Brick Duplex with Off-Street
For Sale
$204,900
912 N Highland Avenue, Girard, OH 44420
ResidentialIncome, Girard, OH
Property Size1,349 SF
Lot Size0.15 Acres
Price / SF$151.89
Days on Market103
Property Features for 912 N Highland Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 1
Parking features
Parking Lot
Subdivision
John Ezzo 01
Elementary school district
Girard CSD - 7807
Middle school district
Girard CSD - 7807
High school district
Girard CSD - 7807
Directions
304 Right on Highland, Units on the left.
Standard status
Active
APN
14-461600
Size
1,349 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
4 50F JOHN EZZO #1 HIGHLAND AVE
Tax Annual Amount
1734
Legal Description
4 50F JOHN EZZO #1 HIGHLAND AVE
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
off-street parking
laundry area
Building Details
Year built
1972
Floors in Building
2
Building materials
Brick
Roof type
Asphalt, Fiberglass
Listing Agency:
Brokers Realty Group · Real Living
(330) 856-7777
Listed By:
Danny Duvall · License #2013000677
(330) 883-0040
Added: Jun 1
Changed: Sep 3
Last Checked: Sep 11 at 6:06PM
MLS# 5214203
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 1,349-square-foot duplex contains two residential units, each with two bedrooms, one full bathroom, a living room, kitchen, and dedicated laundry area. The kitchens include wood cabinetry, laminate countertops, and laminate flooring. Built in 1972, the property has a brick exterior, fiberglass asphalt roofing, forced-air natural gas heat, and central air conditioning. Public water and public sewer serve the building, while a parking lot provides off-street parking.
The property occupies 0.1458 acres at 912 N Highland Avenue in Girard, Ohio. It is within the Girard School District and near schools and Tod Memorial Park, with those destinations described as walkable from the property. Tenants are responsible for all utilities, according to the property information.
The property occupies 0.1458 acres at 912 N Highland Avenue in Girard, Ohio. It is within the Girard School District and near schools and Tod Memorial Park, with those destinations described as walkable from the property. Tenants are responsible for all utilities, according to the property information.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 1 bathroom in each unit
- 1,349 square feet on a 0.1458‑acre lot
- Brick exterior with fiberglass asphalt roof; built in 1972
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
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
104
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two two-bedroom units feature dedicated laundry areas, central air, and separate utility responsibility for tenants.
Where is this duplex located?
The property is located at 912 N Highland Avenue 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 unit; 1,349 square feet on a 0.1458‑acre lot; Brick exterior with fiberglass asphalt roof; built in 1972
