Duplex on a Corner
For Sale
$154,500
537 Dale Ave, Willard, OH 44890
MULTI_FAMILY - Willard, OH
Property Size1,725 SF
Price / SF$89.57
Days on Market96
Property Features for 537 Dale Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bedroom 4, Bathroom 1, Bedroom 3, Bathroom 2
High school
Willard City School District
Elementary school district
Willard City School District
Middle school district
Willard City School District
High school district
Willard City School District
Directions
SR 103 to south on Dale Ave
Subdivision
Huron
Standard status
Active
APN
510270050110000
Taxes and HOA fees
Tax Description
LOT 1169
Tax Annual Amount
548
Legal Description
LOT 1169
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas, Electric (Heating)
Water source
Public
Amenities
washer/dryer hook-ups
refrigerators and stoves
Building Details
Number of units
2
Building materials
Vinyl Siding
Architectural style
Other
Listing Agency:
Danhoff-Donnamiller Realty
(419) 935-7653
Listed By:
Jon Moll
(567) 227-0760
Added: May 2
Changed: Aug 2
Last Checked: Aug 5 at 11:06PM
MLS# 9073222
Copyright © 2026 Mansfield Association of Realtors. 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 well-maintained duplex offers a straightforward, low-maintenance ownership setup with vinyl siding and a metal roof. The property includes newer windows and is set up for comfortable, separate living by unit. Both units are currently occupied. The downstairs unit features a 3-bedroom, 1-bath layout, while the upstairs unit offers a 1-bedroom, 1-bath setup. Newer refrigerators and stoves are included, and washer/dryer hook-ups are available in both apartments.
The duplex spans 1,725 sq. ft. and sits on a spacious corner lot. Utilities include public water and public sewer, with heating provided via forced air and natural gas plus electric heating. The setup supports multiple tenant lifestyles, including the possibility to live in one unit and rent the other.
The layout also allows for a conversion back into a spacious single-family home, if desired.
The duplex spans 1,725 sq. ft. and sits on a spacious corner lot. Utilities include public water and public sewer, with heating provided via forced air and natural gas plus electric heating. The setup supports multiple tenant lifestyles, including the possibility to live in one unit and rent the other.
The layout also allows for a conversion back into a spacious single-family home, if desired.
Key Highlights
- 1,725 sq. ft. duplex on a spacious corner lot
- Both units currently occupied
- Downstairs: 3‑bedroom, 1‑bath layout
Financial Insights For Apartment 5plus
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 | $27.5k | $15.96 |
| − Vacancy | −$2.2k | −$1.28 |
| EGI | $25.3k | $14.68 |
| − OpEx | −$11.4k | −$6.61 |
| NOI | $13.9k | $8.08 |
1,725 SF · lease $15.96/SF/yr · vacancy 8.00% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$216.1K
$189.1K – $252.2K
NOI $15,129 @ 7.0% cap · market cap 9.79%
Second Best
Apartment 5plus
$199.0K
$174.1K – $232.2K
NOI $13,931 @ 7.0% cap · market cap 9.02%
Theoretical Best
Specialty Retail
$358.5K
$313.7K – $418.3K
NOI $25,097 @ 7.0% cap · market cap 16.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
245
Businesses Nearby
Explore this area
Business Placement
Demographics for 44890, OH
10,759
Population
4,705
Households
2.3
Avg Household Size
41
Median Age
16%
College-Educated
90%
High-School Grad
84.7 sq mi
ZIP Area
127
Density / Sq Mi
$64,971
Median Household Income
$39,490
Median Earnings
$834
Median Rent
$136,900
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 - Well-maintained duplex with both units occupied, featuring separate bedroom layouts and newer appliances on a corner lot.
Where is this duplex located?
The property is located at 537 Dale Ave Willard, OH.
What is the asking price?
The asking price for this property is $154,500.
What are key features of this property?
This property features: 1,725 sq. ft. duplex on a spacious corner lot; Both units currently occupied; Downstairs: 3‑bedroom, 1‑bath layout
