Updated Duplex With Detached
For Sale
$165,000
3939-3941 Highland Ave, Shadyside, OH 43947
Two-bedroom apartments feature separate utilities, private basement storage, and central air in a well-maintained residential income property.
Property Size1,782 SF
Price / SF$92.59
Days on Market53
Property Features for 3939-3941 Highland Ave
General Information
Standard status
Active
Size
1,782 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Amenities
central air
washer and dryer hook-ups
storage
patio
level back yard
Building Details
Year Built
1950
Listing Agency:
Sulek & Experts Real Estate
Listed By:
Marge Kress
(304) 281-1915
Source:
Theacclaimedrealty
Added: Aug 24
Changed: Oct 15
Last Checked: Oct 7 at 2:43PM
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 Sulek & Experts Real Estate
Investment Insights
Based on property information with market context.
This 1,782-square-foot duplex, built in 1950, contains two separate two-bedroom apartments. Both units include updated bathrooms with tile floors and newer fixtures, hardwood-floored living rooms, and kitchens with ranges, refrigerators, wood cabinetry, and tile flooring. Separate utilities support each apartment, while individual basement areas provide washer and dryer hookups along with tenant storage. Central air, breaker-box electrical service, and a metal roof are also in place.
Outdoor features include a level rear yard, patio, and a two-car detached garage providing off-street parking. The property is located at 3939-3941 Highland Ave in Shadyside, Ohio. One apartment is currently rented, while the two-unit configuration provides separate residential spaces within the same building.
Outdoor features include a level rear yard, patio, and a two-car detached garage providing off-street parking. The property is located at 3939-3941 Highland Ave in Shadyside, Ohio. One apartment is currently rented, while the two-unit configuration provides separate residential spaces within the same building.
Key Highlights
- Two 2‑bedroom apartments within a 1,782‑square‑foot duplex
- Separate utilities and basement areas for each apartment
- Updated bathrooms with tile flooring and newer fixtures
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,769
Cap Rate
7.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$235,380
$235.4K
Cap Rate 7%
$168,129
$168.1K
Cap Rate 9%
$130,767
$130.8K
Market Conditions
NOI Build-Up for 1,782 SF
Gross rent
$18.2K $10.20/SF
− Vacancy
−$1.4K −$0.77/SF
EGI
$16.8K $9.44/SF
− OpEx
−$5.0K −$2.83/SF
NOI
$11.8K $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 Rate 5%
$235,380
Cap Rate 7%
$168,129
Cap Rate 9%
$130,767
Alternative Uses
Best Use
Multifamily LT 5
$168.1K
$147.1K – $196.2K
NOI $11,769 @ 7.0% cap · market cap 7.13%
Second Best
Apartment 5plus
$151.6K
$132.6K – $176.8K
NOI $10,610 @ 7.0% cap · market cap 6.43%
Theoretical Best
Specialty Retail
$349.3K
$305.7K – $407.6K
NOI $24,453 @ 7.0% cap · market cap 14.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
169
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
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-bedroom apartments feature separate utilities, private basement storage, and central air in a well-maintained residential income property.
Where is this duplex located?
The property is located at 3939-3941 Highland Ave Shadyside, OH.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Two 2‑bedroom apartments within a 1,782‑square‑foot duplex; Separate utilities and basement areas for each apartment; Updated bathrooms with tile flooring and newer fixtures
