Remodeled Duplex with
For Sale
$129,900
Pending
517 Woodlawn Ave, Bucyrus, OH 44820
Two-bedroom units provide a defined residential layout with supplemental parking and storage.
Property Size1,792 SF
Days on Market67
Property Features for 517 Woodlawn Ave
General Information
Standard status
Pending
Size
1,792 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,309
Amenities
garage
carport
Building Details
Buildings
1
Listing Agency:
Keller Williams Elevate
(440) 572-1200
Listed By:
Tracy Jones · License #2017001982
(419) 612-8248
Source:
Exprealty
Added: Aug 6
Changed: Oct 3
Last Checked: Oct 9 at 10:59PM
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 Keller Williams Elevate
Investment Insights
Based on property information with market context.
This 1,792-square-foot duplex contains two units, each with 2 bedrooms and 1 bath, for a combined total of 4 bedrooms and 2 baths. The upper residence has recently received remodeling with updated finishes. A detached garage and attached carport provide on-site parking and storage areas.
The property is near downtown Bucyrus, with shopping, dining, parks, and other local amenities in the surrounding area. Its two-unit configuration and stated income-producing use provide a straightforward multifamily setup for an owner or investor.
The property is near downtown Bucyrus, with shopping, dining, parks, and other local amenities in the surrounding area. Its two-unit configuration and stated income-producing use provide a straightforward multifamily setup for an owner or investor.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 1 bath per unit
- 1,792 square feet with 4 bedrooms and 2 baths total
- Recently remodeled upper unit with updated finishes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,236
Cap Rate
8.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$224,720
$224.7K
Cap Rate 7%
$160,514
$160.5K
Cap Rate 9%
$124,844
$124.8K
Market Conditions
NOI Build-Up for 1,792 SF
Gross rent
$21.5K $12.00/SF
− Vacancy
−$1.1K −$0.60/SF
EGI
$20.4K $11.40/SF
− OpEx
−$9.2K −$5.13/SF
NOI
$11.2K $6.27/SF
Area
Crawford County, OH
Vacancy
5.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$224,720
Cap Rate 7%
$160,514
Cap Rate 9%
$124,844
Alternative Uses
Best Use
Multifamily LT 5
$172.7K
$151.1K – $201.5K
NOI $12,091 @ 7.0% cap · market cap 9.31%
Second Best
Apartment 5plus
$160.5K
$140.5K – $187.3K
NOI $11,236 @ 7.0% cap · market cap 8.65%
Theoretical Best
Specialty Retail
$351.3K
$307.4K – $409.8K
NOI $24,590 @ 7.0% cap · market cap 18.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
623
Businesses Nearby
Explore this area
Business Placement
Demographics for 44820, OH
17,114
Population
7,982
Households
2.1
Avg Household Size
45
Median Age
14%
College-Educated
91%
High-School Grad
160.6 sq mi
ZIP Area
107
Density / Sq Mi
$56,942
Median Household Income
$38,073
Median Earnings
$742
Median Rent
$134,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom units provide a defined residential layout with supplemental parking and storage.
Where is this duplex located?
The property is located at 517 Woodlawn Ave Bucyrus, OH.
What is the asking price?
The asking price for this property is $129,900.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 1 bath per unit; 1,792 square feet with 4 bedrooms and 2 baths total; Recently remodeled upper unit with updated finishes
