403 New Street, Fairport Harbor, OH 44077
MULTI_FAMILY - Fairport Harbor, OH
- Added:
- Jun 5, 2026
- Days on Market:
- 5
- Last Refresh:
- Jun 9 at 6:06 am
Property Features for 403 New Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bedroom 1, Laundry Room, Bathroom 1, Bathroom 2, Bedroom 2, Basement
- Parking features
- Driveway, Paved or Surfaced, Garage
- Exterior features
- PrivateYard
- Appliances
- Dryer, Microwave, Range, Refrigerator, Washer
- Standard status
- Active
- 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
- Natural Gas, Forced Air
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1915
- Floors in Building
- 2
- Building materials
- AluminumSiding
- Roof type
- Fiberglass, Asphalt
Listing agent William A Bissett License #2006001762 (440) 218-0130
Listing office HomeSmart Real Estate Momentum LLC 8518 Mentor Avenue, Suite C, Mentor, OH (440) 578-8058
Listing date Jun 5, 2026
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.
HighLights
- Duplex built in 1915 with separate upper and lower units
- Unit #1 (lower level): 1 bedroom, 1 full bath, family room, and enclosed porch
- Unit #2 (upper level): 2 bedrooms, 1 full bath, and spacious family room
- Recent updates in Unit #1 include new shower/tub, faucet/showerhead, updated plumbing, new interior bathroom door, and new ceiling fan (2023)
- Unit #2 has been recently painted throughout
- Utilities/services: public water and public sewer; heating is natural gas forced air; cooling includes window units
Overview
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.
Local 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 |
Alternative Uses
Current Use by Public Records
Map
- City
- Fairport Harbor
- County
- Lake
- State
- Ohio
- Longitude
- -81.273719
- Latitude
- 41.748312
