Updated Duplex with Detached
For Sale
$174,900
64 Diamond Avenue, Barberton, OH 44203
Two separately entered units include flexible layouts, covered outdoor space, and detached parking and storage.
Property Size1,932 SF
Days on Market52
Property Features for 64 Diamond Avenue
General Information
Standard status
Active
Size
1,932 SF
Total Parking Spaces
2
Property subtype
Residential Income
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$1,256
Amenities
covered front porch
Building Details
Building Size
1,932 SF
Year Built
1904
Buildings
1
Listing Agency:
EXP Realty, LLC.
(330) 446-0303
Listed By:
Adriane D Acquaviva-Beris · License #2015000395
(330) 446-0303
Source:
Carolgoffrealestate
Added: Jul 10
Changed: Aug 29
Last Checked: Aug 29 at 5:33PM
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 EXP Realty, LLC.
Investment Insights
Based on property information with market context.
Built in 1904, this updated duplex contains two distinct residential units, each accessed through its own private entrance. The larger unit offers 2 bedrooms and 1 full bath, while the second includes 1 bedroom, 1 full bath, and a bonus room that can serve as office, nursery, or additional living space. A covered front porch adds outdoor area, and the detached 2-car garage provides parking and storage.
The property is located at 64 Diamond Avenue in Barberton, Ohio, near shopping, dining, parks, and major highways. The combination of separate entrances, varied unit layouts, and accessory garage space supports both multifamily ownership and an owner-occupant arrangement.
The property is located at 64 Diamond Avenue in Barberton, Ohio, near shopping, dining, parks, and major highways. The combination of separate entrances, varied unit layouts, and accessory garage space supports both multifamily ownership and an owner-occupant arrangement.
Key Highlights
- Two‑unit duplex built in 1904
- Unit 1 includes 2 bedrooms and 1 full bath
- Unit 2 includes 1 bedroom, 1 full bath, and a bonus room
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
$15,489
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
8.86%
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%
$309,780
$309.8K
Cap Rate 7%
$221,271
$221.3K
Cap Rate 9%
$172,100
$172.1K
Market Conditions
NOI Build-Up for 1,932 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
$29.7K $15.36/SF
− Vacancy
−$1.5K −$0.78/SF
EGI
$28.2K $14.58/SF
− OpEx
−$12.7K −$6.56/SF
NOI
$15.5K $8.02/SF
Area
Summit County, OH
Vacancy
5.10%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
45.00%
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%
$309,780
Cap Rate 7%
$221,271
Cap Rate 9%
$172,100
Alternative Uses
Best Use
Multifamily LT 5
$252.8K
$221.2K – $294.9K
NOI $17,693 @ 7.0% cap · market cap 10.12%
Second Best
Apartment 5plus
$221.3K
$193.6K – $258.2K
NOI $15,489 @ 7.0% cap · market cap 8.86%
Theoretical Best
Office A
$474.1K
$414.9K – $553.2K
NOI $33,189 @ 7.0% cap · market cap 18.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
426
Businesses Nearby
Explore this area
Business Placement
Demographics for 44203, OH
39,577
Population
18,198
Households
2.2
Avg Household Size
43
Median Age
21%
College-Educated
91%
High-School Grad
35.0 sq mi
ZIP Area
1,131
Density / Sq Mi
$59,124
Median Household Income
$36,954
Median Earnings
$832
Median Rent
$148,300
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 - Two separately entered units include flexible layouts, covered outdoor space, and detached parking and storage.
Where is this duplex located?
The property is located at 64 Diamond Avenue Barberton, OH.
What is the asking price?
The asking price for this property is $174,900.
What are key features of this property?
This property features: Two‑unit duplex built in 1904; Unit 1 includes 2 bedrooms and 1 full bath; Unit 2 includes 1 bedroom, 1 full bath, and a bonus room
