Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Four-Unit Multifamily Building For Sale Title is generated by Realmo AI

    4941 Market Street, Youngstown, OH 44512

    View on Map
    Claim this Listing
    Pending
    $269,900

    MULTI_FAMILY - Youngstown, OH

    Lot size:
    0.25 Acres
    Added:
    Mar 6, 2026
    Days on Market:
    77
    Last Refresh:
    May 22 at 9:06 am

    Property Features for 4941 Market Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    2
    Bathrooms
    1
    Rooms
    Bathroom 2, Laundry Room, Bedroom 1, Bathroom 1, Bedroom 2, Bathroom 3, Bathroom 4
    Parking features
    Garage, Parking Lot
    Standard status
    Pending
    APN
    29-001-0-601.00-0
    Lot size
    0.25 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    LOT 1 60 X 180 REPL OF THE WILLOWS PL
    Tax Annual Amount
    4193

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1920
    Floors in Building
    2
    Building materials
    Brick
    Roof type
    Fiberglass, Asphalt

    We can help!

    Listing Contact
    Joshua Cayson

    Listing agent Joshua Cayson License #2019006045

    Listing office Red 1 Realty, LLC 707 Brookpark Road, Suite 203, Westerville, OH

    Listing date Mar 6, 2026

    MLS# 5188991 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.

    HighLights

    • Fully occupied 4‑unit building providing immediate rental income.
    • Billboard included for extra income.
    • Roof replaced in 2023.
    • Four 2‑bedroom, 1‑bath units.
    • Corner lot with parking lot and common laundry area.
    • Convenient location near bus routes, restaurants, and shopping.

    Overview

    Located at 4941 Market St. in Youngstown, Ohio, this fully occupied, four-unit brick apartment building is situated close to bus routes, restaurants, and shopping. The income-producing property features four 2-bedroom, 1-bath units, each with functional layouts designed for comfortable tenant living. The building is located on a corner lot of 0.248 acres and includes a common laundry area for tenant convenience and a parking lot. The property also includes a billboard located in the front of the building for extra income. The roof was replaced in 2023. Financial details and rent roll are available to qualified buyers.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Youngstown
    County
    Mahoning
    State
    Ohio
    Longitude
    -80.662287
    Latitude
    41.04945

    Nearby Similar for Sale

    • $150,000
      3,000 SF

      Youngstown Commercial Property with Parking

      3000 sqft commercial building with ample parking in Youngstown, OH.
      1535 Logan Avenue, Youngstown, OH 44505
      View Details
    • $899,900
      1,563 SF

      Permaculture Farm with Agritourism Potential

      23-acre permaculture farm with tiny houses, campsites, and educational center.
      100 Cottage Grove Drive, Youngstown, OH 44505
      View Details
    • $375,000
      2,716 SF

      Updated Duplex in Youngstown, OH

      Stunning, updated duplex with modern amenities and strong rental income.
      321 Meadowbrook Avenue, Youngstown, OH 44512
      View Details
    • $240,000
      3,918 SF

      Income-Producing 4-Plex Near University

      Fully rented 4-plex near Youngstown State University.
      587 Tod Lane, Youngstown, OH 44504
      View Details
    • $175,000
      4,844 SF

      Youngstown Multifamily Investment Opportunity

      Well-maintained 4-unit property with income potential and separate utilities.
      1447-1449 Ohio Avenue, Youngstown, OH 44504
      View Details
    • $114,900
      3,120 SF

      Youngstown Brick Duplex with Garage

      Well-maintained two-story duplex with a two-car detached garage.
      2417-2419 Elm Street, Youngstown, OH 44505
      View Details
    • $599,500

      Downtown Youngstown Retail Opportunity

      Retail or restaurant space near Youngstown Foundation Amphitheater and Covelli Center.
      200-208 W Front Street, Youngstown, OH 44503
      View Details
    • $669,900

      Well-Maintained Youngstown Quadplex For Sale

      Ranch-style quadplex with spacious layouts and modern functionality.
      4593 Michigan Boulevard, Youngstown, OH 44505
      View Details
    • $139,900

      Youngstown Duplex: Investment Opportunity

      Ranch duplex in Youngstown with steady rental income.
      3025 Northgate Avenue, Youngstown, OH 44505
      View Details
    • $100,000
      1,726 SF

      Youngstown Multifamily Property For Sale

      Two-story duplex on a corner lot in Youngstown, Ohio.
      56 N Osborn, Youngstown, OH 44509
      View Details
    • $675,000
      9,204 SF

      Former Convent/Dormitory Multi-Family Property

      Versatile 29-bedroom property suitable for multiple purposes.
      795-796 5th Street, Youngstown, OH 44471
      View Details
    • $233,000

      Mixed-Use Property with Salon

      Commercial and residential opportunity with updated features and flexible space.
      565 S Meridian Road, Youngstown, OH 44509
      View Details

    FAQs

    What type of property is this?
    Quadplex - Fully occupied four-unit apartment building in Youngstown, Ohio.
    Where is this quadplex located?
    The property is located at 4941 Market Street Youngstown, OH.
    What is the asking price?
    The asking price for this property is $269,900.
    What are key features of this property?
    This property features: Fully occupied 4‑unit building providing immediate rental income.; Billboard included for extra income.; Roof replaced in 2023.
    (330) 949-0121
    We can help!
    Listing Contact
    Joshua Cayson
    Real Estate License ID: 2019006045
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4941 Market Street, Youngstown, OH 44512
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!