Duplex with Attached
4890 State Route 545, Ashland, OH 44805
For Sale
$226,000
Both residences include an attached garage, and the property has a shared yard.
Property Size1,728 SF
Price / SF$130.79
Days on Market15
Property Features for 4890 State Route 545
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
yard
Listing Agency:
RE/MAX First Realty
(419) 756-4663
Listed By:
Justin Gerwig · License #2017003205
(419) 564-2630
Source:
Exprealty
Added: Oct 26
Changed: Nov 8
Last Checked: Nov 8 at 3:32PM
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 RE/MAX First Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,728-square-foot duplex has two units, each with an attached one-car garage and access to the yard. At 4892, the kitchen, flooring, and water heater have been updated. Improvements at 4890 include newer carpet, interior doors, a bathroom vanity, and a mirror.
The property is located at 4890 State Route 545 in Ashland, Ohio.
The property is located at 4890 State Route 545 in Ashland, Ohio.
Key Highlights
- 1,728‑square‑foot duplex with two units
- Each unit has an attached one‑car garage
- 4892 has an updated kitchen, flooring, and water heater
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,774
Cap Rate
6.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$315,480
$315.5K
Cap Rate 7%
$225,343
$225.3K
Cap Rate 9%
$175,267
$175.3K
Market Conditions
NOI Build-Up for 1,728 SF
Gross rent
$23.8K $13.80/SF
− Vacancy
−$1.3K −$0.76/SF
EGI
$22.5K $13.04/SF
− OpEx
−$6.8K −$3.91/SF
NOI
$15.8K $9.13/SF
Area
Ashland County, OH
Vacancy
5.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$315,480
Cap Rate 7%
$225,343
Cap Rate 9%
$175,267
Alternative Uses
Best Use
Multifamily LT 5
$225.3K
$197.2K – $262.9K
NOI $15,774 @ 7.0% cap · market cap 6.98%
Second Best
Apartment 5plus
$209.0K
$182.8K – $243.8K
NOI $14,627 @ 7.0% cap · market cap 6.47%
Theoretical Best
Office A
$326.1K
$285.3K – $380.4K
NOI $22,826 @ 7.0% cap · market cap 10.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
Explore this area
Business Placement
Demographics for 44805, OH
31,238
Population
13,248
Households
2.4
Avg Household Size
41
Median Age
25%
College-Educated
92%
High-School Grad
151.1 sq mi
ZIP Area
207
Density / Sq Mi
$62,058
Median Household Income
$35,122
Median Earnings
$835
Median Rent
$165,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences include an attached garage, and the property has a shared yard.
Where is this duplex located?
The property is located at 4890 State Route 545 Ashland, OH.
What is the asking price?
The asking price for this property is $226,000.
What are key features of this property?
This property features: 1,728‑square‑foot duplex with two units; Each unit has an attached one‑car garage; 4892 has an updated kitchen, flooring, and water heater
