# 816 Michigan Avenue, Youngstown, OH 44504

> **TL;DR:** 4bd/2ba residential multi family, $165,000 ($92/sqft), built 1901, 1,785 sqft. Est. $715/mo. Listed 249 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $165,000 |
| Price/sqft | $92 |
| Bedrooms | 4 |
| Bathrooms | 2 full |
| Square Feet | 1,785 |
| Year Built | 1901 |
| Lot Size | 5,881 sqft (0.14 acres) |
| Stories | 3 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 249 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $715 |
| **Total** | **$715** |

## Property Highlights

- Built in 1901
- 0.14 acre lot
- 3 stories

## Description

### Agent 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.?

## Location

- **Address:** 816 Michigan Avenue, Youngstown, OH 44504
- **County:** Mahoning
- **Neighborhood:** City/Youngstown
- **Coordinates:** 41.111839, -80.650303
- **Google Maps:** https://www.google.com/maps?q=41.111839,-80.650303

## Listing Agent

- **Name:** Shawn Burton
- **Brokerage:** Keller Williams Chervenic Realty
- **Phone:** 3305195342
- **Email:** shawnburton@kw.com

## Primary Photo

![816 Michigan Avenue - Primary Photo](http://lh.rdcpix.com/3d60c5c2c571eb89ae6568b228ba4232l-f1990394544r.jpg)

*5 total photos available on [listing page](https://www.propertysimple.com/listing/816-michigan-avenue-youngstown-oh-44504-5159890)*

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**MLS#:** 5159890 | **Updated:** 2026-06-18
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.com/listing/816-michigan-avenue-youngstown-oh-44504-5159890)

---

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