up for 2,040 SF
Gross rent
$28.2K $13.80/SF
− Vacancy
−$985 −$0.48/SF
EGI
$27.2K $13.32/SF
− OpEx
−$12.2K −$5.99/SF
NOI
$14.9K $7.32/SF
Area
Stark County, OH
Vacancy
3.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$298,840
Cap Rate 7%
$213,457
Cap Rate 9%
$166,022
Alternative Uses
Best Use
Multifamily LT 5
$243.8K
$213.3K – $284.4K
NOI $17,064 @ 7.0% cap · market cap 9.53%
Second Best
Apartment 5plus
$213.5K
$186.8K – $249.0K
NOI $14,942 @ 7.0% cap · market cap 8.35%
Theoretical Best
Retail
$532.6K
$466.1K – $621.4K
NOI $37,284 @ 7.0% cap · market cap 20.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
88
Businesses Nearby
Explore this area
Business Placement
Demographics for 44601, OH
33,688
Population
14,532
Households
2.3
Avg Household Size
41
Median Age
17%
College-Educated
90%
High-School Grad
82.0 sq mi
ZIP Area
411
Density / Sq Mi
$61,887
Median Household Income
$33,773
Median Earnings
$803
Median Rent
$142,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences each include laundry space and connect to a shared extra-deep garage.
Where is this duplex located?
The property is located at 331 - 341 Smyth Avenue Alliance, OH.
What is the asking price?
The asking price for this property is $179,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,040 square feet of building area; 0.4745‑acre parcel; Each unit has 2 bedrooms, 1 bathroom, and a laundry room
