Side-by-Side Duplex with
New
For Sale
$239,900
9708 Kennett Sq Ne, Bolivar, OH 44612
Ranch-style layout offers separate living spaces, attached parking, laundry rooms, and private rear patios.
Property Size1,812 SF
Price / SF$132.40
Days on Market5
Property Features for 9708 Kennett Sq Ne
General Information
Standard status
Active
Size
1,812 SF
Property subtype
Residential Income
Units
Unit Mix
2BR/1BA, 3BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$2,743
Amenities
laundry room
patio
privacy fence
storage shed
Building Details
Buildings
1
Construction
Ranch style
Listing Agency:
McInturf Realty
(330) 364-6648
Listed By:
Jan A McInturf · License #314352
(330) 343-7603
Source:
Exprealty
Added: Sep 16
Changed: Sep 20
Last Checked: Sep 20 at 2:38PM
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 McInturf Realty
Investment Insights
Based on property information with market context.
This 1,812-square-foot ranch-style duplex in Bolivar, OH contains two separately arranged units. Unit A includes 2 bedrooms, 1 bath, a laundry room, a 1-car attached garage, and a 1-car attached carport. Unit B offers 3 bedrooms, 1 bath, a laundry room, a 2-car attached garage, and a 1-car carport. Both residences have electric ceiling heat and wall air-conditioning units.
The property sits on a cul-de-sac in Wilkshire Hills, with the Tow-Path trail bordering the rear. Each unit has a rear patio with a privacy fence separating the outdoor areas. Unit A also has access to a storage shed. Water and sewer are paid by the owner, while tenants pay electric and trash.
The property sits on a cul-de-sac in Wilkshire Hills, with the Tow-Path trail bordering the rear. Each unit has a rear patio with a privacy fence separating the outdoor areas. Unit A also has access to a storage shed. Water and sewer are paid by the owner, while tenants pay electric and trash.
Key Highlights
- 1,812‑square‑foot side‑by‑side duplex
- Unit A: 2 bedrooms, 1 bath, 1‑car garage, 1‑car carport, and storage shed access
- Unit B: 3 bedrooms, 1 bath, 2‑car garage, and 1‑car carport
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
$14,985
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
6.25%
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%
$299,700
$299.7K
Cap Rate 7%
$214,071
$214.1K
Cap Rate 9%
$166,500
$166.5K
Market Conditions
NOI Build-Up for 1,812 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
$23.0K $12.72/SF
− Vacancy
−$1.6K −$0.91/SF
EGI
$21.4K $11.81/SF
− OpEx
−$6.4K −$3.54/SF
NOI
$15.0K $8.27/SF
Area
Tuscarawas County, OH
Vacancy
7.12%
Lease Rate
$12.72 /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%
$299,700
Cap Rate 7%
$214,071
Cap Rate 9%
$166,500
Alternative Uses
Best Use
Multifamily LT 5
$214.1K
$187.3K – $249.8K
NOI $14,985 @ 7.0% cap · market cap 6.25%
Second Best
Apartment 5plus
$189.6K
$165.9K – $221.3K
NOI $13,275 @ 7.0% cap · market cap 5.53%
Theoretical Best
Office A
$337.7K
$295.5K – $394.0K
NOI $23,637 @ 7.0% cap · market cap 9.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
40
Businesses Nearby
Explore this area
Business Placement
Demographics for 44612, OH
5,443
Population
2,296
Households
2.4
Avg Household Size
44
Median Age
31%
College-Educated
95%
High-School Grad
26.5 sq mi
ZIP Area
205
Density / Sq Mi
$84,632
Median Household Income
$43,817
Median Earnings
$792
Median Rent
$244,200
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 - Ranch-style layout offers separate living spaces, attached parking, laundry rooms, and private rear patios.
Where is this duplex located?
The property is located at 9708 Kennett Sq Ne Bolivar, OH.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: 1,812‑square‑foot side‑by‑side duplex; Unit A: 2 bedrooms, 1 bath, 1‑car garage, 1‑car carport, and storage shed access; Unit B: 3 bedrooms, 1 bath, 2‑car garage, and 1‑car carport
