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Serena Woods 147-167 Shields Rd 18 Unit Apartment Building $1,150,000 ($63,889/Unit) Youngstown, OH 44512
Executive Summary
Exceptional Multi-Building Investment Opportunity in Boardman Schools! Don’t miss this rare chance to own three brick six-plexes—18 total units—located at 147, 157, and 167 Shields Road. These buildings offer a perfect blend of stability and upside, making them an outstanding addition to any investor’s portfolio. Each building features 4 one-bedroom, one-bath units and 2 studio apartments, providing a balanced mix of layouts that consistently attract tenants. The property is 100% occupied, reflecting its strong rental demand and it is within the Boardman School District. Recent updates include brand-new high-efficiency boilers, new flooring in the common laundry areas, and new coin-operated laundry machines, adding convenience for tenants and steady income for the owner. The complex also boasts ample parking, ensuring easy access and comfort for residents and guests alike. Located just minutes from shopping, dining, schools, and major roadways, this property offers cash flow—a true turnkey investment in a great rental market.
Property Facts
| Price | $1,150,000 | Building Class | C |
| Price Per Unit | $63,889 | Lot Size | 1.31 AC |
| Sale Type | Investment | Building Size | 27,096 SF |
| No. Units | 18 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1970 |
| Apartment Style | Low-Rise | Parking Ratio | 1.78/1,000 SF |
| Zoning | R-2 - Medium density residential area | ||
| Price | $1,150,000 |
| Price Per Unit | $63,889 |
| Sale Type | Investment |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.31 AC |
| Building Size | 27,096 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1970 |
| Parking Ratio | 1.78/1,000 SF |
| Zoning | R-2 - Medium density residential area |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Tub/Shower
- Smoke Free
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | 600 |
| 1+1 | 12 | - | 750 |
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $148,710 | |
| Land Assessment | $28,350 | Total Assessment | $177,060 |
Property Taxes
Parcel Numbers
Land Assessment
$28,350
Improvements Assessment
$148,710
Total Assessment
$177,060
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Serena Woods | 147-167 Shields Rd