Side-by-Side Duplex with
New
For Sale
$239,900
9708 Kennett Square NE, Bolivar, OH 44612
ResidentialIncome, Bolivar, OH
Property Size1,812 SF
Lot Size0.31 Acres
Price / SF$132.40
Days on Market7
Property Features for 9708 Kennett Square NE
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 3, Laundry Room, Bedroom 2, Bathroom 1, Bedroom 4, Bedroom 1, Bedroom 5
Parking features
Carport, Garage
Appliances
Range
Subdivision
Wilkshire Hills
Elementary school district
Tuscarawas Valley LS - 7908
Middle school district
Tuscarawas Valley LS - 7908
High school district
Tuscarawas Valley LS - 7908
Directions
From State Route 212 to Kingwood Drive NE. Turn left onto Kennet Square NE. Home is on the right.
Standard status
Active
APN
3400667000
Size
1,812 SF
Lot size
0.31 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
WHOLE 353
Tax Annual Amount
2743
Legal Description
WHOLE 353
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Wall Unit(s)
Water source
Public
Amenities
Tow-Path trail
laundry room
rear patio
privacy fence
storage shed
Building Details
Year built
1971
Floors in Building
1
Building materials
WoodSiding
Roof type
Asphalt
Listing Agency:
McInturf Realty
(330) 364-6648
Listed By:
Jan A McInturf · License #314352
(330) 343-7603
Added: Sep 15
Changed: Sep 18
Last Checked: Sep 21 at 12:06AM
MLS# 5245194
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 ranch-style duplex contains two separately arranged residences totaling 1,812 square feet. The 2-bedroom unit includes one bathroom, a laundry room, an attached 1-car garage, an attached 1-car carport, patio access, and use of a storage shed. The 3-bedroom unit also has one bathroom and a laundry room, along with an attached 2-car garage and 1-car carport. A privacy fence separates the rear patios. Both residences have electric ceiling heat and wall-mounted air-conditioning units. The property has wood siding, an asphalt roof, public water, and public sewer.
Set on 0.3145 acres in a cul-de-sac setting, the property backs to the Tow-Path trail. The duplex was built in 1971 and includes a range in the appliance package. Parking is provided through the attached garages and carports.
Set on 0.3145 acres in a cul-de-sac setting, the property backs to the Tow-Path trail. The duplex was built in 1971 and includes a range in the appliance package. Parking is provided through the attached garages and carports.
Key Highlights
- Two‑unit duplex with 1,812 square feet of total property size
- Unit mix includes 2‑bedroom and 3‑bedroom residences
- Attached parking includes a 1‑car garage and carport for Unit A, plus a 2‑car garage and carport for Unit B
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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Open Analytics
Current Use
Lease Details
2
Residential units
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Ranch-style duplex with separate entrances, private outdoor areas, attached parking, and individual laundry rooms.
Where is this duplex located?
The property is located at 9708 Kennett Square 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: Two‑unit duplex with 1,812 square feet of total property size; Unit mix includes 2‑bedroom and 3‑bedroom residences; Attached parking includes a 1‑car garage and carport for Unit A, plus a 2‑car garage and carport for Unit B
