Acreage Duplex with Attached
New
For Sale
$319,900
6264 Paris Ave, Louisville, OH 44641
Two complete residences offer practical layouts, private garages, and shared outdoor space in a quiet country setting.
Property Size1,728 SF
Lot Size1.47 Acres
Price / SF$185.13
Days on Market3
Property Features for 6264 Paris Ave
General Information
Standard status
Active
Size
1,728 SF
Total Parking Spaces
2
Lot size
1.47 Acres
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1.5BA
Multifamily Units
2
Amenities
shared deck
Building Details
Year Built
1969
Listing Agency:
Tarter Realty
Listed By:
Shirley Ryan · License #2008001912
(330) 221-3585
Source:
Theacclaimedrealty
Added: Sep 19
Last Checked: Sep 20 at 10:56AM
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 Tarter Realty
Investment Insights
Based on property information with market context.
Built in 1969, this duplex contains 1,728 square feet across two separate residences. Each unit includes two bedrooms, one-and-a-half bathrooms, a functional living arrangement, and an attached one-car garage. Both kitchens have appliances, while one residence also includes a washer and dryer. A shared deck extends the usable outdoor area and faces the backyard and surrounding country views.
The property at 6264 Paris Ave in Louisville, Ohio, occupies 1.47 acres. The roof was replaced in 2010, and the improvements have been well maintained. The two-unit configuration provides distinct residences along with dedicated garage space for each side.
The property at 6264 Paris Ave in Louisville, Ohio, occupies 1.47 acres. The roof was replaced in 2010, and the improvements have been well maintained. The two-unit configuration provides distinct residences along with dedicated garage space for each side.
Key Highlights
- Two‑unit duplex with 1,728 square feet
- Each unit has 2 bedrooms and 1.5 baths
- Attached 1‑car garage for each residence
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
$14,454
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
4.52%
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%
$289,080
$289.1K
Cap Rate 7%
$206,486
$206.5K
Cap Rate 9%
$160,600
$160.6K
Market Conditions
NOI Build-Up for 1,728 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
$21.4K $12.36/SF
− Vacancy
−$709 −$0.41/SF
EGI
$20.6K $11.95/SF
− OpEx
−$6.2K −$3.58/SF
NOI
$14.5K $8.36/SF
Area
Stark County, OH
Vacancy
3.32%
Lease Rate
$12.36 /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%
$289,080
Cap Rate 7%
$206,486
Cap Rate 9%
$160,600
Alternative Uses
Best Use
Multifamily LT 5
$206.5K
$180.7K – $240.9K
NOI $14,454 @ 7.0% cap · market cap 4.52%
Second Best
Apartment 5plus
$180.8K
$158.2K – $210.9K
NOI $12,656 @ 7.0% cap · market cap 3.96%
Theoretical Best
Retail
$451.2K
$394.8K – $526.4K
NOI $31,581 @ 7.0% cap · market cap 9.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Explore this area
Business Placement
Demographics for 44641, OH
20,399
Population
8,412
Households
2.4
Avg Household Size
44
Median Age
25%
College-Educated
96%
High-School Grad
54.9 sq mi
ZIP Area
372
Density / Sq Mi
$78,128
Median Household Income
$42,035
Median Earnings
$834
Median Rent
$199,300
Median Home Value
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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 complete residences offer practical layouts, private garages, and shared outdoor space in a quiet country setting.
Where is this duplex located?
The property is located at 6264 Paris Ave Louisville, OH.
What is the asking price?
The asking price for this property is $319,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,728 square feet; Each unit has 2 bedrooms and 1.5 baths; Attached 1‑car garage for each residence
