Former Convent/Dormitory Multi-Family
795-796 5th Street, Youngstown, OH 44471
MULTI_FAMILY - Youngstown, OH
Property size:
9,204 SFLot size:
0.14 AcresPrice / SF:
$73/SF- Added:
- Jul 29, 2025
- Days on Market:
- 292
- Last Refresh:
- May 16 at 5:06 pm
Property Features for 795-796 5th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 29
- Bathrooms
- 18
- Rooms
- Bedroom 5, Bathroom 5, Bedroom 29, Bathroom 8, Bedroom 18, Bathroom 17, Bedroom 27, Bedroom 17, Bathroom 2, Bathroom 14, Bedroom 23, Bedroom 14, Bathroom 18, Bedroom 13, Bathroom 12, Bathroom 7, Bedroom 24, Bedroom 7, Bedroom 2, Bedroom 9, Bathroom 4, Bedroom 26, Bathroom 1, Bedroom 8, Bedroom 25, Bedroom 12, Bedroom 11, Basement, Bedroom 21, Bathroom 16, Bathroom 11, Bedroom 3, Bedroom 4, Bedroom 20, Bathroom 13, Bathroom 15, Bedroom 1, Laundry Room, Bedroom 16, Bedroom 28, Bathroom 6, Bedroom 6, Bedroom 22, Bedroom 15, Bedroom 19, Bathroom 9, Bathroom 3, Bedroom 10, Bathroom 10
- Parking features
- Driveway
- Interior features
- HighCeilings, KitchenIsland, PrimaryDownstairs, OpenFloorplan, Storage
- Exterior features
- Courtyard
- Fireplace
- 1
- Appliances
- Microwave, Range, Refrigerator
- 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
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Fireplace(s)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1953
- Floors in Building
- 3
- Building materials
- Brick
- Roof type
- Slate
- Additional Structures
- Storage
Listing agent Stacey M Grant License #448393 (330) 646-8661
Listing office Keller Williams Chervenic Realty 8133 E Market St., Upper, Stow, OH (330) 967-4300
Listing date Jul 29, 2025
MLS# 5144060
Listing URL
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.
HighLights
- High income potential with 29 bedrooms, estimated at $11,500 per month with 80% occupancy, and potential for additional income.
- Versatile property previously used as a Convent/Dormitory/Shared living space, adaptable to multiple purposes.
- Multiple room configurations: Double rooms with shared bath, Single rooms with private bath, and Suites with private bath, microwave, and refrigerator.
- Large kitchen and dining hall suitable for shared living or commercial food preparation.
- Exterior features a private courtyard.
- Includes essential appliances: Microwave, Range, and Refrigerator.
Overview
Located in Youngstown, Ohio, this 9,204 square foot property at 795-796 5th Street sits on a 0.135-acre lot. Formerly used as a convent, dormitory, and shared living space, the property offers adaptability for various uses. The building features a private outdoor courtyard. The shared spaces include oversized family sitting and study rooms, similar to those found in hotels. The property contains 29 rooms configured in three floor plans: double rooms with two separate rooms sharing a full bath, single rooms with private bathrooms, and suites with private bathrooms and space for furniture, dressers, a microwave, and a refrigerator. The first floor includes a large kitchen and dining hall previously used for food preparation for all residents. The property has been vacant since the previous dormitory business closed during Covid. The basement provides additional storage space. The property's location in Mahoning County, Ohio, offers access to local amenities and infrastructure.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$634.6K
NOI $57,114 @ 9.00% cap · cautious / downside scenario
Moderate
$815.9K
NOI $57,114 @ 7.00% cap · market / base-case scenario
Aggressive
$1.14M
NOI $57,114 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $110.4k | $12.00 |
| − Vacancy | −$6.6k | −$0.72 |
| EGI | $103.8k | $11.28 |
| − OpEx | −$46.7k | −$5.08 |
| NOI | $57.1k | $6.21 |
9,204 SF · lease $12.00/SF/yr · vacancy 5.98% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$815.9K
$713.9K – $951.9K
NOI $57,114 @ 7.0% cap · market cap 8.46%
Second Best
Hotel Hospitality
$466.5K
$408.2K – $544.3K
NOI $32,658 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$1.74M
$1.52M – $2.03M
NOI $121,581 @ 7.0% cap · market cap 18.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Schools
Location Insight
- Map
- Local Demand
- City
- Youngstown
- County
- Mahoning
- State
- Ohio
- Longitude
- -80.603886
- Latitude
- 41.049685
Nearby Similar for Sale
FAQs
What type of property is this?
School - Versatile 29-bedroom property suitable for multiple purposes.
Where is this school 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: High income potential with 29 bedrooms, estimated at $11,500 per month with 80% occupancy, and potential for additional income.; Versatile property previously used as a Convent/Dormitory/Shared living space, adaptable to multiple purposes.; Multiple room configurations: Double rooms with shared bath, Single rooms with private bath, and Suites with private bath, microwave, and refrigerator.
