Two-Unit Duplex with
New
For Sale
$190,000
3595 & 3597 W 36th St, Shadyside, OH 43947
Each unit includes two bedrooms, a full bathroom, functional living space, and a kitchen with cabinet and counter storage.
Property Size2,360 SF
Price / SF$80.51
Days on Market1
Property Features for 3595 & 3597 W 36th St
General Information
Standard status
Active
Size
2,360 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Additional Details
Average Monthly Rent
$800
Amenities
yard
Building Details
Year Built
2004
Listing Agency:
Harvey Goodman, REALTOR
Listed By:
Laney J Ross · License #2006006559
(740) 695-3131
Source:
Theacclaimedrealty
Added: Sep 13
Last Checked: Sep 13 at 3:01PM
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 Harvey Goodman, REALTOR
Investment Insights
Based on property information with market context.
This 2004 duplex contains two separate units, each arranged with two bedrooms, a full bathroom, a living area, and a kitchen equipped with cabinetry and counter space. The interiors are described as clean and well maintained, with natural light in the bedrooms. Outdoor space includes a yard suitable for gardening, relaxation, or entertaining, while the basement provides a 2-car garage.
The property is located at 3595 & 3597 W 36th St in Shadyside, Ohio, with access to local schools, parks, shopping, dining, and Route 7. Each unit is occupied by a tenant who pays the utilities, and both sides can be rented or used in an owner-occupant arrangement.
The property is located at 3595 & 3597 W 36th St in Shadyside, Ohio, with access to local schools, parks, shopping, dining, and Route 7. Each unit is occupied by a tenant who pays the utilities, and both sides can be rented or used in an owner-occupant arrangement.
Key Highlights
- Duplex includes two separate residential units
- Each unit offers 2 bedrooms and 1 full bathroom
- Basement features a 2‑car garage
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
$15,587
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
8.20%
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%
$311,740
$311.7K
Cap Rate 7%
$222,671
$222.7K
Cap Rate 9%
$173,189
$173.2K
Market Conditions
NOI Build-Up for 2,360 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
$24.1K $10.20/SF
− Vacancy
−$1.8K −$0.77/SF
EGI
$22.3K $9.44/SF
− OpEx
−$6.7K −$2.83/SF
NOI
$15.6K $6.60/SF
Area
Belmont County, OH
Vacancy
7.50%
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%
$311,740
Cap Rate 7%
$222,671
Cap Rate 9%
$173,189
Alternative Uses
Best Use
Multifamily LT 5
$222.7K
$194.8K – $259.8K
NOI $15,587 @ 7.0% cap · market cap 8.20%
Second Best
Apartment 5plus
$200.7K
$175.6K – $234.2K
NOI $14,051 @ 7.0% cap · market cap 7.40%
Theoretical Best
Specialty Retail
$462.6K
$404.8K – $539.8K
NOI $32,385 @ 7.0% cap · market cap 17.04%
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
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
166
Businesses Nearby
Explore this area
Business Placement
Demographics for 43947, OH
5,002
Population
2,576
Households
1.9
Avg Household Size
48
Median Age
27%
College-Educated
96%
High-School Grad
17.2 sq mi
ZIP Area
291
Density / Sq Mi
$57,258
Median Household Income
$37,790
Median Earnings
$816
Median Rent
$135,500
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
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Frequently Asked Questions
What type of property is this?
Duplex - Each unit includes two bedrooms, a full bathroom, functional living space, and a kitchen with cabinet and counter storage.
Where is this duplex located?
The property is located at 3595 & 3597 W 36th St Shadyside, OH.
What is the asking price?
The asking price for this property is $190,000.
What are key features of this property?
This property features: Duplex includes two separate residential units; Each unit offers 2 bedrooms and 1 full bathroom; Basement features a 2‑car garage
