Three-Unit Short-Term Rental
New
For Sale
$699,900
9248 Woodworth Rd, North Lima, OH 44452
Two buildings offer three furnished rental spaces, including a detached one-bedroom cottage and an attached garage.
Property Size3,180 SF
Price / SF$220.09
Days on Market6
Property Features for 9248 Woodworth Rd
General Information
Standard status
Active
Size
3,180 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/1.5BA, 1 x 2BR, 1 x 1BR
Multifamily Units
3
Building Details
Year Built
1941
Listing Agency:
The Agency Cleveland Northcoast
Listed By:
Mary A Markulis · License #2003017990
(330) 618-2118
Source:
Theacclaimedrealty
Added: Oct 1
Last Checked: Oct 5 at 7:37PM
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 The Agency Cleveland Northcoast
Investment Insights
Based on property information with market context.
This three-unit property includes a front home with two upstairs bedrooms, 1.5 bathrooms, a living room with a fireplace, and an open kitchen and dining area. Its attached one-car garage connects to a second two-bedroom unit with fireplaces and updated kitchen and bathroom finishes. A detached one-bedroom cottage completes the layout; it has vaulted ceilings. Appliances in all three units convey. The property was built in 1941 and contains 3,180 square feet.
The property is in the Boardman school district and near amenities. Current guest reservations may affect showing availability.
The property is in the Boardman school district and near amenities. Current guest reservations may affect showing availability.
Key Highlights
- Three rental units across a main building and a separate cottage
- 3,180 square feet; built in 1941
- Front home has 2 bedrooms, 1.5 bathrooms, a fireplace, and attached one‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,416
Cap Rate
3.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$428,320
$428.3K
Cap Rate 7%
$305,943
$305.9K
Cap Rate 9%
$237,956
$238.0K
Market Conditions
NOI Build-Up for 3,180 SF
Gross rent
$32.4K $10.20/SF
− Vacancy
−$1.8K −$0.58/SF
EGI
$30.6K $9.62/SF
− OpEx
−$9.2K −$2.89/SF
NOI
$21.4K $6.73/SF
Area
Mahoning County, OH
Vacancy
5.68%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$428,320
Cap Rate 7%
$305,943
Cap Rate 9%
$237,956
Alternative Uses
Best Use
Multifamily LT 5
$305.9K
$267.7K – $356.9K
NOI $21,416 @ 7.0% cap · market cap 3.06%
Second Best
Apartment 5plus
$281.9K
$246.7K – $328.9K
NOI $19,733 @ 7.0% cap · market cap 2.82%
Theoretical Best
Office A
$600.1K
$525.1K – $700.1K
NOI $42,007 @ 7.0% cap · market cap 6.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
270
Businesses Nearby
Explore this area
Business Placement
Demographics for 44452, OH
3,114
Population
1,166
Households
2.7
Avg Household Size
50
Median Age
28%
College-Educated
92%
High-School Grad
13.7 sq mi
ZIP Area
227
Density / Sq Mi
$60,000
Median Household Income
$44,875
Median Earnings
$738
Median Rent
$223,800
Median Home Value
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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?
Short term rental property - Two buildings offer three furnished rental spaces, including a detached one-bedroom cottage and an attached garage.
Where is this short term rental property located?
The property is located at 9248 Woodworth Rd North Lima, OH.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Three rental units across a main building and a separate cottage; 3,180 square feet; built in 1941; Front home has 2 bedrooms, 1.5 bathrooms, a fireplace, and attached one‑car garage
