Updated Brick
For Sale
$345,000
Pending
3862 & 3866 Seneca Street, Stow, OH 44224
Two-unit ranch property with one leased side and one vacant unit.
Property Size2,404 SF
Days on Market82
Property Features for 3862 & 3866 Seneca Street
General Information
Standard status
Pending
Size
2,404 SF
Property subtype
Duplex
Units
Unit Mix
1 x 2BR/1BA, 1 x 2BR/3BA
Multifamily Units
2
Amenities
first floor laundry
Building Details
Building Size
2,404 SF
Year Built
1967
Construction
brick
Listing Agency:
Keller Williams Chervenic Rlty
(330) 388-2637
Listed By:
Justin T Aikens · License #2012000353
(330) 388-2637
Source:
Mustafagroup.kw
Added: Jun 10
Changed: Aug 28
Last Checked: Aug 29 at 5:47AM
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.
Built in 1967, this brick ranch duplex offers two separate residential units with distinct layouts. One unit includes two bedrooms, one full bathroom, and a one-car garage, while the other provides two bedrooms, three full bathrooms, an additional living room, and first-floor laundry. One side is leased through the end of August, and the second unit is vacant.
Property updates include newer kitchens, flooring, interior paint, vinyl windows, roof and gutters, HVAC, and a waterproofed basement. The duplex is located at 3862 and 3866 Seneca Street in Stow, Ohio.
Property updates include newer kitchens, flooring, interior paint, vinyl windows, roof and gutters, HVAC, and a waterproofed basement. The duplex is located at 3862 and 3866 Seneca Street in Stow, Ohio.
Key Highlights
- Brick ranch duplex built in 1967
- One unit leased through the end of August; the other unit is vacant
- Leased unit includes 2 bedrooms, 1 full bathroom, and a 1‑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
$22,015
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
6.38%
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%
$440,300
$440.3K
Cap Rate 7%
$314,500
$314.5K
Cap Rate 9%
$244,611
$244.6K
Market Conditions
NOI Build-Up for 2,404 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
$33.2K $13.80/SF
− Vacancy
−$1.7K −$0.72/SF
EGI
$31.5K $13.08/SF
− OpEx
−$9.4K −$3.92/SF
NOI
$22.0K $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%
$440,300
Cap Rate 7%
$314,500
Cap Rate 9%
$244,611
Alternative Uses
Best Use
Multifamily LT 5
$314.5K
$275.2K – $366.9K
NOI $22,015 @ 7.0% cap · market cap 6.38%
Second Best
Apartment 5plus
$275.3K
$240.9K – $321.2K
NOI $19,273 @ 7.0% cap · market cap 5.59%
Theoretical Best
Office A
$590.0K
$516.2K – $688.3K
NOI $41,297 @ 7.0% cap · market cap 11.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
74
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit ranch property with one leased side and one vacant unit.
Where is this duplex located?
The property is located at 3862 & 3866 Seneca Street Stow, OH.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Brick ranch duplex built in 1967; One unit leased through the end of August; the other unit is vacant; Leased unit includes 2 bedrooms, 1 full bathroom, and a 1‑car garage
