Building Details

Building Size 2,172 SF

Year Built 1893

Stories 2

Listing Agency: RE/MAX Crossroads Properties Show Phone

Listed By: Patrick Lucey

Source: Karenullomrealty

Added: Oct 21 Changed: Oct 28 Last Checked: Oct 28 at 2:57PM

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Investment Insights

Based on property information with market context.

Built in 1893, this Hudson home combines original woodwork, hardwood floors, and built-in bookcases with an updated eat-in kitchen featuring stone countertops. The layout includes a living room, library, formal dining room, three bedrooms, and two full baths. Laundry is located on the second floor near the bedrooms. Boiler heat and central air conditioning serve the home, and furnishings are available. Perennial plantings are established around the property, and a front porch provides outdoor seating. The home has operated as an Airbnb for two years.

The property is a short distance from Western Reserve Academy and Hudson’s downtown Main Street and Village Green, with shops, restaurants, gathering places, and community amenities nearby.

Key Highlights

• Used as an Airbnb for two years
• Three bedrooms and two full baths
• Built in 1893 with hardwood floors, built‑in bookcases, and original wood casings

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$17,413

Cap Rate

2.90%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$348,260 $348.3K

Cap Rate 7%

$248,757 $248.8K

Cap Rate 9%

$193,478 $193.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,172 SF

Gross rent

$33.4K $15.36/SF

− Vacancy

−$1.7K −$0.78/SF

EGI

$31.7K $14.58/SF

− OpEx

−$14.2K −$6.56/SF

NOI

$17.4K $8.02/SF

Area

Summit County, OH

Vacancy

5.10%

Lease Rate

$15.36 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$348,260

Cap Rate 7%

$248,757

Cap Rate 9%

$193,478

Alternative Uses

Best Use

Apartment 5plus

$248.8K

$217.7K – $290.2K (±1% cap)

NOI $17,413 @ 7.0% cap · market cap 2.90%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$533.0K

$466.4K – $621.9K (±1% cap)

NOI $37,312 @ 7.0% cap · market cap 6.22%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Location Intelligence

Trade Area within ½ mile

836

Businesses Nearby

Explore this area Business Placement

Demographics for 44236, OH

26,216

Population

9,388

Households

2.8

Avg Household Size

44

Median Age

74%

College-Educated

98%

High-School Grad

32.0 sq mi

ZIP Area

819

Density / Sq Mi

$168,973

Median Household Income

$78,336

Median Earnings

$2,205

Median Rent

$436,900

Median Home Value

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?

Short term rental property - A three-bedroom home with an updated eat-in kitchen, central air conditioning, and laundry beside the second-floor bedrooms.

Where is this short term rental property located?

The property is located at 88 E Streetsboro Street Hudson, OH.

What is the asking price?

The asking price for this property is $600,000.

What are key features of this property?

This property features: Used as an Airbnb for two years; Three bedrooms and two full baths; Built in 1893 with hardwood floors, built‑in bookcases, and original wood casings