Brick Duplex with
For Sale
$229,000
Pending
7744 Brookwood Drive NE, Warren, OH 44484
ResidentialIncome, Warren, OH
Property Size2,448 SF
Lot Size0.29 Acres
Days on Market78
Property Features for 7744 Brookwood Drive NE
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Laundry Room, Basement, Bedroom 2, Bedroom 4, Bathroom 2, Bedroom 1, Bathroom 1
Parking features
Driveway, Garage
Appliances
Dishwasher, Range, Refrigerator
Subdivision
Venice Heights
Elementary school district
Howland LSD - 7808
Middle school district
Howland LSD - 7808
High school district
Howland LSD - 7808
Directions
Niles Cortland Rd. (Rt. 46) to Brookwood NE - duplex on left towards end of street
Standard status
Pending
APN
28-133301
Size
2,448 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
121 107F VENICE HTS PLAT 6 BROOKWOOD DR REPLAT
Tax Annual Amount
4167
Legal Description
121 107F VENICE HTS PLAT 6 BROOKWOOD DR REPLAT
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
full basement
garage
yard
Building Details
Year built
1977
Floors in Building
2
Building materials
Brick
Roof type
Asphalt, Fiberglass
Listing Agency:
CENTURY 21 Lakeside Realty · Century 21 Real Estate
(234) 806-0004
Listed By:
Melissa M Parker · License #2013000699
(330) 219-7929
Added: Jun 6
Changed: Aug 20
Last Checked: Aug 22 at 5:06AM
MLS# 5216723
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 brick duplex, built in 1977, contains two 2-bedroom units within 2,448 square feet. Each residence includes a living area, separate dining space, functional kitchen, and bathroom. The property also provides a full basement, garage, driveway parking, and a yard. Appliances include a dishwasher, range, and refrigerator. Public water and public sewer serve the property, with forced-air heating and central air conditioning.
Recent improvements include a roof replacement in 2019, vinyl windows installed in 2017, a new furnace for the 7742 unit in 2024, and new central A/C installed in 2021. Both units have hot water tanks approximately 8 years old. The property occupies 0.2938 acres at 7744 Brookwood Drive NE in Warren, Ohio 44484.
Recent improvements include a roof replacement in 2019, vinyl windows installed in 2017, a new furnace for the 7742 unit in 2024, and new central A/C installed in 2021. Both units have hot water tanks approximately 8 years old. The property occupies 0.2938 acres at 7744 Brookwood Drive NE in Warren, Ohio 44484.
Key Highlights
- Two 2‑bedroom residential units within 2,448 square feet
- Brick construction with a garage, driveway parking, full basement, and yard
- Roof replaced in 2019 and all vinyl windows replaced in 2017
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
$20,188
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
8.82%
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%
$403,760
$403.8K
Cap Rate 7%
$288,400
$288.4K
Cap Rate 9%
$224,311
$224.3K
Market Conditions
NOI Build-Up for 2,448 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
$30.8K $12.60/SF
− Vacancy
−$2.0K −$0.82/SF
EGI
$28.8K $11.78/SF
− OpEx
−$8.7K −$3.53/SF
NOI
$20.2K $8.25/SF
Area
Trumbull County, OH
Vacancy
6.50%
Lease Rate
$12.60 /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%
$403,760
Cap Rate 7%
$288,400
Cap Rate 9%
$224,311
Alternative Uses
Best Use
Multifamily LT 5
$288.4K
$252.4K – $336.5K
NOI $20,188 @ 7.0% cap · market cap 8.82%
Second Best
Apartment 5plus
$267.4K
$234.0K – $312.0K
NOI $18,720 @ 7.0% cap · market cap 8.17%
Theoretical Best
Office A
$464.6K
$406.6K – $542.1K
NOI $32,525 @ 7.0% cap · market cap 14.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
103
Businesses Nearby
Explore this area
Business Placement
Demographics for 44484, OH
22,290
Population
9,929
Households
2.2
Avg Household Size
46
Median Age
26%
College-Educated
93%
High-School Grad
17.9 sq mi
ZIP Area
1,245
Density / Sq Mi
$65,435
Median Household Income
$42,490
Median Earnings
$840
Median Rent
$166,100
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 residential units offer separate living, dining, and kitchen areas, plus basement storage and outdoor space.
Where is this duplex located?
The property is located at 7744 Brookwood Drive NE Warren, OH.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: Two 2‑bedroom residential units within 2,448 square feet; Brick construction with a garage, driveway parking, full basement, and yard; Roof replaced in 2019 and all vinyl windows replaced in 2017
