Side-by-Side Duplex with
For Sale
$349,900
Pending
3367-3371 Hiwood Avenue, Stow, OH 44224
Two three-bedroom residences include full basements, with one unit offering an extra great room and attached garage.
Property Size2,568 SF
Days on Market11
Property Features for 3367-3371 Hiwood Avenue
General Information
Standard status
Pending
Size
2,568 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/1.5BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,207
Amenities
attached garage
private backyard
Crawl Space,Full,Partially Finished,Unfinished
2
true
4
6
Blinds,Drapes
Lower Level,In Unit
Built-in Features,Ceiling Fan(s),Laminate Counters,Soaking Tub,Natural Woodwork
2568
Assessor
Partial,Wood
Public
0.2732
false
Attached,Concrete,Driveway,Electricity,Garage,Garage Door Opener
Garden
1
Building Details
Building Size
2,568 SF
Year Built
1970
Buildings
1
Stories
2
Listing Agency:
Keller Williams Living
(304) 501-5212
Listed By:
Karen Ullom
Source:
Karenullomrealty
Added: Oct 21
Changed: Oct 31
Last Checked: Oct 31 at 2:38AM
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 Keller Williams Living
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Investment Insights
Based on property information with market context.
This side-by-side duplex contains two residences, each with three bedrooms, 1.5 bathrooms, a kitchen, and a full basement. The property totals 2,568 square feet on a 0.2732-acre lot. One unit has updated flooring and bathroom improvements; the other includes an additional great room and an attached garage. The exterior has wood siding, and the roof and siding were replaced in 2021. Kitchen appliances, washers, and dryers are included.
Built in 1970, the property is located at 3367-3371 Hiwood Avenue in Stow, Ohio. Each unit has in-unit laundry, and the driveways are concrete.
Built in 1970, the property is located at 3367-3371 Hiwood Avenue in Stow, Ohio. Each unit has in-unit laundry, and the driveways are concrete.
Key Highlights
- Two side‑by‑side units, each with 3 bedrooms and 1.5 bathrooms
- 2,568 square feet total on a 0.2732‑acre lot
- One unit features an additional great room and attached garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,517
Cap Rate
6.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$470,340
$470.3K
Cap Rate 7%
$335,957
$336.0K
Cap Rate 9%
$261,300
$261.3K
Market Conditions
NOI Build-Up for 2,568 SF
Gross rent
$35.4K $13.80/SF
− Vacancy
−$1.8K −$0.72/SF
EGI
$33.6K $13.08/SF
− OpEx
−$10.1K −$3.92/SF
NOI
$23.5K $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 Rate 5%
$470,340
Cap Rate 7%
$335,957
Cap Rate 9%
$261,300
Alternative Uses
Best Use
Multifamily LT 5
$336.0K
$294.0K – $392.0K
NOI $23,517 @ 7.0% cap · market cap 6.72%
Second Best
Apartment 5plus
$294.1K
$257.4K – $343.1K
NOI $20,588 @ 7.0% cap · market cap 5.88%
Theoretical Best
Office A
$630.2K
$551.4K – $735.3K
NOI $44,115 @ 7.0% cap · market cap 12.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
102
Businesses Nearby
Explore this area
Business Placement
Demographics for 44224, OH
38,709
Population
16,826
Households
2.3
Avg Household Size
42
Median Age
49%
College-Educated
96%
High-School Grad
20.4 sq mi
ZIP Area
1,898
Density / Sq Mi
$91,096
Median Household Income
$48,624
Median Earnings
$1,190
Median Rent
$243,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom residences include full basements, with one unit offering an extra great room and attached garage.
Where is this duplex located?
The property is located at 3367-3371 Hiwood Avenue Stow, 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: Two side‑by‑side units, each with 3 bedrooms and 1.5 bathrooms; 2,568 square feet total on a 0.2732‑acre lot; One unit features an additional great room and attached garage
