Side-by-Side Duplex
For Sale
Contact for pricing
Pending
784 Elmwood Drive, Hubbard, OH 44425
Side-by-side duplex built in 2009 offering two units with attached two-car garages, full basements, and private decks.
Property Size2,900 SF
Days on Market106
Property Features for 784 Elmwood Drive
General Information
Standard status
Pending
Size
2,900 SF
Property subtype
Multifamily
Building Details
Year Built
2009
Buildings
1
Stories
1
Listing Agency:
Russell Commercial Advisory
Listed By:
Bob Roberts · License #Ohio SAL 357786
Source:
Crexi
Added: May 26
Changed: Aug 8
Last Checked: Jul 24 at 2:22PM
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
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
$23,915
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
6.38%
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%
$478,300
$478.3K
Cap Rate 7%
$341,643
$341.6K
Cap Rate 9%
$265,722
$265.7K
Market Conditions
NOI Build-Up for 2,900 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
$36.5K $12.60/SF
− Vacancy
−$2.4K −$0.82/SF
EGI
$34.2K $11.78/SF
− OpEx
−$10.2K −$3.53/SF
NOI
$23.9K $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%
$478,300
Cap Rate 7%
$341,643
Cap Rate 9%
$265,722
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 authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
60
Businesses Nearby
Explore this area
Business Placement
Demographics for 44425, OH
14,280
Population
6,614
Households
2.2
Avg Household Size
47
Median Age
27%
College-Educated
96%
High-School Grad
30.5 sq mi
ZIP Area
468
Density / Sq Mi
$62,287
Median Household Income
$42,293
Median Earnings
$804
Median Rent
$128,800
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 - 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
