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High-Yield Investment Near YSU Campus

816 Michigan Avenue, Youngstown, OH 44504

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For Sale

$165,000

MULTI_FAMILY - Youngstown, OH

Property size:

1,785 SF

Lot size:

0.14 Acres

Price / SF:

$92/SF

HighLights

Turnkey duplex with rent‑by‑the‑room model and current operating at a 12.49% cap rate
Owner’s monthly expenses average $583 covering utilities, high‑speed internet, and lawn care, plus a $150 monthly reserve for repairs
57% of capacity is leased at $575+ per month, with 43% vacancy offering upside toward a 23.64% pro‑forma cap rate
Each floor includes its own fully equipped kitchen and full bathroom; shared basement laundry and ample storage in basement, garage, and attic
Upgrades include roof less than 5 years old and furnaces under 10 years old
1901‑built duplex with vinyl siding, forced‑air heat, shingle roof, driveway parking, public water, and public sewer

We can help!

Listing Contact

Shawn Burton

For Sale

$165,000

MULTI_FAMILY - Youngstown, OH

Property size:

1,785 SF

Lot size:

0.14 Acres

Price / SF:

$92/SF

Added:: Sep 25, 2025
Days on Market:: 270
Last Refresh:: Jun 21 at 7:06 am

Property Features for 816 Michigan Avenue

General Information

Property type: Residential Multi Family
Property subtype: Other
Bedrooms: 4
Bathrooms: 2
Rooms: Bedroom 3, Basement, Bathroom 1, Bedroom 4, Bedroom 1, Bedroom 2, Bathroom 2
Parking features: Driveway
Standard status: Active
APN: 53-005-0-278.00-0
Size: 1,785 SF
Lot size: 0.14 Acres

Taxes and HOA fees

Tax Year: 2024
Tax Description: LOT 4888 50 X 150 MICHIGAN
Tax Annual Amount: 915

Utilities

Sewer type: Public Sewer
Heating system: Forced Air
Water source: Public

Building Details

Year built: 1901
Floors in Building: 3
Building materials: VinylSiding
Roof type: Shingle

We can help!

Listing Contact

Shawn Burton

Listing agent Shawn Burton License #2020006722

Listing office Keller Williams Chervenic Realty 8133 E Market St., Upper, Stow, OH

Listing date Sep 25, 2025

MLS# 5159890 Listing URL

HighLights

Turnkey duplex with rent‑by‑the‑room model and current operating at a 12.49% cap rate
Owner’s monthly expenses average $583 covering utilities, high‑speed internet, and lawn care, plus a $150 monthly reserve for repairs
57% of capacity is leased at $575+ per month, with 43% vacancy offering upside toward a 23.64% pro‑forma cap rate
Each floor includes its own fully equipped kitchen and full bathroom; shared basement laundry and ample storage in basement, garage, and attic
Upgrades include roof less than 5 years old and furnaces under 10 years old
1901‑built duplex with vinyl siding, forced‑air heat, shingle roof, driveway parking, public water, and public sewer

Overview

Located near Youngstown State University, 816 Michigan Avenue is a duplex offering an investment opportunity. The property is currently operating at a 12.49% Cap Rate. The property utilizes a rent-by-the-room model, with 57% of the capacity already leased at $575+ per month. Each floor features its own fully equipped kitchen and full bathroom. Shared basement laundry, off-street parking, and storage space across the basement, garage, and attic are available. The owner's monthly expenses average $583, covering all utilities, high-speed internet, and lawn care, while maintaining a built-in $150 monthly reserve for repairs. The roof is less than five years old and the furnaces are under ten years old. The YSU Penguin Shuttle stops directly in front of the building, and Wick Park is nearby. The property size is 1,785 square feet, and the lot size is 0.135 acres.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$18.2k	$10.20
− Vacancy	−$1.0k	−$0.58
EGI	$17.2k	$9.62
− OpEx	−$5.2k	−$2.89
NOI	$12.0k	$6.73

1,785 SF · lease $10.20/SF/yr · vacancy 5.68% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$171.7K

$150.3K – $200.4K (±1% cap)

NOI $12,021 @ 7.0% cap · market cap 7.29%

Second Best

Apartment 5plus

$158.2K

$138.5K – $184.6K (±1% cap)

NOI $11,076 @ 7.0% cap · market cap 6.71%

Theoretical Best

Office A

$336.8K

$294.7K – $393.0K (±1% cap)

NOI $23,579 @ 7.0% cap · market cap 14.29%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Youngstown
County: Mahoning
State: Ohio
Longitude: -80.650303
Latitude: 41.111839

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For sale
Duplexes
OH
Youngstown
44504
816 Michigan Avenue

What type of property is this?

Duplex - Turnkey duplex near Youngstown State University with immediate cash flow.

Where is this duplex located?

The property is located at 816 Michigan Avenue Youngstown, OH.

What is the asking price?

The asking price for this property is $165,000.

What are key features of this property?

This property features: Turnkey duplex with rent‑by‑the‑room model and current operating at a 12.49% cap rate; Owner’s monthly expenses average $583 covering utilities, high‑speed internet, and lawn care, plus a $150 monthly reserve for repairs; 57% of capacity is leased at $575+ per month, with 43% vacancy offering upside toward a 23.64% pro‑forma cap rate

816 Michigan Avenue, Youngstown, OH 44504

MULTI_FAMILY - Youngstown, OH

Property Features for 816 Michigan Avenue

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Youngstown Commercial Property with Parking

Updated Duplex in Youngstown, OH

Youngstown Mixed-Use Commercial/Residential Property

Stacked Duplex With Detached Garages

Affordable Multi-Unit Income Property

Youngstown Multifamily Investment Opportunity

Youngstown Brick Duplex with Garage

Downtown Brick Mixed-Use Retail Buildings

Income-Producing 4-Plex Near University

Turn-Key Investment Opportunity

Youngstown Duplex with Vacant Lot

Well-Maintained Youngstown Quadplex For Sale

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