Ranch-Style Duplex with
New
For Sale
$195,000
331 - 341 Smyth Avenue, Alliance, OH 44601
ResidentialIncome, Alliance, OH
Property Size2,040 SF
Lot Size0.47 Acres
Price / SF$95.59
Days on Market2
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
Bedroom 3, Bedroom 2, Laundry Room, Bathroom 1, Bedroom 1, Bedroom 4, Bathroom 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
Electric (Heating), Heat Pump (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
Asphalt, Fiberglass
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
Last Checked: Sep 6 at 5:06AM
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.
Investment Insights
Based on property information with market context.
This 2,040-square-foot ranch duplex contains two single-level units with eat-in kitchens, living areas, bedrooms, bathrooms, and separate laundry rooms. Both residences connect to an attached extra-deep garage and include walkout access. One unit features a handicap-accessible full bath, while the interiors include newer vinyl windows, water tanks, heat pumps, and selected flooring updates. Appliances convey, including built-in cooking equipment, refrigerators, washers, and dryers.
The property occupies 0.4745 acres at 331 - 341 Smyth Avenue in Alliance, Ohio. It is served by a private water source and public sewer. Built in 1968, the building has aluminum siding, brick, asphalt and fiberglass roofing, central air, and heat pump cooling. Interior features include ceiling fans, high-speed internet, and open floor plans.
The property occupies 0.4745 acres at 331 - 341 Smyth Avenue in Alliance, Ohio. It is served by a private water source and public sewer. Built in 1968, the building has aluminum siding, brick, asphalt and fiberglass roofing, central air, and heat pump cooling. Interior features include ceiling fans, high-speed internet, and open floor plans.
Key Highlights
- 2,040‑square‑foot duplex on 0.4745 acres
- Two ranch‑style units with separate laundry rooms
- Attached extra‑deep garage with walkout access
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
$17,064
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
8.75%
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%
$341,280
$341.3K
Cap Rate 7%
$243,771
$243.8K
Cap Rate 9%
$189,600
$189.6K
Market Conditions
NOI Build-Up for 2,040 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
$25.2K $12.36/SF
− Vacancy
−$837 −$0.41/SF
EGI
$24.4K $11.95/SF
− OpEx
−$7.3K −$3.58/SF
NOI
$17.1K $8.36/SF
Area
Stark County, OH
Vacancy
3.32%
Lease Rate
$12.36 /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%
$341,280
Cap Rate 7%
$243,771
Cap Rate 9%
$189,600
Alternative Uses
Best Use
Multifamily LT 5
$243.8K
$213.3K – $284.4K
NOI $17,064 @ 7.0% cap · market cap 8.75%
Second Best
Apartment 5plus
$213.5K
$186.8K – $249.0K
NOI $14,942 @ 7.0% cap · market cap 7.66%
Theoretical Best
Retail
$532.6K
$466.1K – $621.4K
NOI $37,284 @ 7.0% cap · market cap 19.12%
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
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
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 - Two single-level units offer laundry areas, updated finishes, and attached garage access on a private well and public sewer.
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 $195,000.
What are key features of this property?
This property features: 2,040‑square‑foot duplex on 0.4745 acres; Two ranch‑style units with separate laundry rooms; Attached extra‑deep garage with walkout access
