Brick Duplex with Off-Street
For Sale
$204,900
912 N Highland Ave, Girard, OH 44420
Two residential units offer separate laundry areas and functional layouts near schools and Tod Memorial Park.
Property Size1,349 SF
Price / SF$151.89
Days on Market13
Property Features for 912 N Highland Ave
General Information
Standard status
Active
Size
1,349 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
off-street parking
in-unit laundry
Building Details
Year Built
1972
Buildings
1
Construction
brick
Listing Agency:
Brokers Realty Group
(330) 883-0040
Listed By:
Danny Duvall · License #2013000677
Source:
Theacclaimedrealty
Added: Aug 17
Changed: Aug 29
Last Checked: Aug 29 at 6:41PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Brokers Realty Group
Investment Insights
Based on property information with market context.
This 1,349-square-foot duplex, built in 1972, contains two two-bedroom, one-bathroom residences. Each unit includes a living room, kitchen with wood cabinetry and laminate countertops, laminate flooring, two bedrooms, a full bathroom with tub surround, and a dedicated laundry area. The property has a brick exterior, dimensional shingle roof, and an off-street parking lot.
Located at 912 N Highland Ave in Girard, the property is within the Girard School District and within walking distance of schools and Tod Memorial Park. Separate residential layouts and individual laundry areas support tenant convenience, while the two-unit configuration also allows an owner to occupy one side and lease the other, as described in the property information.
Located at 912 N Highland Ave in Girard, the property is within the Girard School District and within walking distance of schools and Tod Memorial Park. Separate residential layouts and individual laundry areas support tenant convenience, while the two-unit configuration also allows an owner to occupy one side and lease the other, as described in the property information.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 1 bathroom in each residence
- 1,349 SF property built in 1972
- Brick exterior with dimensional shingle roof
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
$13,156
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
6.42%
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%
$263,120
$263.1K
Cap Rate 7%
$187,943
$187.9K
Cap Rate 9%
$146,178
$146.2K
Market Conditions
NOI Build-Up for 1,349 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
$20.2K $15.00/SF
− Vacancy
−$1.4K −$1.07/SF
EGI
$18.8K $13.93/SF
− OpEx
−$5.6K −$4.18/SF
NOI
$13.2K $9.75/SF
Area
Butler County, OH
Vacancy
7.12%
Lease Rate
$15.00 /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%
$263,120
Cap Rate 7%
$187,943
Cap Rate 9%
$146,178
Alternative Uses
Best Use
Multifamily LT 5
$187.9K
$164.5K – $219.3K
NOI $13,156 @ 7.0% cap · market cap 6.42%
Second Best
Apartment 5plus
$172.9K
$151.3K – $201.8K
NOI $12,106 @ 7.0% cap · market cap 5.91%
Theoretical Best
Office A
$266.7K
$233.4K – $311.2K
NOI $18,671 @ 7.0% cap · market cap 9.11%
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
58
Businesses Nearby
Explore this area
Business Placement
Demographics for 44420, OH
15,033
Population
7,047
Households
2.1
Avg Household Size
44
Median Age
22%
College-Educated
93%
High-School Grad
14.8 sq mi
ZIP Area
1,016
Density / Sq Mi
$52,542
Median Household Income
$36,931
Median Earnings
$776
Median Rent
$115,000
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 offer separate laundry areas and functional layouts near schools and Tod Memorial Park.
Where is this duplex located?
The property is located at 912 N Highland Ave Girard, OH.
What is the asking price?
The asking price for this property is $204,900.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 1 bathroom in each residence; 1,349 SF property built in 1972; Brick exterior with dimensional shingle roof
