Updated Duplex With Separate
New
For Sale
$119,900
826 Parkwood Avenue, Youngstown, OH 44502
ResidentialIncome, Youngstown, OH
Property Size1,764 SF
Lot Size0.14 Acres
Price / SF$67.97
Days on Market2
Property Features for 826 Parkwood Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 1, Bedroom 4, Bedroom 1, Basement, Bedroom 3, Bathroom 2, Laundry Room
Exterior features
SprinklerIrrigation
Appliances
Dryer, Range, Refrigerator, Washer
Elementary school district
Youngstown CSD - 5014
Middle school district
Youngstown CSD - 5014
High school district
Youngstown CSD - 5014
Directions
Glenwood Ave to Parkwood Ave.
Standard status
Active
APN
53-054-0-204.00-0
Size
1,764 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 6149 50 X 120 PARKWOOD
Tax Annual Amount
33
Legal Description
LOT 6149 50 X 120 PARKWOOD
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Amenities
fenced yard
Building Details
Year built
1897
Floors in Building
3
Building materials
VinylSiding
Roof type
Asphalt, Fiberglass
Listing Agency:
Burgan Real Estate
(330) 783-0055
Listed By:
Lisa Goclano · License #2016004356
(330) 986-0976
Added: Aug 28
Last Checked: Aug 29 at 6:06PM
MLS# 5240400
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 1,764-square-foot duplex, built in 1897, contains a one-level first-floor unit and an upper unit with three bedrooms. Each residence has its own entrance and separate utilities. The occupied lower unit includes appliances, while the vacant upper unit includes a new stove, a bonus room, and access to a large third-floor attic for storage or possible finished use. Basement laundry equipment remains.
Recent and replacement items include a furnace and central A/C installed in 2024 for the vacant unit, a furnace approximately 13 years old serving the occupied unit, a roof approximately 13 years old, newer hot water tanks, newer electrical panels, vinyl tilt-in windows approximately 16 years old, and a newer sump pump. The basement appears to have been waterproofed. The property also includes a fenced yard and an additional lot next door, with a park directly across the street and daycare and downtown Youngstown and Boardman amenities nearby.
Recent and replacement items include a furnace and central A/C installed in 2024 for the vacant unit, a furnace approximately 13 years old serving the occupied unit, a roof approximately 13 years old, newer hot water tanks, newer electrical panels, vinyl tilt-in windows approximately 16 years old, and a newer sump pump. The basement appears to have been waterproofed. The property also includes a fenced yard and an additional lot next door, with a park directly across the street and daycare and downtown Youngstown and Boardman amenities nearby.
Key Highlights
- 1,764‑square‑foot duplex on a 0.138‑acre lot
- Two units with separate entrances and utilities
- Upper unit offers 3 bedrooms, a bonus room, and large third‑floor attic
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
$10,946
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
9.13%
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%
$218,920
$218.9K
Cap Rate 7%
$156,371
$156.4K
Cap Rate 9%
$121,622
$121.6K
Market Conditions
NOI Build-Up for 1,764 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
$21.2K $12.00/SF
− Vacancy
−$1.3K −$0.72/SF
EGI
$19.9K $11.28/SF
− OpEx
−$9.0K −$5.08/SF
NOI
$10.9K $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%
$218,920
Cap Rate 7%
$156,371
Cap Rate 9%
$121,622
Alternative Uses
Best Use
Multifamily LT 5
$169.7K
$148.5K – $198.0K
NOI $11,880 @ 7.0% cap · market cap 9.91%
Second Best
Apartment 5plus
$156.4K
$136.8K – $182.4K
NOI $10,946 @ 7.0% cap · market cap 9.13%
Theoretical Best
Office A
$332.9K
$291.3K – $388.4K
NOI $23,302 @ 7.0% cap · market cap 19.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
300
Businesses Nearby
Explore this area
Business Placement
Demographics for 44502, OH
9,300
Population
4,354
Households
2.1
Avg Household Size
34
Median Age
9%
College-Educated
83%
High-School Grad
5.6 sq mi
ZIP Area
1,661
Density / Sq Mi
$32,259
Median Household Income
$18,571
Median Earnings
$915
Median Rent
$37,500
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 - Two residential units feature distinct entrances, independent utility service, and a fenced yard.
Where is this duplex located?
The property is located at 826 Parkwood Avenue Youngstown, OH.
What is the asking price?
The asking price for this property is $119,900.
What are key features of this property?
This property features: 1,764‑square‑foot duplex on a 0.138‑acre lot; Two units with separate entrances and utilities; Upper unit offers 3 bedrooms, a bonus room, and large third‑floor attic
