Split-Level Duplex with Income
For Sale
$220,000
3907 S Schenley Ave, Youngstown, OH 44511
Two residential units feature eat-in kitchens, private laundry, and separate living areas for flexible owner-occupant or rental use.
Property Size1,990 SF
Price / SF$110.55
Days on Market8
Property Features for 3907 S Schenley Ave
General Information
Standard status
Active
Size
1,990 SF
Property subtype
Residential Income
Property Condition
Severity
Repairs Needed
Evidence
some flooring updates
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,661
Amenities
in-unit laundry
Building Details
Buildings
1
Listing Agency:
CENTURY 21 Lakeside Realty
(330) 502-8028
Listed By:
Amanda R Hamilton · License #2013002026
(330) 502-8028
Source:
Exprealty
Added: Aug 23
Changed: Aug 29
Last Checked: Aug 29 at 8:14PM
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 CENTURY 21 Lakeside Realty
Investment Insights
Based on property information with market context.
Located at 3907 S Schenley Ave in Youngstown, OH, this 1,990-square-foot duplex is arranged as two split-level residences. Each unit includes 2 bedrooms, 1 full bath, functional living space, an eat-in kitchen, and in-unit laundry. The layout supports an owner-occupant arrangement with a separate rental unit or continued use as a two-unit rental property.
Several substantial property improvements were completed in Summer 2026, including sewer line replacement, new downspout lines, exterior waterproofing, and installation of a new sump pump. Some flooring updates remain, allowing the next owner to complete cosmetic work according to preference. The upstairs unit is leased through next year, providing an existing occupancy arrangement for the incoming owner.
Several substantial property improvements were completed in Summer 2026, including sewer line replacement, new downspout lines, exterior waterproofing, and installation of a new sump pump. Some flooring updates remain, allowing the next owner to complete cosmetic work according to preference. The upstairs unit is leased through next year, providing an existing occupancy arrangement for the incoming owner.
Key Highlights
- Two‑unit duplex with 1,990 SF of total property size
- Each unit has 2 bedrooms and 1 full bath
- Split‑level layout with eat‑in kitchens and in‑unit laundry
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
$13,402
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
6.09%
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%
$268,040
$268.0K
Cap Rate 7%
$191,457
$191.5K
Cap Rate 9%
$148,911
$148.9K
Market Conditions
NOI Build-Up for 1,990 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
$20.3K $10.20/SF
− Vacancy
−$1.2K −$0.58/SF
EGI
$19.1K $9.62/SF
− OpEx
−$5.7K −$2.89/SF
NOI
$13.4K $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%
$268,040
Cap Rate 7%
$191,457
Cap Rate 9%
$148,911
Alternative Uses
Best Use
Multifamily LT 5
$191.5K
$167.5K – $223.4K
NOI $13,402 @ 7.0% cap · market cap 6.09%
Second Best
Apartment 5plus
$176.4K
$154.4K – $205.8K
NOI $12,349 @ 7.0% cap · market cap 5.61%
Theoretical Best
Office A
$375.5K
$328.6K – $438.1K
NOI $26,287 @ 7.0% cap · market cap 11.95%
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
262
Businesses Nearby
Explore this area
Business Placement
Demographics for 44511, OH
18,738
Population
9,470
Households
2
Avg Household Size
46
Median Age
24%
College-Educated
93%
High-School Grad
7.4 sq mi
ZIP Area
2,532
Density / Sq Mi
$55,055
Median Household Income
$34,959
Median Earnings
$818
Median Rent
$110,700
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 residential units feature eat-in kitchens, private laundry, and separate living areas for flexible owner-occupant or rental use.
Where is this duplex located?
The property is located at 3907 S Schenley Ave Youngstown, OH.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,990 SF of total property size; Each unit has 2 bedrooms and 1 full bath; Split‑level layout with eat‑in kitchens and in‑unit laundry
