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    1524 State St Steubenville, OH 43952

    • Small apartment buildings
    For Sale
    View listing
    $15,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-3470924
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Small apartment buildings

    Property Details for 1524 State St

    Year built
    1920
    Property type
    Small apartment buildings

    Description

    This charming 1920s two-unit apartment building located at 1524 State Street in Steubenville, Ohio, presents a unique investment opportunity for savvy buyers. Situated on a 1,742.4 square foot lot, this property is priced at $15,000, translating to $9.83 per square foot. The building requires completion of an existing remodel. This presents multiple exit strategies for the investor, including finishing the renovations and then either selling the property, renting out both units for rental income, or occupying one unit while renting the other. The property is being sold "as is," allowing for flexibility in the renovation process and ultimate use. The address is 1524 State Street, Steubenville, OH 43952. This property is a multifamily building, specifically classified as a duplex/triplex/quadruplex. The building's age and location offer a blend of character and potential for significant return on investment. The property is ready for an investor to add their personal touch and realize the full potential of this promising investment. This is a fantastic opportunity for those seeking a hands-on project with multiple potential outcomes.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Steubenville
    County
    Jefferson
    State
    Ohio
    Longitude
    -80.6292879
    Latitude
    40.3614238

    Comparable in this City

    • $67,000

      State Street Duplex Investment

      Ohio Duplex, 2 Units, $67k
      1105 State St, Steubenville, OH 43952
      View Details
    • $106,000
      0.07 Acres

      Remodeled Duplex on Corner Lot

      Remodeled Steubenville duplex, ideal for investors or owner-occupiers.
      600 Garrett Ave, Steubenville, OH 43952
      View Details
    • Contact for pricing
      0.10 Acres

      Duplex Fixer-Upper in Steubenville

      Duplex in Steubenville, OH: Ideal for investors or owner-occupants.
      1055 Wilson Ave, Steubenville, OH 43952
      View Details
    • $90,000
      0.07 Acres

      Steubenville Duplex For Sale

      Duplex in Steubenville, priced for quick sale.
      1242 Ridge Ave, Steubenville, OH 43952
      View Details
    • $179,000
      7,584 SF

      Downtown Steubenville Mixed-Use Property

      Prime Location, High-Potential Investment
      156-160 4Th St, Steubenville, OH 43952
      View Details

    Similar Nearby for Sale

    • $67,000

      State Street Duplex Investment

      Ohio Duplex, 2 Units, $67k
      1105 State St, Steubenville, OH 43952
      View Details
    • $106,000
      0.07 Acres

      Remodeled Duplex on Corner Lot

      Remodeled Steubenville duplex, ideal for investors or owner-occupiers.
      600 Garrett Ave, Steubenville, OH 43952
      View Details
    • Contact for pricing
      0.10 Acres

      Duplex Fixer-Upper in Steubenville

      Duplex in Steubenville, OH: Ideal for investors or owner-occupants.
      1055 Wilson Ave, Steubenville, OH 43952
      View Details
    • $90,000
      0.07 Acres

      Steubenville Duplex For Sale

      Duplex in Steubenville, priced for quick sale.
      1242 Ridge Ave, Steubenville, OH 43952
      View Details
    • $179,000
      7,584 SF

      Downtown Steubenville Mixed-Use Property

      Prime Location, High-Potential Investment
      156-160 4Th St, Steubenville, OH 43952
      View Details

    Similar Nearby for Lease

    • $1,300 /Mo

      Spacious Home with Large Back Deck

      Three-bedroom home featuring a large back deck and unfinished basement.
      703 Jeanette Ave, Steubenville, OH 43952
      View Details
    • Contact for pricing
      6,889 SF

      Retail Space in Steubenville, OH

      Retail space available for lease in Steubenville, Ohio.
      201 N 7Th St, Steubenville, OH 43952
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      80,408 SF

      Prime Steubenville Warehouse Space

      80,408 SF Warehouse, 28,823 SF Available
      4495 Mall Dr, Steubenville, OH 43952
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    • $900 /Mo
      7,841 SF

      Efficient Commercial Space on Sunset

      All-inclusive lease perfect for retail or office use.
      2402 Sunset Blvd, Steubenville, OH 43952
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    • $1,500 /Mo
      9,583 SF

      Steubenville Office Opportunity on Sunset

      Office space with high traffic exposure, suitable for professional users.
      2017 Sunset Blvd, Steubenville, OH 43952
      View Details
    • Contact for pricing

      Sunset Blvd Land Opportunity

      Land available on Sunset Blvd in Steubenville, OH.
      4419-4429 Sunset Blvd, Steubenville, OH 43952
      View Details
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    1524 State St
    Steubenville, OH 43952
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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