Duplex with
New
For Sale
$224,900
Pending
547 Gladys Street, Hubbard, OH 44425
Two residential units offer central air, forced-air natural gas heating, and full basements.
Property Size2,240 SF
Days on Market1
Property Features for 547 Gladys Street
General Information
Standard status
Pending
Size
2,240 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$3,166
Amenities
Central Air
Natural Gas, Forced Air
Full
Driveway, Garage
Building Details
Year Built
1965
Buildings
1
Stories
2
Listing Agency:
Partners 3 LLC
Listed By:
Danny Duvall · License #2013000677
(330) 883-0040
Source:
Evrealestate
Added: Sep 26
Last Checked: Sep 26 at 2:31PM
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 Partners 3 LLC
Investment Insights
Based on property information with market context.
This 1965 duplex contains 2,240 square feet and includes central air, natural gas forced-air heat, and full basements. A driveway and garage provide on-site vehicle accommodation.
The property is at 547 Gladys Street in Hubbard, Ohio. From Myron, turn left on Gladys; the duplex is on the left.
The property is at 547 Gladys Street in Hubbard, Ohio. From Myron, turn left on Gladys; the duplex is on the left.
Key Highlights
- 2,240‑square‑foot duplex
- Built in 1965
- Central air conditioning
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
$18,473
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
8.21%
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%
$369,460
$369.5K
Cap Rate 7%
$263,900
$263.9K
Cap Rate 9%
$205,256
$205.3K
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
−$1.8K −$0.82/SF
EGI
$26.4K $11.78/SF
− OpEx
−$7.9K −$3.53/SF
NOI
$18.5K $8.25/SF
Area
Trumbull County, OH
Vacancy
6.50%
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%
$369,460
Cap Rate 7%
$263,900
Cap Rate 9%
$205,256
Alternative Uses
Best Use
Multifamily LT 5
$263.9K
$230.9K – $307.9K
NOI $18,473 @ 7.0% cap · market cap 8.21%
Second Best
Apartment 5plus
$244.7K
$214.1K – $285.5K
NOI $17,130 @ 7.0% cap · market cap 7.62%
Theoretical Best
Office A
$425.2K
$372.0K – $496.0K
NOI $29,762 @ 7.0% cap · market cap 13.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
511
Businesses Nearby
Explore this area
Business Placement
Demographics for 44425, OH
14,280
Population
6,614
Households
2.2
Avg Household Size
47
Median Age
27%
College-Educated
96%
High-School Grad
30.5 sq mi
ZIP Area
468
Density / Sq Mi
$62,287
Median Household Income
$42,293
Median Earnings
$804
Median Rent
$128,800
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 - Two residential units offer central air, forced-air natural gas heating, and full basements.
Where is this duplex located?
The property is located at 547 Gladys Street Hubbard, OH.
What is the asking price?
The asking price for this property is $224,900.
What are key features of this property?
This property features: 2,240‑square‑foot duplex; Built in 1965; Central air conditioning
