Updated Duplex with Two
For Sale
$189,900
900 S Seneca Avenue, Alliance, OH 44601
ResidentialIncome, Alliance, OH
Property Size1,622 SF
Lot Size0.11 Acres
Price / SF$117.08
Days on Market137
Property Features for 900 S Seneca Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Laundry Room, Bedroom 1, Bedroom 3, Basement, Bathroom 1
Parking features
On Street
Appliances
Dryer, Microwave, Range, Refrigerator, Washer
Lot features
Back Yard, Corner Lot, City Lot
Elementary school district
Alliance CSD - 7601
Middle school district
Alliance CSD - 7601
High school district
Alliance CSD - 7601
Directions
From 62 (state street) turn down south seneca, it'll be on your right hand side.
Standard status
Active
APN
00109557
Size
1,622 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
787
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1897
Floors in Building
2
Building materials
Block
Roof type
Fiberglass, Asphalt
Listing Agency:
CENTURY 21 Lakeside Realty · Century 21 Real Estate
(330) 793-4200
Listed By:
Jacqueline Anderson · License #2024001473
(913) 683-2352
Added: Apr 8
Changed: Aug 21
Last Checked: Aug 22 at 7:06AM
MLS# 5195765
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.
Located at 900 S Seneca Avenue in Alliance, Ohio, this 1,622-square-foot duplex contains two residential units within a block-constructed building dating to 1897. The lower residence has two bedrooms and one full bathroom, while the upper residence includes one bedroom and one full bathroom. Both units have been remodeled with modern finishes and include appliances such as ranges, refrigerators, microwaves, washers, and dryers.
The property occupies 0.11 acres and uses public water and public sewer. Natural gas heating, central air conditioning, asphalt and fiberglass roofing, and on-street parking serve the building. The lower unit is vacant, and the upper unit is occupied.
The property occupies 0.11 acres and uses public water and public sewer. Natural gas heating, central air conditioning, asphalt and fiberglass roofing, and on-street parking serve the building. The lower unit is vacant, and the upper unit is occupied.
Key Highlights
- Two‑unit duplex with a 2‑bedroom lower residence and 1‑bedroom upper residence
- 1,622 square feet on a 0.11‑acre lot
- Both units include ranges, refrigerators, microwaves, washers, and dryers
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
$13,568
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
7.14%
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%
$271,360
$271.4K
Cap Rate 7%
$193,829
$193.8K
Cap Rate 9%
$150,756
$150.8K
Market Conditions
NOI Build-Up for 1,622 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
$20.0K $12.36/SF
− Vacancy
−$666 −$0.41/SF
EGI
$19.4K $11.95/SF
− OpEx
−$5.8K −$3.58/SF
NOI
$13.6K $8.36/SF
Area
Stark County, OH
Vacancy
3.32%
Lease Rate
$12.36 /SF/Yr
Expense Ratio
30.00%
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%
$271,360
Cap Rate 7%
$193,829
Cap Rate 9%
$150,756
Alternative Uses
Best Use
Multifamily LT 5
$193.8K
$169.6K – $226.1K
NOI $13,568 @ 7.0% cap · market cap 7.14%
Second Best
Apartment 5plus
$169.7K
$148.5K – $198.0K
NOI $11,880 @ 7.0% cap · market cap 6.26%
Theoretical Best
Retail
$423.5K
$370.6K – $494.1K
NOI $29,644 @ 7.0% cap · market cap 15.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
359
Businesses Nearby
Explore this area
Business Placement
Demographics for 44601, OH
33,688
Population
14,532
Households
2.3
Avg Household Size
41
Median Age
17%
College-Educated
90%
High-School Grad
82.0 sq mi
ZIP Area
411
Density / Sq Mi
$61,887
Median Household Income
$33,773
Median Earnings
$803
Median Rent
$142,600
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 - Remodeled two-unit property with separate bedrooms, full bathrooms, appliances, and central air conditioning.
Where is this duplex located?
The property is located at 900 S Seneca Avenue Alliance, OH.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: Two‑unit duplex with a 2‑bedroom lower residence and 1‑bedroom upper residence; 1,622 square feet on a 0.11‑acre lot; Both units include ranges, refrigerators, microwaves, washers, and dryers
