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816 Michigan Avenue

Youngstown, OH 44504

$165,000 $695/Mo

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Overview

Bed

Bath

1,785

Sqft

0.14

Acre(Lot)

Description

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 average just $583, covering all utilities, high-speed internet, and lawn care, while maintaining a built-in $150 monthly reserve for repairs.? Furthermore, major capital expenditures are already managed: the roof is less than five years old and the furnaces are under ten years old, ensuring minimal deferred maintenance for years to come.? Located in a high-demand rental pocket, 816 Michigan offers unparalleled accessibility.? With the YSU Penguin Shuttle stopping directly in front of the building and Wick Park just a short stroll away, this property is perfectly positioned to remain a cornerstone of a profitable portfolio.?

Property Details

Property Type : Residential Income

Price : $165,000

AD Id : 67149754

MLS Id : 5159890

Beds : 4

Lot Size : 0.14 Acre

Living Area Size : 1,785

Year Built : 1901

Garage : 2

County : Mahoning

Subdivision: Cape Charles

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 4

Bathroom Information

Total Baths: 2 Full Baths: 2

Room Information

Rooms Total: 8 Has Basement: Yes
Roofing Information

Shingle
Interior Features

Roof: Shingle
Heating & Cooling

Has Heating: Yes Heating: Forced Air Cooling: None

Building Information

Year Built: 1901 Construction Materials: Vinyl Siding Private Pool: No

Lot Information

Main Square Feet: 0.135 Acres Lot Size Acres: 0.135 Lot Size Source: Assessor

Property Information

Subdivision: City/Youngstown Source Property Type: Residential Income Property SubType: Duplex Levels: Three Or More Property Age: 125

Listing Price Information

Listing Price: $165000 Original Price: $207000

Tax Information

Parcel Number: 53-005-0-278.00-0 Tax Year: 2024 Annual Tax: $915.2 Tax Legal Desc: LOT 4888 50 X 150 MICHIGAN

Parking Information

Driveway

Garage Information

Has Garage: Yes Garage Space: 2

Location Information

Direction: Fifth ave to Michigan ave WaterSource: Public

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
1447-1449 Ohio Avenue, Youngstown, OH, 44504	$165,000	8	4	4,844	4,844 SqFt
1457-1501 Ohio Avenue, Youngstown, OH, 44504	$130,000	10	3	2,880	2,880 SqFt
252 Broadway Avenue, Youngstown, OH, 44504	$249,900	4	4	--
826 Michigan Avenue, Youngstown, OH, 44504	$210,000	7	2	--
832 Michigan Avenue, Youngstown, OH, 44504	$337,450	8	4	3,600	3,600 SqFt
836 Michigan Avenue, Youngstown, OH, 44504	$337,450	8	4	3,600	3,600 SqFt
587 Tod Lane, Youngstown, OH, 44504	$240,000	6	4	3,918	3,918 SqFt

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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MLS Now. Real estate listings are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed.

ByOwner last updated this listing 06/18/2026 @ 06:53

MLS: 5159890 LISTED BY: Shawn Burton, Keller Williams Chervenic Realty 330-967-4300 SOURCE: MLS Now