4-Unit Quadplex with Private Outdoor
46 Carter Circle, Boardman, OH 44512
For Sale
New
$425,000
ResidentialIncome, Boardman, OH
Property Size4,200 SF
Lot Size0.41 Acres
Price / SF$101.19
Days on Market2
Property Features for 46 Carter Circle
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Interior features
Appliances
Subdivision
Lot features
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
private patio or porch
secure parking garage
coin operated washer and dryer
Building Details
Year built
Floors in Building
Building materials
Roof type
Buildings
Listing Agency:
Klacik Real Estate
(330) 757-8855
Listed By:
David G Klacik · License OH #236557
(330) 507-1256
Added: Nov 9
Last Checked: Nov 10 at 12:06AM
MLS# 5259712
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.
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Investment Insights
Based on property information with market context.
This 4,200-square-foot brick quadplex, built in 1979, contains three two-bedroom, one-bath units and one three-bedroom, one-bath unit. Each residence has a private patio or porch and its own hot water tank. A remote-access garage and open parking serve the property. Recent work includes carpet replacement in two units, and the laundry room has a coin-operated washer and dryer. Tenants pay electric service.
The property occupies 0.413 acres in Boardman, near Western Reserve Road and Glenwood Avenue. Shopping, dining, and commuter routes are accessible from the area. Public water and public sewer serve the building.
The property occupies 0.413 acres in Boardman, near Western Reserve Road and Glenwood Avenue. Shopping, dining, and commuter routes are accessible from the area. Public water and public sewer serve the building.
Key Highlights
- Four units: three 2‑bedroom, 1‑bath residences and one 3‑bedroom, 1‑bath residence
- 4,200 square feet on a 0.413‑acre parcel
- Private patio or porch for every unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,285
Cap Rate
6.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$565,700
$565.7K
Cap Rate 7%
$404,071
$404.1K
Cap Rate 9%
$314,278
$314.3K
Market Conditions
NOI Build-Up for 4,200 SF
Gross rent
$42.8K $10.20/SF
− Vacancy
−$2.4K −$0.58/SF
EGI
$40.4K $9.62/SF
− OpEx
−$12.1K −$2.89/SF
NOI
$28.3K $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 Rate 5%
$565,700
Cap Rate 7%
$404,071
Cap Rate 9%
$314,278
Alternative Uses
Best Use
Multifamily LT 5
$404.1K
$353.6K – $471.4K
NOI $28,285 @ 7.0% cap · market cap 6.66%
Second Best
Apartment 5plus
$372.3K
$325.8K – $434.4K
NOI $26,062 @ 7.0% cap · market cap 6.13%
Theoretical Best
Office A
$792.6K
$693.5K – $924.7K
NOI $55,480 @ 7.0% cap · market cap 13.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
545
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence has an individual hot water tank, and tenants pay their own electric service.
Where is this quadplex located?
The property is located at 46 Carter Circle Boardman, OH.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Four units: three 2‑bedroom, 1‑bath residences and one 3‑bedroom, 1‑bath residence; 4,200 square feet on a 0.413‑acre parcel; Private patio or porch for every unit
