Updated Duplex With Three-Car
New
For Sale
$129,500
417 Steel Street, Youngstown, OH 44509
ResidentialIncome, Youngstown, OH
Property Size1,500 SF
Lot Size0.43 Acres
Price / SF$86.33
Days on Market2
Property Features for 417 Steel Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 3, Basement, Bathroom 2
Parking features
Garage, Driveway
Subdivision
City/Youngstown
Elementary school district
Youngstown CSD - 5014
Middle school district
Youngstown CSD - 5014
High school district
Youngstown CSD - 5014
Directions
Mahoning to Steel St.
Standard status
Active
APN
53-092-0-353.00-0
Size
1,500 SF
Lot size
0.43 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 11898 50 X 130 STEEL
Tax Annual Amount
487
Legal Description
LOT 11898 50 X 130 STEEL
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air, Wall Unit(s)
Water source
Public
Amenities
front porch
Building Details
Year built
1910
Floors in Building
2
Building materials
VinylSiding, WoodSiding
Roof type
Fiberglass, Asphalt
Listing Agency:
NextHome GO30 Realty
(330) 629-8888
Listed By:
Robert D Dull · License #2006000965
(330) 540-9745
Added: Aug 20
Last Checked: Aug 21 at 1:06PM
MLS# 5238199
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 1,500-square-foot duplex in Youngstown includes a two-bedroom, one-bath main residence and a separate accessory living unit with its own entrance, eat-in kitchen, full bath, and studio-style living and sleeping area. The primary residence also provides an eat-in kitchen, living room, refinished hardwood floors, and a full basement. Both living spaces have front porches, including one that was newly constructed.
Major improvements include updated kitchens, flooring, paint, fixtures, electrical panels, HVAC, hot water tank, roof, gutters, fascia, front door, and window blinds. The property includes a detached three-car garage, driveway parking, public water, and public sewer. It occupies three lots totaling approximately 0.43 acres and was built in 1910.
Major improvements include updated kitchens, flooring, paint, fixtures, electrical panels, HVAC, hot water tank, roof, gutters, fascia, front door, and window blinds. The property includes a detached three-car garage, driveway parking, public water, and public sewer. It occupies three lots totaling approximately 0.43 acres and was built in 1910.
Key Highlights
- Two‑bedroom main residence with a separate accessory living unit
- Accessory unit has a private entrance, eat‑in kitchen, full bath, and studio layout
- 1,500 Square Feet on three lots totaling approximately 0.43 acres
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
$10,102
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
7.80%
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%
$202,040
$202.0K
Cap Rate 7%
$144,314
$144.3K
Cap Rate 9%
$112,244
$112.2K
Market Conditions
NOI Build-Up for 1,500 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
$15.3K $10.20/SF
− Vacancy
−$869 −$0.58/SF
EGI
$14.4K $9.62/SF
− OpEx
−$4.3K −$2.89/SF
NOI
$10.1K $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%
$202,040
Cap Rate 7%
$144,314
Cap Rate 9%
$112,244
Alternative Uses
Best Use
Multifamily LT 5
$144.3K
$126.3K – $168.4K
NOI $10,102 @ 7.0% cap · market cap 7.80%
Second Best
Apartment 5plus
$133.0K
$116.4K – $155.1K
NOI $9,308 @ 7.0% cap · market cap 7.19%
Theoretical Best
Office A
$283.1K
$247.7K – $330.2K
NOI $19,814 @ 7.0% cap · market cap 15.30%
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
215
Businesses Nearby
Explore this area
Business Placement
Demographics for 44509, OH
10,934
Population
5,581
Households
2
Avg Household Size
38
Median Age
15%
College-Educated
84%
High-School Grad
5.6 sq mi
ZIP Area
1,953
Density / Sq Mi
$36,472
Median Household Income
$30,544
Median Earnings
$744
Median Rent
$56,000
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 - Remodeled duplex with a separate accessory living unit, updated systems, and a detached garage.
Where is this duplex located?
The property is located at 417 Steel Street Youngstown, OH.
What is the asking price?
The asking price for this property is $129,500.
What are key features of this property?
This property features: Two‑bedroom main residence with a separate accessory living unit; Accessory unit has a private entrance, eat‑in kitchen, full bath, and studio layout; 1,500 Square Feet on three lots totaling approximately 0.43 acres
