Duplex with Attached
New
For Sale
$264,900
Pending
3330-3332 Elmwood Street, Cuyahoga Falls, OH 44221
Two-unit residential property with central air, forced-air heating, and driveway parking.
Property Size1,902 SF
Days on Market7
Property Features for 3330-3332 Elmwood Street
General Information
Standard status
Pending
Size
1,902 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$4,077
Amenities
Central Air
Forced Air
Full, Unfinished
Attached, Driveway, Garage
Building Details
Year Built
1964
Buildings
1
Stories
1
Listing Agency:
EXP Realty
(330) 322-2012
Listed By:
Mick Gilliland · License #2021005353
(330) 322-2012
Source:
Evrealestate
Added: Aug 12
Changed: Aug 16
Last Checked: Aug 17 at 4:58AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP Realty
Investment Insights
Based on property information with market context.
This duplex at 3330-3332 Elmwood Street offers 1,902 square feet of residential space with central air and forced-air heating. The property also includes a full, unfinished area, an attached garage, and a driveway.
Constructed in 1964, the property is located in Cuyahoga Falls, Ohio, within Summit County. Access is provided from SR 8 via the Graham Road exit, with the property reached through Graham Road and Elmwood Street.
Constructed in 1964, the property is located in Cuyahoga Falls, Ohio, within Summit County. Access is provided from SR 8 via the Graham Road exit, with the property reached through Graham Road and Elmwood Street.
Key Highlights
- 1,902 square feet of property space
- Duplex configuration at 3330‑3332 Elmwood Street
- Central air conditioning
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
$17,418
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
6.58%
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%
$348,360
$348.4K
Cap Rate 7%
$248,829
$248.8K
Cap Rate 9%
$193,533
$193.5K
Market Conditions
NOI Build-Up for 1,902 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
$26.2K $13.80/SF
− Vacancy
−$1.4K −$0.72/SF
EGI
$24.9K $13.08/SF
− OpEx
−$7.5K −$3.92/SF
NOI
$17.4K $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%
$348,360
Cap Rate 7%
$248,829
Cap Rate 9%
$193,533
Alternative Uses
Best Use
Multifamily LT 5
$248.8K
$217.7K – $290.3K
NOI $17,418 @ 7.0% cap · market cap 6.58%
Second Best
Apartment 5plus
$217.8K
$190.6K – $254.2K
NOI $15,249 @ 7.0% cap · market cap 5.76%
Theoretical Best
Office A
$466.8K
$408.4K – $544.6K
NOI $32,674 @ 7.0% cap · market cap 12.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
772
Businesses Nearby
Explore this area
Business Placement
Demographics for 44221, OH
29,601
Population
14,379
Households
2.1
Avg Household Size
39
Median Age
31%
College-Educated
93%
High-School Grad
6.4 sq mi
ZIP Area
4,625
Density / Sq Mi
$61,893
Median Household Income
$40,060
Median Earnings
$1,026
Median Rent
$160,400
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 - Two-unit residential property with central air, forced-air heating, and driveway parking.
Where is this duplex located?
The property is located at 3330-3332 Elmwood Street Cuyahoga Falls, OH.
What is the asking price?
The asking price for this property is $264,900.
What are key features of this property?
This property features: 1,902 square feet of property space; Duplex configuration at 3330‑3332 Elmwood Street; Central air conditioning
