Duplex with
For Sale
$200,000
Pending
9282 Gerald Drive, Streetsboro, OH 44241
ResidentialIncome, Streetsboro, OH
Property Size2,128 SF
Lot Size0.40 Acres
Days on Market50
Property Features for 9282 Gerald Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 6, Bedroom 4, Bedroom 2, Bathroom 1, Bedroom 5, Bedroom 1, Bathroom 2
Parking features
Garage, Driveway
Subdivision
Brugman Sub
Elementary school district
Streetsboro CSD - 6709
Middle school district
Streetsboro CSD - 6709
High school district
Streetsboro CSD - 6709
Directions
43S, Russell to Gerald property on right
Standard status
Pending
APN
35-046-10-00-024-000
Size
2,128 SF
Lot size
0.40 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BRUGMAN SUBD LOT 24 F 90.00
Tax Annual Amount
1472
Legal Description
BRUGMAN SUBD LOT 24 F 90.00
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1972
Floors in Building
1
Building materials
AluminumSiding
Roof type
Asphalt, Fiberglass
Listing Agency:
RE/MAX Edge Realty · RE/MAX International
(330) 236-5100
Listed By:
Debbie L Ferrante · License #2010000047
(330) 958-8394
Added: Jul 8
Changed: Aug 20
Last Checked: Aug 26 at 1:06PM
MLS# 5225678
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 1972 duplex contains 2,128 square feet arranged as two three-bedroom residences. One unit is occupied by a tenant, while the second is prepared for occupancy. Recent mechanical improvements include a furnace installed in 2025, central air conditioning added in 2024, and a water heater updated in 2026. Aluminum siding, forced-air heat, asphalt and fiberglass roofing, a garage, and a driveway are among the property’s physical features.
The property is located in Streetsboro, Ohio, near shopping, dining, parks, and major highways. Public water and public sewer serve the property. Its two-unit layout supports an owner-occupancy arrangement or continued use as a residential income property, subject to applicable requirements.
The property is located in Streetsboro, Ohio, near shopping, dining, parks, and major highways. Public water and public sewer serve the property. Its two-unit layout supports an owner-occupancy arrangement or continued use as a residential income property, subject to applicable requirements.
Key Highlights
- Two 3‑bedroom units within a 2,128‑square‑foot duplex
- One unit is tenant‑occupied; the second is ready for occupancy
- Furnace installed in 2025, central A/C added in 2024, and water heater updated in 2026
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
$17,144
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
8.57%
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%
$342,880
$342.9K
Cap Rate 7%
$244,914
$244.9K
Cap Rate 9%
$190,489
$190.5K
Market Conditions
NOI Build-Up for 2,128 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
$33.2K $15.60/SF
− Vacancy
−$2.0K −$0.95/SF
EGI
$31.2K $14.65/SF
− OpEx
−$14.0K −$6.59/SF
NOI
$17.1K $8.06/SF
Area
Portage County, OH
Vacancy
6.10%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
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%
$342,880
Cap Rate 7%
$244,914
Cap Rate 9%
$190,489
Alternative Uses
Best Use
Multifamily LT 5
$264.6K
$231.6K – $308.7K
NOI $18,524 @ 7.0% cap · market cap 9.26%
Second Best
Apartment 5plus
$244.9K
$214.3K – $285.7K
NOI $17,144 @ 7.0% cap · market cap 8.57%
Theoretical Best
Office A
$428.6K
$375.1K – $500.1K
NOI $30,004 @ 7.0% cap · market cap 15.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
532
Businesses Nearby
Explore this area
Business Placement
Demographics for 44241, OH
17,659
Population
7,756
Households
2.3
Avg Household Size
41
Median Age
27%
College-Educated
91%
High-School Grad
22.2 sq mi
ZIP Area
795
Density / Sq Mi
$81,392
Median Household Income
$48,141
Median Earnings
$1,372
Median Rent
$190,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom units offer flexible occupancy, with one tenant-occupied residence and one available for a new occupant.
Where is this duplex located?
The property is located at 9282 Gerald Drive Streetsboro, OH.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Two 3‑bedroom units within a 2,128‑square‑foot duplex; One unit is tenant‑occupied; the second is ready for occupancy; Furnace installed in 2025, central A/C added in 2024, and water heater updated in 2026
