Building Details

Year Built 1978

Listing Agency: Berkshire Hathaway HomeServices Stouffer Realty

Listed By: William E Snow · License #2013001675 Show Phone

Source: Kmlkrealty

Added: Aug 24 Changed: Oct 13 Last Checked: Oct 7 at 1:43PM

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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 Berkshire Hathaway HomeServices Stouffer Realty

Investment Insights

Based on property information with market context.

Built in 1978, this duplex includes two residential units with approximately 1,900 square feet per side. Both residences feature updated kitchens, generous living areas, full basements, central air, fireplaces, spacious decks, and a large two-car garage. The property occupies approximately 2.5 acres, providing substantial outdoor space around the buildings.

Located on Ridgewood Road in Sharon Township, the property is within the Highland Local School District and offers access to surrounding communities, shopping, restaurants, and major roadways. The configuration supports separate residential occupancy with garage and outdoor amenities for each side.

Key Highlights

• Approximately 2.5 acres in Sharon Township
• Approximately 1,900 square feet per side
• Two‑unit duplex with updated kitchens and full basements

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$33,745

Cap Rate

5.11%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$674,900 $674.9K

Cap Rate 7%

$482,071 $482.1K

Cap Rate 9%

$374,944 $374.9K

Market Conditions

NOI Build-Up for 3,723 SF

Gross rent

$51.4K $13.80/SF

− Vacancy

−$3.2K −$0.85/SF

EGI

$48.2K $12.95/SF

− OpEx

−$14.5K −$3.88/SF

NOI

$33.7K $9.06/SF

Area

Medina County, OH

Vacancy

6.17%

Lease Rate

$13.80 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$674,900

Cap Rate 7%

$482,071

Cap Rate 9%

$374,944

Alternative Uses

Best Use

Multifamily LT 5

$482.1K

$421.8K – $562.4K (±1% cap)

NOI $33,745 @ 7.0% cap · market cap 5.11%

Second Best

Apartment 5plus

$420.1K

$367.6K – $490.1K (±1% cap)

NOI $29,408 @ 7.0% cap · market cap 4.46%

Theoretical Best

Specialty Retail

$1.04M

$908.7K – $1.21M (±1% cap)

NOI $72,692 @ 7.0% cap · market cap 11.01%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Auto Repair Shop Gym & Fitness Center Bakery Accounting Firm Arcade & Gaming Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

22

Businesses Nearby

Explore this area Business Placement

Demographics for 44281, OH

33,241

Population

14,298

Households

2.3

Avg Household Size

41

Median Age

42%

College-Educated

96%

High-School Grad

47.8 sq mi

ZIP Area

695

Density / Sq Mi

$88,128

Median Household Income

$46,653

Median Earnings

$1,031

Median Rent

$262,200

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Two-unit property with updated kitchens, full basements, central air, fireplaces, garages, and private outdoor space.

Where is this duplex located?

The property is located at 64-66 Ridgewood Rd Wadsworth, OH.

What is the asking price?

The asking price for this property is $660,000.

What are key features of this property?

This property features: Approximately 2.5 acres in Sharon Township; Approximately 1,900 square feet per side; Two‑unit duplex with updated kitchens and full basements