Brick Two-Unit
For Sale
$180,000
4230 Chester Drive, Boardman, OH 44512
Each residence includes a private basement area with laundry hookups and additional storage.
Property Size1,760 SF
Days on Market51
Property Features for 4230 Chester Drive
General Information
Standard status
Active
Size
1,760 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,583
Amenities
private basement
laundry hookups
Building Details
Building Size
1,760 SF
Year Built
1949
Buildings
1
Construction
brick
Listing Agency:
Berkshire Hathaway HomeServices Stouffer Realty
(330) 518-6221
Listed By:
Rochelle Arriola
(330) 518-6221
Source:
Carolgoffrealestate
Added: Jul 11
Changed: Aug 29
Last Checked: Aug 29 at 5:44PM
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.
Built in 1949, this brick duplex is arranged with one residence above the other. The property contains two 2-bedroom, 1-bath units, each with a living room, eat-in kitchen, and bedrooms sized for residential use. Separate basement areas provide laundry hookups and additional storage for both residences.
The layout supports either owner occupancy with a second unit or continued use as a two-unit rental property. Shopping, schools, dining, and major roadways are located nearby, adding practical convenience for residents.
The layout supports either owner occupancy with a second unit or continued use as a two-unit rental property. Shopping, schools, dining, and major roadways are located nearby, adding practical convenience for residents.
Key Highlights
- Two 2‑bedroom, 1‑bath units in an up‑and‑down duplex configuration
- Brick construction with a 1949 build year
- Private basement space for each unit
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
$11,853
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
6.59%
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%
$237,060
$237.1K
Cap Rate 7%
$169,329
$169.3K
Cap Rate 9%
$131,700
$131.7K
Market Conditions
NOI Build-Up for 1,760 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
$18.0K $10.20/SF
− Vacancy
−$1.0K −$0.58/SF
EGI
$16.9K $9.62/SF
− OpEx
−$5.1K −$2.89/SF
NOI
$11.9K $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%
$237,060
Cap Rate 7%
$169,329
Cap Rate 9%
$131,700
Alternative Uses
Best Use
Multifamily LT 5
$169.3K
$148.2K – $197.6K
NOI $11,853 @ 7.0% cap · market cap 6.59%
Second Best
Apartment 5plus
$156.0K
$136.5K – $182.0K
NOI $10,921 @ 7.0% cap · market cap 6.07%
Theoretical Best
Office A
$332.1K
$290.6K – $387.5K
NOI $23,249 @ 7.0% cap · market cap 12.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
399
Businesses Nearby
Explore this area
Business Placement
Demographics for 44512, OH
33,282
Population
15,770
Households
2.1
Avg Household Size
44
Median Age
35%
College-Educated
94%
High-School Grad
17.0 sq mi
ZIP Area
1,958
Density / Sq Mi
$62,311
Median Household Income
$38,828
Median Earnings
$788
Median Rent
$158,800
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 - Each residence includes a private basement area with laundry hookups and additional storage.
Where is this duplex located?
The property is located at 4230 Chester Drive Boardman, OH.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath units in an up‑and‑down duplex configuration; Brick construction with a 1949 build year; Private basement space for each unit
