Townhouse-Style Duplex on
48903-48905 N Ridge Road Amherst, OH 44001
48903-48905 N Ridge Road, Amherst, OH, 44001
$369,900
For Sale
Under Contract
$369,900
MULTI_FAMILY - Amherst, OH
Property Size3,384 SF
Lot Size2.03 Acres
Price / SF$109.31
Days on Market31
Property Features for 48903-48905 N Ridge Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 3, Bathroom 3, Bathroom 2, Laundry Room, Bedroom 4, Bedroom 5, Bedroom 6, Bedroom 1, Bathroom 1, Bathroom 4, Bedroom 2
- Parking features
- Driveway
- Interior features
- WalkInClosets
- Exterior features
- PrivateEntrance, PrivateYard
- Appliances
- Dishwasher, Range, Refrigerator
- Standard status
- Active Under Contract
- APN
- 01-00-040-000-021
- Size
- 3,384 SF
- Lot size
- 2.03 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- FROM -020
- Tax Annual Amount
- 5572
Utilities
- Sewer type
- Septic Tank
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2000
- Floors in Building
- 2
- Building materials
- Cedar
- Roof type
- Asphalt, Fiberglass
Listing Agency
Russell Real Estate Services
(440) 327-6511
36178 Center Ridge Road, Strongsville, OH
Listed by
Dawn M Balog · License #2006002411
(440) 225-3265
Added: Jun 18 Checked: Jul 18 at 1:06 am
MLS# 5219913
Listing URL
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 townhouse-style duplex offers two side-by-side residential units within a cedar structure. Each unit provides 1.5 bathrooms, its own laundry room, and access to a one-car garage. The first unit features three bedrooms, including a walk-in closet, a full-sized kitchen with oak cabinetry and appliances, a living room, and a sunroom off the back with separate entry access to the garage. The second unit also offers three bedrooms with a walk-in closet, 1.5 bathrooms, a living room, and a kitchen with a breakfast bar, plus a rear covered porch overlooking a wooded lot.
The property was built in 2000 inside a vertical board and batten cedar pole barn originally built in 1980. Residential systems were updated in 2000, including plumbing, electrical, HVAC, double-pane windows and doors, and dual 1,000-gallon NCI septic systems. The roof was redone in 2012, and both units’ furnaces and air conditioning were serviced in June 2026. The units are separately metered for utilities.
Ideal for an owner-occupant or investor looking to control two separate, tenant-ready residences. With recent interior remodeling in 2026 after tenants moved out and dedicated laundry and garage space per unit, the layout supports straightforward day-to-day use for either dual occupancy or a live-in-and-rent model.
The property was built in 2000 inside a vertical board and batten cedar pole barn originally built in 1980. Residential systems were updated in 2000, including plumbing, electrical, HVAC, double-pane windows and doors, and dual 1,000-gallon NCI septic systems. The roof was redone in 2012, and both units’ furnaces and air conditioning were serviced in June 2026. The units are separately metered for utilities.
Ideal for an owner-occupant or investor looking to control two separate, tenant-ready residences. With recent interior remodeling in 2026 after tenants moved out and dedicated laundry and garage space per unit, the layout supports straightforward day-to-day use for either dual occupancy or a live-in-and-rent model.
Key Highlights
- 3384 SF townhouse‑style duplex on 2.03 acres in Brownhelm Township with Firelands Schools; Amherst address and NO RITA taxes.
- Built in 2000: 2 side‑by‑side units inside a cedar structure; each unit has 3 bedrooms, 1.5 bathrooms, a laundry room, and 1‑car garage.
- Separate living/income setup: all utilities are on separate meters, with each unit having its own furnace/AC (serviced June 2026).
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.7k | $13.80 |
| − Vacancy | −$2.4k | −$0.72 |
| EGI | $44.3k | $13.08 |
| − OpEx | −$13.3k | −$3.92 |
| NOI | $31.0k | $9.16 |
3,384 SF · lease $13.80/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$442.7K
$387.4K – $516.5K
NOI $30,990 @ 7.0% cap · market cap 8.38%
Second Best
Apartment 5plus
$413.5K
$361.8K – $482.4K
NOI $28,945 @ 7.0% cap · market cap 7.83%
Theoretical Best
Office A
$852.8K
$746.2K – $994.9K
NOI $59,694 @ 7.0% cap · market cap 16.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two remodeled, side-by-side units each include laundry and a one-car garage on a wooded acreage lot.
Where is this duplex located?
The property is located at 48903-48905 N Ridge Road Amherst, OH.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: 3384 SF townhouse‑style duplex on 2.03 acres in Brownhelm Township with Firelands Schools; Amherst address and NO RITA taxes.; Built in 2000: 2 side‑by‑side units inside a cedar structure; each unit has 3 bedrooms, 1.5 bathrooms, a laundry room, and 1‑car garage.; Separate living/income setup: all utilities are on separate meters, with each unit having its own furnace/AC (serviced June 2026).
