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    Two Homes in McDonald, OH Title is generated by Realmo AI

    406 McDonald Avenue, Mc Donald, OH 44437

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    For Sale
    $179,900

    MULTI_FAMILY - McDonald, OH

    Property size:
    1,470 SF
    Lot size:
    1.16 Acres
    Price / SF:
    $122/SF
    Added:
    May 8, 2026
    Days on Market:
    6
    Last Refresh:
    May 13 at 10:06 am

    Property Features for 406 McDonald Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    3
    Bathrooms
    2
    Rooms
    Basement, Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 2, Laundry Room, Bedroom 3
    Parking features
    Driveway, Garage
    Interior features
    CeilingFans, EatInKitchen
    Appliances
    Dishwasher, Range, Refrigerator
    Standard status
    Active
    APN
    23-135220
    Size
    1,470 SF
    Lot size
    1.16 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    7 BLK81 25X100F PT VAC .057A MCD N PL A MCDON AVE
    Tax Annual Amount
    1711

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1930
    Floors in Building
    1
    Building materials
    VinylSiding
    Roof type
    Shingle

    We can help!

    Listing Contact
    Melissa A Palmer
    Melissa A Palmer

    Listing agent Melissa A Palmer License #2006007885

    Listing office Brokers Realty Group 382 Niles Cortland Road, Warren, OH

    Listing date May 8, 2026

    MLS# 5207806 Listing URL

    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

    • 1.16 acres with two separate homes ideal for investment, owner/tenant setup, or multi‑generational living.
    • Located in the desirable McDonald School District.
    • Main residence: Two‑bedroom home with covered front porch, natural light, and stainless‑steel appliances.
    • Second home: Cozy one‑bedroom ranch with open kitchen and spacious living room.
    • Dual side street entrances provide convenient access to both homes.
    • Detached two‑car garage offers ample parking and storage.

    Overview

    Located in the McDonald School District, this property includes multiple parcels totaling 1.16 acres and two separate homes, suitable for investment, owner/tenant arrangements, or multi-generational living. Dual side street entrances provide convenient access to both homes, which are located minutes from downtown amenities. The main residence is a two-bedroom home with a covered front porch. The living room features natural light from multiple windows. The central dining area connects to the kitchen, which includes arched doorways, wood cabinetry, and stainless-steel appliances. A hallway leads to a full bath with tiled flooring and a vanity, along with two bedrooms featuring hardwood-style and carpeted flooring. A full basement provides storage, laundry, and utility space. The second home is a one-bedroom ranch-style home with an open kitchen, a living room, and an oversized primary bedroom suite with direct access to a full bath. A detached two-car garage offers space for vehicles and additional storage. The property size is 1470 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy Accounting Firm Big Box & Wholesale Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mc Donald
    County
    Trumbull
    State
    Ohio
    Longitude
    -80.733128
    Latitude
    41.164916

    FAQs

    What type of property is this?
    Duplex - Two homes on 1.16 acres in McDonald School District.
    Where is this duplex located?
    The property is located at 406 McDonald Avenue Mc Donald, OH.
    What is the asking price?
    The asking price for this property is $179,900.
    What are key features of this property?
    This property features: 1.16 acres with two separate homes ideal for investment, owner/tenant setup, or multi‑generational living.; Located in the desirable McDonald School District.; Main residence: Two‑bedroom home with covered front porch, natural light, and stainless‑steel appliances.
    (330) 727-0577
    We can help!
    Listing Contact
    Melissa A Palmer
    Melissa A Palmer
    Real Estate License ID: 2006007885
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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