Two-Unit Duplex With Attached
New
For Sale
$250,000
4296 & 4300 Lorwood Drive, Stow, OH 44224
ResidentialIncome, Stow, OH
Property Size1,904 SF
Lot Size0.28 Acres
Price / SF$131.30
Days on Market2
Property Features for 4296 & 4300 Lorwood Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
2
Half bathrooms
2
Rooms
Bedroom 4, Laundry Room, Bedroom 2, Bedroom 1, Bathroom 4, Basement, Bathroom 3, Bathroom 2, Bedroom 3, Bathroom 1
Parking features
Driveway, Garage
Appliances
Dishwasher, Range, Refrigerator
Subdivision
Echo Valley Estates
Elementary school district
Stow-Munroe Falls CS - 7714
Middle school district
Stow-Munroe Falls CS - 7714
High school district
Stow-Munroe Falls CS - 7714
Directions
Turn right onto Lynnwood dr, then left on Lorwood dr.
Standard status
Active
APN
5602237
Size
1,904 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
ECHO VALLEY ST #1 LOT 7 ALL LORWOOD DR
Tax Annual Amount
3520
Legal Description
ECHO VALLEY ST #1 LOT 7 ALL LORWOOD DR
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
basement
laundry area
Building Details
Year built
1969
Floors in Building
2
Building materials
AluminumSiding
Roof type
Asphalt, Fiberglass
Listing Agency:
Platinum Real Estate
(888) 974-7253
Listed By:
David Sladewski · License #2021008797
(440) 669-8056
Added: Sep 4
Last Checked: Sep 5 at 5:06AM
MLS# 5242548
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 two-unit duplex contains 1,904 square feet and was built in 1969. Each residence offers two bedrooms, 1.5 bathrooms, a private attached garage, a separate basement, and a dedicated laundry area. Interior equipment includes a range, refrigerator, and dishwasher, while forced-air heat and central air serve the building. Aluminum siding, an asphalt and fiberglass roof, public water, and public sewer complete the primary improvements.
The property occupies 0.2755 acres at 4296 & 4300 Lorwood Drive in Stow, Ohio. One unit is occupied under a month-to-month lease, while the second is vacant. Separate entrances, garages, basements, laundry facilities, and living areas provide distinct residential spaces within the duplex.
The property occupies 0.2755 acres at 4296 & 4300 Lorwood Drive in Stow, Ohio. One unit is occupied under a month-to-month lease, while the second is vacant. Separate entrances, garages, basements, laundry facilities, and living areas provide distinct residential spaces within the duplex.
Key Highlights
- Two‑unit duplex with 1,904 square feet, built in 1969
- Each unit includes 2 bedrooms and 1.5 bathrooms
- Private attached garage, separate basement, and dedicated laundry 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
$17,436
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
6.97%
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%
$348,720
$348.7K
Cap Rate 7%
$249,086
$249.1K
Cap Rate 9%
$193,733
$193.7K
Market Conditions
NOI Build-Up for 1,904 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
$26.3K $13.80/SF
− Vacancy
−$1.4K −$0.72/SF
EGI
$24.9K $13.08/SF
− OpEx
−$7.5K −$3.92/SF
NOI
$17.4K $9.16/SF
Area
Summit County, OH
Vacancy
5.20%
Lease Rate
$13.80 /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%
$348,720
Cap Rate 7%
$249,086
Cap Rate 9%
$193,733
Alternative Uses
Best Use
Multifamily LT 5
$249.1K
$218.0K – $290.6K
NOI $17,436 @ 7.0% cap · market cap 6.97%
Second Best
Apartment 5plus
$218.1K
$190.8K – $254.4K
NOI $15,265 @ 7.0% cap · market cap 6.11%
Theoretical Best
Office A
$467.3K
$408.9K – $545.1K
NOI $32,708 @ 7.0% cap · market cap 13.08%
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 44224, OH
38,709
Population
16,826
Households
2.3
Avg Household Size
42
Median Age
49%
College-Educated
96%
High-School Grad
20.4 sq mi
ZIP Area
1,898
Density / Sq Mi
$91,096
Median Household Income
$48,624
Median Earnings
$1,190
Median Rent
$243,500
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 - Well-maintained duplex with separate living spaces, private garages, basements, and laundry areas for both residences.
Where is this duplex located?
The property is located at 4296 & 4300 Lorwood Drive Stow, OH.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,904 square feet, built in 1969; Each unit includes 2 bedrooms and 1.5 bathrooms; Private attached garage, separate basement, and dedicated laundry for each unit
