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29-Room Apartment Building
For Sale
Under Contract
$675,000

795-796 5th Street, Youngstown, OH 44471

ResidentialIncome, Youngstown, OH

Property Size9,204 SF
Lot Size0.14 Acres
Price / SF$73.34
Days on Market434

Property Features for 795-796 5th Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 29
Bathrooms 18
Full bathrooms 18
Rooms Bedroom 10, Laundry Room, Bathroom 3, Bedroom 17, Bathroom 4, Bathroom 1, Bedroom 15, Bedroom 19, Bedroom 6, Bedroom 24, Bedroom 9, Bedroom 25, Bedroom 29, Bathroom 18, Bedroom 4, Bedroom 11, Bedroom 13, Bathroom 9, Bedroom 3, Bathroom 15, Bathroom 17, Bathroom 16, Bathroom 13, Bedroom 22, Bedroom 20, Bathroom 11, Bedroom 1, Bedroom 14, Bedroom 8, Bedroom 18, Bedroom 23, Bathroom 14, Bathroom 2, Bathroom 6, Bedroom 5, Bedroom 27, Bedroom 28, Bedroom 21, Bathroom 7, Bedroom 16, Bathroom 8, Basement, Bedroom 12, Bedroom 7, Bedroom 2, Bathroom 12, Bedroom 26, Bathroom 10, Bathroom 5
Parking features Driveway
Interior features HighCeilings, KitchenIsland, PrimaryDownstairs, OpenFloorplan, Storage
Exterior features Courtyard
Fireplace 1
Appliances Microwave, Range, Refrigerator
Subdivision Highview
Elementary school district Struthers CSD - 5011
Middle school district Struthers CSD - 5011
High school district Struthers CSD - 5011
Directions Midlothian to 5th st
Standard status Active Under Contract
APN 38-014-0-273.00-0
Size 9,204 SF
Lot size 0.14 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description LOT 3101 42 X 139.53
Tax Annual Amount 15880
Legal Description LOT 3101 42 X 139.53

Utilities

Sewer type Public Sewer
Heating system Fireplace(s), Forced Air
Cooling system Central Air
Water source Public

Amenities

private courtyard
sitting/study rooms
kitchen
dining hall
basement storage

Building Details

Year built 1953
Floors in Building 3
Building materials Brick
Roof type Slate
Additional Structures Storage
Listing Agency: Keller Williams Chervenic Realty · Keller Williams Realty
Listed By: Stacey M Grant · License #448393
Added: Jul 29, 2025 Changed: Sep 12 Last Checked: Oct 5 at 5:06PM
MLS# 5144060

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 9,204-square-foot apartment building contains 29 rooms arranged in double-room, single-room, and suite configurations. The layouts include shared and private bathrooms, with suites also offering space for a microwave and refrigerator. Interior features include high ceilings, a kitchen island, storage areas, a laundry room, and a large first-floor kitchen and dining hall. The building is constructed of brick and includes forced-air heating, central air, fireplaces, a slate roof, and public water and sewer service.

A private courtyard provides outdoor common space, while driveway parking serves the property. The building was constructed in 1953 and has previously accommodated convent, dormitory, and shared-living uses. It is currently vacant and includes additional basement storage and first-floor shared areas.

Key Highlights

  • 9,204 square feet with 29 rooms
  • Room mix includes double rooms, single rooms, and suites
  • Large first‑floor kitchen and dining hall

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$57,114
Cap Rate
8.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,142,280 $1.1M
Cap Rate 7%
$815,914 $815.9K
Cap Rate 9%
$634,600 $634.6K
Market Conditions
NOI Build-Up for 9,204 SF
Gross rent
$110.4K $12.00/SF
− Vacancy
−$6.6K −$0.72/SF
EGI
$103.8K $11.28/SF
− OpEx
−$46.7K −$5.08/SF
NOI
$57.1K $6.21/SF
Area
Mahoning County, OH
Vacancy
5.98%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,142,280
Cap Rate 7%
$815,914
Cap Rate 9%
$634,600

Alternative Uses

Best Use
Apartment 5plus
$815.9K
$713.9K – $951.9K (±1% cap)
NOI $57,114 @ 7.0% cap · market cap 8.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.74M
$1.52M – $2.03M (±1% cap)
NOI $121,581 @ 7.0% cap · market cap 18.01%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

202
Businesses Nearby

Demographics for 44471, OH

10,445
Population
5,120
Households
2
Avg Household Size
42
Median Age
19%
College-Educated
93%
High-School Grad
4.5 sq mi
ZIP Area
2,321
Density / Sq Mi
$52,811
Median Household Income
$33,313
Median Earnings
$845
Median Rent
$97,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

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?
Apartment building - Brick construction with a courtyard, shared gathering areas, and a large first-floor kitchen.
Where is this apartment building located?
The property is located at 795-796 5th Street Youngstown, OH.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 9,204 square feet with 29 rooms; Room mix includes double rooms, single rooms, and suites; Large first‑floor kitchen and dining hall
More about this property
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