Renovated Multifamily
For Sale
$350,000
419 Center Rd, Bedford, OH 44146
One-story rear unit with shared coin-operated laundry near the lobby and garage.
Property Size2,870 SF
Price / SF$121.95
Days on Market62
Property Features for 419 Center Rd
General Information
Standard status
Active
Size
2,870 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Amenities
coin operated washer and dryer
Building Details
Year Built
1961
Listing Agency:
Berkshire Hathaway HomeServices Stouffer Realty
Listed By:
Daniel S Reid
(216) 387-0757
Source:
Theacclaimedrealty
Added: Aug 15
Changed: Oct 8
Last Checked: Oct 7 at 3:21PM
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 Berkshire Hathaway HomeServices Stouffer Realty
Investment Insights
Based on property information with market context.
This renovated multifamily property at 419 Center Rd in Bedford, OH, contains 2870 square feet and dates to 1961. The available space is a one-story rear unit positioned near the garage, with a coin-operated washer and dryer located off the lobby.
The property is near highway access, shopping, and historic downtown Bedford. Its configuration combines a renovated interior with convenient on-site laundry and proximity to established community destinations.
The property is near highway access, shopping, and historic downtown Bedford. Its configuration combines a renovated interior with convenient on-site laundry and proximity to established community destinations.
Key Highlights
- 2870‑square‑foot multifamily property at 419 Center Rd, Bedford, OH 44146
- Renovated one‑story rear unit near the garage
- Coin‑operated washer and dryer located off the lobby
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,371
Cap Rate
8.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$567,420
$567.4K
Cap Rate 7%
$405,300
$405.3K
Cap Rate 9%
$315,233
$315.2K
Market Conditions
NOI Build-Up for 2,870 SF
Gross rent
$54.8K $19.08/SF
− Vacancy
−$3.2K −$1.11/SF
EGI
$51.6K $17.97/SF
− OpEx
−$23.2K −$8.09/SF
NOI
$28.4K $9.89/SF
Area
Cuyahoga County, OH
Vacancy
5.80%
Lease Rate
$19.08 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$567,420
Cap Rate 7%
$405,300
Cap Rate 9%
$315,233
Alternative Uses
Best Use
Apartment 5plus
$405.3K
$354.6K – $472.9K
NOI $28,371 @ 7.0% cap · market cap 8.11%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.30M
$2.01M – $2.68M
NOI $160,970 @ 7.0% cap · market cap 45.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
302
Businesses Nearby
Explore this area
Business Placement
Demographics for 44146, OH
29,778
Population
15,270
Households
2
Avg Household Size
46
Median Age
23%
College-Educated
92%
High-School Grad
20.0 sq mi
ZIP Area
1,489
Density / Sq Mi
$53,049
Median Household Income
$40,808
Median Earnings
$1,000
Median Rent
$141,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Multifamily property - One-story rear unit with shared coin-operated laundry near the lobby and garage.
Where is this multifamily property located?
The property is located at 419 Center Rd Bedford, OH.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 2870‑square‑foot multifamily property at 419 Center Rd, Bedford, OH 44146; Renovated one‑story rear unit near the garage; Coin‑operated washer and dryer located off the lobby
