816 Michigan Avenue, Youngstown, OH 44504

Youngstown
Local realty services provided by:ERA Real Solutions Realty
816 Michigan Avenue,Youngstown, OH 44504
$165,000
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  • 4 Beds
  • 2 Baths
  • 1,785 sq. ft.
  • Multi-family
  • Active
Listed by: shawn burton
Office: keller williams chervenic realty
MLS#:5159890
Source:OH_NORMLS

Price summary

  • Price:$165,000
  • Price per sq. ft.:$92.44

About this home

Welcome to 816 Michigan Avenue, a high-yield investment opportunity strategically positioned just steps from the Youngstown State University campus.? This turnkey duplex is currently operating at a 12.49% Cap Rate, offering immediate cash flow with an extraordinary "value-add" upside that could push returns to a 23.64% Pro-Forma Cap Rate.? The property utilizes a highly profitable rent-by-the-room model, with 57% of the capacity already leased at $575+ per month.? This allows a savvy investor to step into a performing asset while simultaneously capturing the remaining 43% vacancy to nearly double the Net Operating Income.? Designed for tenant retention and low-maintenance ownership, each floor features its own fully equipped kitchen and full bathroom.? The building offers shared basement laundry, ample off-street parking, and abundant storage space across the basement, garage, and attic.? Investors will benefit from exceptionally lean financials.? The owner’s monthly expenses...

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Home facts

  • Year built:1901
  • Listing ID #:5159890
  • Added:497 day(s) ago
  • Updated:June 25, 2026 at 03:07 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:2
  • Full bathrooms:2
  • Rooms Total:8
  • Basement:Yes
  • Basement Description:Common Basement
  • Living area:1,785 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Shingle
  • Year built:1901
  • Building area:1,785 sq. ft.
  • Lot area:0.13 Acres
  • Construction Materials:Vinyl Siding

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$165,000
  • Price per sq. ft.:$92.44
  • Tax amount:$915 (2024)

Parking

  • Parking description:Driveway
  • Garage:Yes
  • Garage spaces:2
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