6904 Atlantic Boulevard Ne, Louisville, OH 44641

Building Details

Buildings 1 More

Construction all-brick More

Listing Agency: Keller Williams Legacy Group Realty k***@kw.com Show Phone

Listed By: Jonathan M Burris · License #2008003427 Show Phone

Source: Exprealty

Added: Oct 22 Changed: Oct 31 Last Checked: Nov 6 at 12:18PM

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Investment Insights

Based on property information with market context.

This 1,920-square-foot, all-brick duplex contains two units, each with two bedrooms, one full bathroom, an updated kitchen, and a full basement. Kitchen appliances convey, and the countertops are quartz. The property also includes two-car garages. Flooring and paint have been updated, along with the windows, exterior doors, and electrical boxes. One garage door has also been replaced, and the roof dates to 2024.

The duplex sits on 7 acres, providing a substantial land component alongside the two-unit residential layout.

Key Highlights

• Two‑unit duplex totaling 1,920 square feet
• 7‑acre property
• Each unit has 2 bedrooms and 1 full bathroom

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,060

Cap Rate

4.28%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$321,200 $321.2K

Cap Rate 7%

$229,429 $229.4K

Cap Rate 9%

$178,444 $178.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,920 SF

Gross rent

$23.7K $12.36/SF

− Vacancy

−$788 −$0.41/SF

EGI

$22.9K $11.95/SF

− OpEx

−$6.9K −$3.58/SF

NOI

$16.1K $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 Rate 5%

$321,200

Cap Rate 7%

$229,429

Cap Rate 9%

$178,444

Alternative Uses

Best Use

Multifamily LT 5

$229.4K

$200.8K – $267.7K (±1% cap)

NOI $16,060 @ 7.0% cap · market cap 4.28%

Second Best

Apartment 5plus

$200.9K

$175.8K – $234.4K (±1% cap)

NOI $14,063 @ 7.0% cap · market cap 3.75%

Theoretical Best

Retail

$501.3K

$438.6K – $584.8K (±1% cap)

NOI $35,090 @ 7.0% cap · market cap 9.36%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

87

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

Market

Average Price Trend$/SF for Duplexes in Stark County, OH

$86.13 Jul

$86.22 Aug

$94.26 Sep

$106 Oct

Properties on Market for Duplexes in Stark County

Jul

Aug

Sep

Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two units combine updated kitchens and full basements with a private, seven-acre setting.

Where is this duplex located?

The property is located at 6904 Atlantic Boulevard Ne Louisville, OH.

What is the asking price?

The asking price for this property is $375,000.

What are key features of this property?

This property features: Two‑unit duplex totaling 1,920 square feet; 7‑acre property; Each unit has 2 bedrooms and 1 full bathroom