Four-Bedroom Duplex with
New
For Sale
$579,900
3580 & 3582 E Western Reserve Rd, Poland, OH 44514
Each residence features vaulted ceilings, loft space, private rear decking, and an attached garage with hot and cold water.
Property Size4,140 SF
Price / SF$140.07
Days on Market5
Property Features for 3580 & 3582 E Western Reserve Rd
General Information
Standard status
Active
Size
4,140 SF
Property subtype
Multi-Family
Net Operating Income
$47,600
Units
Unit Mix
2 x 4BR/2BA
Multifamily Units
2
Parking per Unit
2
Additional Details
Highway Access
Yes
Amenities
private rear decks
Building Details
Year Built
1996
Buildings
1
Listing Agency:
Keller Williams Chervenic Rlty
Listed By:
Raymond Griggy · License #2017004064
(330) 518-6311
Source:
Theacclaimedrealty
Added: Sep 8
Changed: Sep 9
Last Checked: Sep 11 at 3:45PM
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 Chervenic Rlty
Investment Insights
Based on property information with market context.
This 2-unit duplex contains 4,140 square feet and was built in 1996. Each residence includes 4 bedrooms, 2 full baths, a functional two-level layout, vaulted ceilings, and a loft area. Two bedrooms are located on the main level, with two additional bedrooms upstairs. Both units also have private rear decks and attached 2-car garages equipped with hot and cold water.
The property is located in the Poland School District at 3580 & 3582 E Western Reserve Rd, Poland, OH 44514. Highway connections are nearby, and the Ohio Turnpike is within 5 miles. Brand new construction is underway directly adjacent to the property, providing additional development context for the surrounding area.
The property is located in the Poland School District at 3580 & 3582 E Western Reserve Rd, Poland, OH 44514. Highway connections are nearby, and the Ohio Turnpike is within 5 miles. Brand new construction is underway directly adjacent to the property, providing additional development context for the surrounding area.
Key Highlights
- 2‑unit duplex with 4,140 square feet
- Each unit offers 4 bedrooms and 2 full baths
- Attached 2‑car garage for each unit with hot and cold water
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
$27,881
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
4.81%
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%
$557,620
$557.6K
Cap Rate 7%
$398,300
$398.3K
Cap Rate 9%
$309,789
$309.8K
Market Conditions
NOI Build-Up for 4,140 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
$42.2K $10.20/SF
− Vacancy
−$2.4K −$0.58/SF
EGI
$39.8K $9.62/SF
− OpEx
−$11.9K −$2.89/SF
NOI
$27.9K $6.73/SF
Area
Mahoning County, OH
Vacancy
5.68%
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%
$557,620
Cap Rate 7%
$398,300
Cap Rate 9%
$309,789
Alternative Uses
Best Use
Multifamily LT 5
$398.3K
$348.5K – $464.7K
NOI $27,881 @ 7.0% cap · market cap 4.81%
Second Best
Apartment 5plus
$367.0K
$321.1K – $428.2K
NOI $25,690 @ 7.0% cap · market cap 4.43%
Theoretical Best
Office A
$781.3K
$683.6K – $911.5K
NOI $54,688 @ 7.0% cap · market cap 9.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
32
Businesses Nearby
Explore this area
Business Placement
Demographics for 44514, OH
22,599
Population
10,368
Households
2.2
Avg Household Size
49
Median Age
37%
College-Educated
97%
High-School Grad
22.2 sq mi
ZIP Area
1,018
Density / Sq Mi
$80,000
Median Household Income
$45,486
Median Earnings
$973
Median Rent
$190,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence features vaulted ceilings, loft space, private rear decking, and an attached garage with hot and cold water.
Where is this duplex located?
The property is located at 3580 & 3582 E Western Reserve Rd Poland, OH.
What is the asking price?
The asking price for this property is $579,900.
What are key features of this property?
This property features: 2‑unit duplex with 4,140 square feet; Each unit offers 4 bedrooms and 2 full baths; Attached 2‑car garage for each unit with hot and cold water
