Tenant-Occupied Triplex
New
For Sale
$160,000
919 Owsley Street, Masury, OH 44438
ResidentialIncome, Masury, OH
Property Size1,320 SF
Lot Size0.11 Acres
Price / SF$121.21
Days on Market2
Property Features for 919 Owsley Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
3
Bathrooms
1
Full bathrooms
3
Rooms
Bedroom 3, Bedroom 2, Bathroom 3, Bathroom 1, Bedroom 1, Bathroom 2
Parking features
Driveway
Subdivision
Sharon Heights
Elementary school district
Brookfield LSD - 7803
Middle school district
Brookfield LSD - 7803
High school district
Brookfield LSD - 7803
Directions
Lincoln St to Owsley St
Standard status
Active
APN
03-052400
Size
1,320 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
555 40F SHARON HTS2 PACIFIC ST
Tax Annual Amount
191
Legal Description
555 40F SHARON HTS2 PACIFIC ST
Utilities
Sewer type
Septic Tank
Heating system
Natural Gas, Forced Air
Cooling system
Window Unit(s)
Water source
Well
Building Details
Year built
1965
Floors in Building
1
Building materials
AluminumSiding
Roof type
Asphalt, Fiberglass
Listing Agency:
Brokers Realty Group · Real Living
(330) 856-7777
Listed By:
Daniel J Alvarez · License #2004020741
(330) 503-0615
Added: Aug 28
Last Checked: Aug 29 at 7:06PM
MLS# 5240685
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 residential investment package combines three tenant-occupied homes under one sale, providing a single transaction for the assembled properties. The included addresses are 8114 W Lincoln St NE, 905 Owsley St, and 919 Owsley St in Masury. The properties feature aluminum siding, asphalt and fiberglass roofing, natural gas forced-air heating, window-unit cooling, driveway parking, well water, and septic systems.
The homes were built in 1965 and are located in Trumbull County, Ohio. Existing occupancy is in place across the package. The property information identifies three bedrooms and three bathrooms among the listed room details, along with a 1,320-square-foot property size. The properties are being offered together rather than individually.
The homes were built in 1965 and are located in Trumbull County, Ohio. Existing occupancy is in place across the package. The property information identifies three bedrooms and three bathrooms among the listed room details, along with a 1,320-square-foot property size. The properties are being offered together rather than individually.
Key Highlights
- Three tenant‑occupied residential properties included in one package
- Addresses include 8114 W Lincoln St NE, 905 Owsley St, and 919 Owsley St
- 1,320 square feet property size
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
$10,886
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
6.80%
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%
$217,720
$217.7K
Cap Rate 7%
$155,514
$155.5K
Cap Rate 9%
$120,956
$121.0K
Market Conditions
NOI Build-Up for 1,320 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
$16.6K $12.60/SF
− Vacancy
−$1.1K −$0.82/SF
EGI
$15.6K $11.78/SF
− OpEx
−$4.7K −$3.53/SF
NOI
$10.9K $8.25/SF
Area
Trumbull County, OH
Vacancy
6.50%
Lease Rate
$12.60 /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%
$217,720
Cap Rate 7%
$155,514
Cap Rate 9%
$120,956
Alternative Uses
Best Use
Multifamily LT 5
$155.5K
$136.1K – $181.4K
NOI $10,886 @ 7.0% cap · market cap 6.80%
Second Best
Apartment 5plus
$144.2K
$126.2K – $168.2K
NOI $10,094 @ 7.0% cap · market cap 6.31%
Theoretical Best
Office A
$250.5K
$219.2K – $292.3K
NOI $17,538 @ 7.0% cap · market cap 10.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
55
Businesses Nearby
Explore this area
Business Placement
Demographics for 44438, OH
4,762
Population
2,632
Households
1.8
Avg Household Size
47
Median Age
15%
College-Educated
90%
High-School Grad
9.4 sq mi
ZIP Area
507
Density / Sq Mi
$42,934
Median Household Income
$33,716
Median Earnings
$763
Median Rent
$78,900
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?
Triplex - Three occupied residential properties are offered together as a single rental package in Masury.
Where is this triplex located?
The property is located at 919 Owsley Street Masury, OH.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: Three tenant‑occupied residential properties included in one package; Addresses include 8114 W Lincoln St NE, 905 Owsley St, and 919 Owsley St; 1,320 square feet property size
