Duplex with Enclosed
403 New Street Fairport Harbor, OH 44077
For Sale
Under Contract
$209,900
MULTI_FAMILY - Fairport Harbor, OH
Property Size1,512 SF
Lot Size0.20 Acres
Price / SF$138.82
Days on Market50
Property Features for 403 New Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bathroom 1, Bedroom 3, Laundry Room, Basement, Bathroom 2, Bedroom 2
- Parking features
- Driveway, Garage, Paved or Surfaced
- Exterior features
- PrivateYard
- Appliances
- Dryer, Microwave, Range, Refrigerator, Washer
- Standard status
- Active Under Contract
- APN
- 14-A-017-0-00-049-0
- Size
- 1,512 SF
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- PART OF LOT 46
- Tax Annual Amount
- 3529
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1915
- Floors in Building
- 2
- Building materials
- AluminumSiding
- Roof type
- Asphalt, Fiberglass
Listing Agency:
HomeSmart Real Estate Momentum LLC
(440) 578-8058
Listed By:
William A Bissett · License #2006001762
(440) 218-0130
Added: Jun 5
Changed: Jul 17
Last Checked: Jul 24 at 5:06PM
MLS# 5214379
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 duplex offers two independent living spaces arranged by level. Unit 1 is the lower level and includes one bedroom and one full bathroom, along with a family room and an enclosed porch. Recent improvements include a new shower/tub, faucet/showerhead, updated plumbing, a new interior bathroom door, and a new ceiling fan installed in 2023. Unit 2 is the upper level and features two bedrooms and one full bathroom, plus a spacious family room; the unit has been recently painted throughout.
Located at 403 New Street in Fairport Harbor, Ohio, the property is described as being in the heart of the community and within easy, direct walking distance of Fairport Harbor Beach. The home sits on a compact lot.
For buyers seeking a straightforward two-unit setup, the bedroom mix supports multiple tenant profiles, with a one-bedroom/one-bath layout on the lower level and a two-bedroom/one-bath layout on the upper level. With the noted updates to Unit 1 and fresh paint in Unit 2, this property may appeal to investors looking for a manageable duplex configuration or owner-occupants who want rental income from the second unit while living in the other.
Located at 403 New Street in Fairport Harbor, Ohio, the property is described as being in the heart of the community and within easy, direct walking distance of Fairport Harbor Beach. The home sits on a compact lot.
For buyers seeking a straightforward two-unit setup, the bedroom mix supports multiple tenant profiles, with a one-bedroom/one-bath layout on the lower level and a two-bedroom/one-bath layout on the upper level. With the noted updates to Unit 1 and fresh paint in Unit 2, this property may appeal to investors looking for a manageable duplex configuration or owner-occupants who want rental income from the second unit while living in the other.
Key Highlights
- Duplex with 2 units: Unit #1 has 1 bedroom and 1 full bath; Unit #2 has 2 bedrooms and 1 full bath
- Unit #1 (lower level) includes a cozy family room and an enclosed porch
- Updates in Unit #1 include new shower/tub, faucet/showerhead, updated plumbing, new interior bathroom door, and new ceiling fan (2023)
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.5k | $16.20 |
| − Vacancy | −$1.1k | −$0.71 |
| EGI | $23.4k | $15.49 |
| − OpEx | −$7.0k | −$4.65 |
| NOI | $16.4k | $10.84 |
1,512 SF · lease $16.20/SF/yr · vacancy 4.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$234.2K
$205.0K – $273.3K
NOI $16,397 @ 7.0% cap · market cap 7.81%
Second Best
Apartment 5plus
$208.1K
$182.1K – $242.8K
NOI $14,566 @ 7.0% cap · market cap 6.94%
Theoretical Best
Office A
$349.2K
$305.6K – $407.4K
NOI $24,445 @ 7.0% cap · market cap 11.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Duplex - Two separate units with updated lower-level bathroom fixtures and enclosed porch features offer flexible rental or owner-occupant living.
Where is this duplex located?
The property is located at 403 New Street Fairport Harbor, OH.
What is the asking price?
The asking price for this property is $209,900.
What are key features of this property?
This property features: Duplex with 2 units: Unit #1 has 1 bedroom and 1 full bath; Unit #2 has 2 bedrooms and 1 full bath; Unit #1 (lower level) includes a cozy family room and an enclosed porch; Updates in Unit #1 include new shower/tub, faucet/showerhead, updated plumbing, new interior bathroom door, and new ceiling fan (2023)
