Mixed-Use Property with
For Sale
Under Contract
$125,000
71690 Pike Street, St Clairsville, OH 43950
ResidentialIncome, St Clairsville, OH
Property Size2,142 SF
Lot Size0.50 Acres
Price / SF$58.36
Days on Market48
Property Features for 71690 Pike Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
4
Bathrooms
1
Full bathrooms
3
Rooms
Bedroom 3, Bedroom 2, Bedroom 4, Basement, Bathroom 2, Bathroom 3, Bedroom 1, Bathroom 1
Parking features
Parking Lot, Garage
Elementary school district
St Clairsville-Richl - 706
Middle school district
St Clairsville-Richl - 706
High school district
St Clairsville-Richl - 706
Directions
Traveling on I-70 West, take Exit 218 (Mall Road/US-40). At the end of the exit ramp, turn left onto US-40 East (National Road). Continue approximately 2.5 miles, then turn right onto Pike Street. The property at 71690 Pike Street, St. Clairsville, OH 43950 will be on your left.
Standard status
Active Under Contract
APN
68-00617.000
Size
2,142 SF
Lot size
0.50 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
52
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Oil
Water source
Public
Amenities
off-street parking
open field
Building Details
Year built
1900
Floors in Building
3
Building materials
VinylSiding
Roof type
Shingle, Metal
Listing Agency:
Real of Ohio
(330) 807-1303
Listed By:
Jenna Mayeres · License #2021000969
(740) 391-2701
Added: Jul 18
Changed: Aug 20
Last Checked: Sep 3 at 10:06AM
MLS# 5228824
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 mixed-use property contains 2,142 square feet and is configured with three income-producing components: a three-bedroom, two-bath apartment, a one-bedroom, one-bath apartment, and a storefront or commercial area. The commercial portion can support retail, office, workshop, studio, event, or additional income-producing use, subject to applicable requirements. The improvements date to 1900 and feature vinyl siding, shingle and metal roofing, electric and oil heating, public water, and public sewer.
The offering also includes three parcels positioned across the street. Those parcels contain a parking lot and open field, providing additional land and off-street parking associated with the property. On-site parking features include a parking lot and garage.
The offering also includes three parcels positioned across the street. Those parcels contain a parking lot and open field, providing additional land and off-street parking associated with the property. On-site parking features include a parking lot and garage.
Key Highlights
- 2,142‑square‑foot mixed‑use property with three income‑producing components
- Residential units include a 3‑bedroom, 2‑bath apartment and a 1‑bedroom, 1‑bath apartment
- Storefront or commercial area supports retail, office, workshop, studio, or event use
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
$7,170
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
5.74%
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%
$143,400
$143.4K
Cap Rate 7%
$102,429
$102.4K
Cap Rate 9%
$79,667
$79.7K
Market Conditions
NOI Build-Up for 2,142 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
$12.6K $5.86/SF
− Vacancy
−$1.1K −$0.50/SF
EGI
$11.5K $5.36/SF
− OpEx
−$4.3K −$2.01/SF
NOI
$7.2K $3.35/SF
Area
Belmont County, OH
Vacancy
8.60%
Lease Rate
$5.86 /SF/Yr
Expense Ratio
37.50%
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%
$143,400
Cap Rate 7%
$102,429
Cap Rate 9%
$79,667
Alternative Uses
Best Use
Retail
$227.0K
$198.6K – $264.9K
NOI $15,891 @ 7.0% cap · market cap 12.71%
Second Best
Multifamily LT 5
$202.1K
$176.8K – $235.8K
NOI $14,147 @ 7.0% cap · market cap 11.32%
Theoretical Best
Specialty Retail
$419.9K
$367.4K – $489.9K
NOI $29,393 @ 7.0% cap · market cap 23.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
14
Businesses Nearby
Explore this area
Business Placement
Demographics for 43950, OH
16,212
Population
6,683
Households
2.4
Avg Household Size
46
Median Age
25%
College-Educated
91%
High-School Grad
81.7 sq mi
ZIP Area
198
Density / Sq Mi
$73,135
Median Household Income
$25,718
Median Earnings
$916
Median Rent
$212,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three income-producing units combine residential apartments, commercial space, and separate off-street parking areas.
Where is this mixed-use property located?
The property is located at 71690 Pike Street St Clairsville, OH.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: 2,142‑square‑foot mixed‑use property with three income‑producing components; Residential units include a 3‑bedroom, 2‑bath apartment and a 1‑bedroom, 1‑bath apartment; Storefront or commercial area supports retail, office, workshop, studio, or event use
