Side-by-Side Duplex
784 Elmwood Drive Hubbard, OH 44425
784 Elmwood Drive, Hubbard, OH, 44425
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For Sale
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Side-by-side duplex built in 2009 offering two units with attached two-car garages, full basements, and private decks.
Property Size2,900 SF
Price / SF$129.31
Days on Market58
Property Features for 784 Elmwood Drive
General Information
- Standard status
- Active
- Size
- 2,900 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2009
Listing agency
Russell Commercial Advisory
Listed by
Bob Roberts · License #Ohio SAL 357786
Source
Crexi
Added: May 26 Updated: Jul 22 at 9:59AM Checked: Jul 22 at 9:59AM
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 Russell Commercial Advisory
Investment Insights
Based on property information with market context.
This side-by-side stone and vinyl duplex was built in 2009 and includes two matching units. Each unit is approximately 1,450 square feet and features a living room with a gas fireplace, a large eat-in kitchen with LVT flooring, and a first-floor laundry room. Both units offer three bedrooms and two full bathrooms, along with a full basement and a two-car attached garage. Newer decks are included for each side.
The property is located at 784 Elmwood Drive in Hubbard, Ohio (44425).
With the two well-appointed, mirrored layouts and attached garages, the duplex provides an efficient configuration for residential income buyers seeking two separate, self-contained living spaces.
The property is located at 784 Elmwood Drive in Hubbard, Ohio (44425).
With the two well-appointed, mirrored layouts and attached garages, the duplex provides an efficient configuration for residential income buyers seeking two separate, self-contained living spaces.
Key Highlights
- Duplex built in 2009 offering two side‑by‑side units
- Each side has approx. 1,450 SF with 3 bedrooms and 2 full baths
- Each unit includes a living room with a gas fireplace and a large eat‑in kitchen with LVT flooring
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.5k | $12.60 |
| − Vacancy | −$2.4k | −$0.82 |
| EGI | $34.2k | $11.78 |
| − OpEx | −$10.2k | −$3.53 |
| NOI | $23.9k | $8.25 |
2,900 SF · lease $12.60/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$341.6K
$298.9K – $398.6K
NOI $23,915 @ 7.0% cap · market cap 6.38%
Second Best
Apartment 5plus
$316.8K
$277.2K – $369.6K
NOI $22,177 @ 7.0% cap · market cap 5.91%
Theoretical Best
Office A
$550.4K
$481.6K – $642.2K
NOI $38,531 @ 7.0% cap · market cap 10.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Side-by-side duplex built in 2009 offering two units with attached two-car garages, full basements, and private decks.
Where is this duplex located?
The property is located at 784 Elmwood Drive Hubbard, 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: Duplex built in 2009 offering two side‑by‑side units; Each side has approx. 1,450 SF with 3 bedrooms and 2 full baths; Each unit includes a living room with a gas fireplace and a large eat‑in kitchen with LVT flooring
