Duplex with Private
New
For Sale
$325,000
530 N Market St, Galion, OH 44833
Separate utility service supports independent occupancy of each residence.
Property Size3,560 SF
Price / SF$91.29
Days on Market3
Property Features for 530 N Market St
General Information
Standard status
Active
Size
3,560 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/2BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Amenities
off-street parking
garage
deck
basement
Building Details
Year Built
1901
Buildings
1
Listing Agency:
Shannon Huston, E-Merge Real Estate Crossroads
Listed By:
Contact LOCAL Agent
(614) 291-1200
Source:
Realtyohio
Added: Oct 1
Last Checked: Oct 2 at 7:56PM
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 Shannon Huston, E-Merge Real Estate Crossroads
Investment Insights
Based on property information with market context.
This 3,560-square-foot duplex contains two distinct residences. The 1,924-square-foot lower unit has three bedrooms, a living room, dining room, kitchen, two half baths, a full bath with a walk-in shower, a utility room, sunroom, and access to a full basement. The 1,636-square-foot upper unit offers two bedrooms, living and dining rooms, a kitchen, a utility room, two full bathrooms, two interior staircases, and a second-story deck. Both units have updated furnaces and central air conditioning, and the property was built in 1901.
Off-street parking is available in the front lot and at the split two-car garage, which has separate doors and entrances. Downtown is within walking distance, with schools, shopping, and dining a short drive away. Utilities are separately metered for the two residences.
Off-street parking is available in the front lot and at the split two-car garage, which has separate doors and entrances. Downtown is within walking distance, with schools, shopping, and dining a short drive away. Utilities are separately metered for the two residences.
Key Highlights
- 3,560‑square‑foot duplex with two separate residences
- Lower unit: 1,924 square feet with three bedrooms and full basement access
- Upper unit: 1,636 square feet, two bedrooms, two interior staircases, and a second‑story deck
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
$24,020
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
7.39%
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%
$480,400
$480.4K
Cap Rate 7%
$343,143
$343.1K
Cap Rate 9%
$266,889
$266.9K
Market Conditions
NOI Build-Up for 3,560 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
$36.3K $10.20/SF
− Vacancy
−$2.0K −$0.56/SF
EGI
$34.3K $9.64/SF
− OpEx
−$10.3K −$2.89/SF
NOI
$24.0K $6.75/SF
Area
Crawford County, OH
Vacancy
5.50%
Lease Rate
$10.20 /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%
$480,400
Cap Rate 7%
$343,143
Cap Rate 9%
$266,889
Alternative Uses
Best Use
Multifamily LT 5
$343.1K
$300.3K – $400.3K
NOI $24,020 @ 7.0% cap · market cap 7.39%
Second Best
Apartment 5plus
$318.9K
$279.0K – $372.0K
NOI $22,321 @ 7.0% cap · market cap 6.87%
Theoretical Best
Specialty Retail
$697.9K
$610.6K – $814.2K
NOI $48,851 @ 7.0% cap · market cap 15.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
387
Businesses Nearby
Explore this area
Business Placement
Demographics for 44833, OH
16,786
Population
8,278
Households
2
Avg Household Size
44
Median Age
16%
College-Educated
91%
High-School Grad
90.4 sq mi
ZIP Area
186
Density / Sq Mi
$57,234
Median Household Income
$39,535
Median Earnings
$772
Median Rent
$127,700
Median Home Value
Check the figures for this property
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 - Separate utility service supports independent occupancy of each residence.
Where is this duplex located?
The property is located at 530 N Market St Galion, OH.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 3,560‑square‑foot duplex with two separate residences; Lower unit: 1,924 square feet with three bedrooms and full basement access; Upper unit: 1,636 square feet, two bedrooms, two interior staircases, and a second‑story deck
