Brick Side-by-Side
For Sale
$250,000
9931 Portage St Nw, Canal Fulton, OH 44614
Modernized interiors pair with separate driveways and covered parking for both units.
Property Size1,625 SF
Price / SF$153.85
Days on Market154
Property Features for 9931 Portage St Nw
General Information
Standard status
Active
Size
1,625 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,130
Amenities
private driveway entries
large yard
covered parking
built-in storage rooms
Building Details
Construction
brick
Listing Agency:
Keller Williams Legacy Group Realty
(330) 704-1970
Listed By:
Christian A Lamb · License #2018003730
(330) 704-1970
Source:
Exprealty
Added: Mar 30
Changed: Aug 30
Last Checked: Aug 30 at 2:03PM
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 Keller Williams Legacy Group Realty
Investment Insights
Based on property information with market context.
This brick duplex contains two side-by-side residences with a combined property size of 1625 square feet. Each unit has its own driveway entrance, while covered parking areas provide built-in storage rooms.
The interiors have been updated with a pass-through window connecting the living area and kitchen, creating a more open-feeling layout. The property is located outside Canal Fulton on the Belden Village side at 9931 Portage St Nw.
The interiors have been updated with a pass-through window connecting the living area and kitchen, creating a more open-feeling layout. The property is located outside Canal Fulton on the Belden Village side at 9931 Portage St Nw.
Key Highlights
- Brick, side‑by‑side duplex configuration
- 1625 square feet of property size
- Separate private driveway entries for each unit
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
$13,593
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
5.44%
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%
$271,860
$271.9K
Cap Rate 7%
$194,186
$194.2K
Cap Rate 9%
$151,033
$151.0K
Market Conditions
NOI Build-Up for 1,625 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
$20.1K $12.36/SF
− Vacancy
−$667 −$0.41/SF
EGI
$19.4K $11.95/SF
− OpEx
−$5.8K −$3.58/SF
NOI
$13.6K $8.36/SF
Area
Stark County, OH
Vacancy
3.32%
Lease Rate
$12.36 /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%
$271,860
Cap Rate 7%
$194,186
Cap Rate 9%
$151,033
Alternative Uses
Best Use
Multifamily LT 5
$194.2K
$169.9K – $226.6K
NOI $13,593 @ 7.0% cap · market cap 5.44%
Second Best
Apartment 5plus
$170.0K
$148.8K – $198.4K
NOI $11,902 @ 7.0% cap · market cap 4.76%
Theoretical Best
Retail
$424.3K
$371.2K – $495.0K
NOI $29,699 @ 7.0% cap · market cap 11.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
22
Businesses Nearby
Explore this area
Business Placement
Demographics for 44614, OH
12,922
Population
5,961
Households
2.2
Avg Household Size
44
Median Age
29%
College-Educated
96%
High-School Grad
22.8 sq mi
ZIP Area
567
Density / Sq Mi
$83,143
Median Household Income
$47,580
Median Earnings
$932
Median Rent
$201,700
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?
Duplex - Modernized interiors pair with separate driveways and covered parking for both units.
Where is this duplex located?
The property is located at 9931 Portage St Nw Canal Fulton, OH.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Brick, side‑by‑side duplex configuration; 1625 square feet of property size; Separate private driveway entries for each unit
