Split-Level Duplex with
New
For Sale
$220,000
3907 S Schenley Avenue, Youngstown, OH 44511
ResidentialIncome, Youngstown, OH
Property Size1,990 SF
Lot Size0.49 Acres
Price / SF$110.55
Days on Market2
Property Features for 3907 S Schenley Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 4, Bathroom 1, Laundry Room, Bedroom 2, Bathroom 2, Bedroom 3
Parking features
Open, Garage
Interior features
EatInKitchen
Appliances
Range, Refrigerator
Subdivision
Hopkins Heights
Elementary school district
Boardman LSD - 5002
Middle school district
Boardman LSD - 5002
High school district
Boardman LSD - 5002
Directions
From Canfield Rd to left on Schenley, duplex on the left
Standard status
Active
APN
29-084-0-095.00-0
Size
1,990 SF
Lot size
0.49 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 112 81 X 200 IRR HOPKINS HGTS PL 4
Tax Annual Amount
2661
Legal Description
LOT 112 81 X 200 IRR HOPKINS HGTS PL 4
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Steam, Natural Gas
Water source
Public
Building Details
Year built
1972
Floors in Building
2
Building materials
VinylSiding
Roof type
Fiberglass, Asphalt
Listing Agency:
CENTURY 21 Lakeside Realty · Century 21 Real Estate
(330) 967-0621
Listed By:
Amanda R Hamilton · License #2013002026
(330) 502-8028
Added: Aug 23
Last Checked: Aug 24 at 2:06AM
MLS# 5238940
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,990-square-foot duplex, built in 1972, is arranged as two split-level units with two bedrooms and one full bathroom per unit. Each residence includes an eat-in kitchen, laundry area, and practical living space, while the property also offers a garage, open parking, vinyl siding, asphalt and fiberglass roofing, and natural-gas heating. Range and refrigerator appliances are included.
Located at 3907 S Schenley Avenue in Youngstown, the property sits on 0.486 acres and is served by public water and public sewer. The upstairs unit is rented through next year, providing an existing occupancy arrangement for the next owner.
Recent work completed in Summer 2026 included sewer-line replacement, new downspout lines, exterior waterproofing, and installation of a new sump pump. Flooring updates remain available for an owner seeking to customize the interiors.
Located at 3907 S Schenley Avenue in Youngstown, the property sits on 0.486 acres and is served by public water and public sewer. The upstairs unit is rented through next year, providing an existing occupancy arrangement for the next owner.
Recent work completed in Summer 2026 included sewer-line replacement, new downspout lines, exterior waterproofing, and installation of a new sump pump. Flooring updates remain available for an owner seeking to customize the interiors.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 1 full bath per unit
- 1,990 square feet on 0.486 acres
- Upstairs unit rented through next year
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
164
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, in-unit laundry, public utilities, and separate functional living areas.
Where is this duplex located?
The property is located at 3907 S Schenley Avenue 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 2 bedrooms and 1 full bath per unit; 1,990 square feet on 0.486 acres; Upstairs unit rented through next year
