Two-Story Duplex with
For Sale
$259,900
519521 Straub Rd W, Mansfield, OH 44904
Side-by-side units offer separate utilities in a wooded residential setting.
Property Size2,240 SF
Price / SF$116.03
Days on Market95
Property Features for 519521 Straub Rd W
General Information
Standard status
Active
Size
2,240 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,629
Building Details
Buildings
1
Stories
2
Listing Agency:
Howard Hanna Real Estate Services Ashland Downtown
(419) 651-1062
Listed By:
Randal Miller
(419) 651-1062
Source:
Exprealty
Added: May 21
Changed: Aug 22
Last Checked: Aug 23 at 2:51AM
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 Howard Hanna Real Estate Services Ashland Downtown
Investment Insights
Based on property information with market context.
This 2,240-square-foot duplex contains two side-by-side residences within a two-story building. Each unit includes its own garage, while separate utilities support independent operation. Newer carpet is installed in both apartments, and the property is set within a wooded residential environment.
The property is located at 519521 Straub Rd W in Mansfield, Ohio. Its paired-unit layout and individual garage access provide a straightforward configuration for a residential income property.
The property is located at 519521 Straub Rd W in Mansfield, Ohio. Its paired-unit layout and individual garage access provide a straightforward configuration for a residential income property.
Key Highlights
- 2,240‑square‑foot two‑story duplex
- Two side‑by‑side residential units
- Separate utilities for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,613
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$372,260
$372.3K
Cap Rate 7%
$265,900
$265.9K
Cap Rate 9%
$206,811
$206.8K
Market Conditions
NOI Build-Up for 2,240 SF
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.
Gross rent
$28.2K $12.60/SF
− Vacancy
−$1.6K −$0.73/SF
EGI
$26.6K $11.87/SF
− OpEx
−$8.0K −$3.56/SF
NOI
$18.6K $8.31/SF
Area
Richland County, OH
Vacancy
5.79%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$372,260
Cap Rate 7%
$265,900
Cap Rate 9%
$206,811
Alternative Uses
Best Use
Multifamily LT 5
$265.9K
$232.7K – $310.2K
NOI $18,613 @ 7.0% cap · market cap 7.16%
Second Best
Apartment 5plus
$238.0K
$208.2K – $277.7K
NOI $16,659 @ 7.0% cap · market cap 6.41%
Theoretical Best
Office A
$450.7K
$394.3K – $525.8K
NOI $31,546 @ 7.0% cap · market cap 12.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
92
Businesses Nearby
Explore this area
Business Placement
Demographics for 44904, OH
14,368
Population
5,956
Households
2.4
Avg Household Size
45
Median Age
28%
College-Educated
92%
High-School Grad
52.0 sq mi
ZIP Area
276
Density / Sq Mi
$61,458
Median Household Income
$38,879
Median Earnings
$767
Median Rent
$197,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Side-by-side units offer separate utilities in a wooded residential setting.
Where is this duplex located?
The property is located at 519521 Straub Rd W Mansfield, OH.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: 2,240‑square‑foot two‑story duplex; Two side‑by‑side residential units; Separate utilities for each unit
