29-Room Apartment
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 Market390
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 6, Bathroom 16, Bedroom 4, Bedroom 26, Bedroom 2, Bathroom 14, Bathroom 15, Bedroom 16, Bedroom 28, Bedroom 12, Bedroom 14, Bathroom 17, Bedroom 13, Bathroom 1, Bathroom 9, Bathroom 11, Bathroom 18, Bedroom 21, Bedroom 29, Bathroom 2, Basement, Bedroom 3, Laundry Room, Bedroom 9, Bedroom 8, Bedroom 11, Bedroom 15, Bathroom 5, Bedroom 22, Bedroom 19, Bedroom 1, Bedroom 27, Bedroom 17, Bedroom 18, Bathroom 7, Bathroom 8, Bedroom 23, Bathroom 10, Bathroom 3, Bedroom 7, Bathroom 4, Bathroom 12, Bathroom 13, Bedroom 24, Bathroom 6, Bedroom 5, Bedroom 10, Bedroom 20, Bedroom 25
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
Forced Air, Fireplace(s)
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
(330) 967-4300
Listed By:
Stacey M Grant · License #448393
(330) 646-8661
Added: Jul 29, 2025
Changed: Aug 20
Last Checked: Aug 22 at 9:06PM
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.
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 = 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
$57,114
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
8.46%
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%
$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
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
$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 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%
$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
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
NOI $121,581 @ 7.0% cap · market cap 18.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
202
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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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
