Side-by-Side Duplex with
For Sale
$224,900
Pending
547 Gladys Street, Hubbard, OH 44425
ResidentialIncome, Hubbard, OH
Property Size2,240 SF
Lot Size0.26 Acres
Days on Market8
Property Features for 547 Gladys Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 4, Basement, Laundry Room, Bathroom 3, Bathroom 4, Bedroom 3
Parking features
Driveway, Garage
Subdivision
Cataline Acres 1
Elementary school district
Hubbard EVSD - 7809
Middle school district
Hubbard EVSD - 7809
High school district
Hubbard EVSD - 7809
Directions
Myron, Left on Gladys, Duplex on the Left
Standard status
Pending
APN
02-067580
Size
2,240 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
1878 86.5F GLADYS AVE REPLAT
Tax Annual Amount
3166
Legal Description
1878 86.5F GLADYS AVE REPLAT
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
basement storage
laundry area
Building Details
Year built
1965
Floors in Building
2
Building materials
Brick, VinylSiding
Roof type
Fiberglass, Asphalt
Listing Agency:
Brokers Realty Group · Real Living
(330) 856-7777
Listed By:
Danny Duvall · License #2013000677
(330) 883-0040
Added: Sep 17
Last Checked: Sep 24 at 1:06AM
MLS# 5245713
Copyright © 2026 MLS Now. 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 side-by-side duplex contains two separate residential units within a 2,240-square-foot building constructed in 1965. Each unit includes a living room, eat-in kitchen, two bedrooms, and a full bathroom. Kitchens feature a mix of wood cabinetry, tile, vinyl plank, and laminate finishes, while bedroom flooring includes carpet and hardwood. Central air conditioning and natural gas forced-air heat serve the property.
Both units have full basements with waterproofing, storage space, and dedicated laundry areas. Plumbing and fixtures are installed for an additional full bathroom in each basement, although the spaces do not have finished walls. A detached two-car garage provides one garage space for each unit, with additional driveway parking. The property sits on 0.2567 acres and is served by public water and public sewer.
Both units have full basements with waterproofing, storage space, and dedicated laundry areas. Plumbing and fixtures are installed for an additional full bathroom in each basement, although the spaces do not have finished walls. A detached two-car garage provides one garage space for each unit, with additional driveway parking. The property sits on 0.2567 acres and is served by public water and public sewer.
Key Highlights
- Two‑unit side‑by‑side duplex with 2,240 square feet of building area
- Each unit includes 2 bedrooms, a living room, eat‑in kitchen, and full bathroom
- Full waterproofed basement for each unit with laundry and storage areas
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
Lease Details
2
Residential units
Multi-tenant
Tenancy
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate rental units offer private basements, laundry areas, and dedicated garage parking.
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: Two‑unit side‑by‑side duplex with 2,240 square feet of building area; Each unit includes 2 bedrooms, a living room, eat‑in kitchen, and full bathroom; Full waterproofed basement for each unit with laundry and storage areas
