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18 5th St NE 5 Unit Apartment Building $215,000 ($43,000/Unit) 13.48% Cap Rate Massillon, OH 44646

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Executive Summary

Five-unit apartment building located at 18 5th St NE in Massillon offering approximately 3,203 square feet. Current gross rents total $2,415 per month with one unit vacant, equating to $28,980 in annualized gross income at current occupancy. Rent breakdown as follows: Unit 1 Rear – $650; Unit 1AA – $520; Unit 2 – $670; Unit 3 – $575. Tenants pay electric; owner pays water, sewer, trash, gas, and lawn care. Annual real estate taxes are $2,475.46. Electric is separately metered. Unit 3 is leased on a 12-month term through 2/28/27; the remaining occupied units are month-to-month. All units have been filled with new tenants since 2024. Units 3 and 4 have been recently renovated, and Units 1AA and 1 Rear were renovated in 2024. The building furnace was replaced in 2025 and the main plumbing stack was replaced in 2024, addressing major mechanical components. Property was built in 1901 and features on-street parking. Management is in place and willing to keep managing. Rent roll along with 2024, 2025, and year-to-date P&L statements are attached in supplements. Schedule your showing today!

Data Room Click Here to Access

Financial Summary (Actual - 2025) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income - -

Financial Summary (Actual - 2025) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual -
Annual Per SF -

Property Facts

Price $215,000
Price Per Unit $43,000
Sale Type Investment
Cap Rate 13.48%
No. Units 5
Property Type Multifamily
Property Subtype Apartment
Apartment Style Single-Family Home
Building Class C
Lot Size 0.09 AC
Building Size 3,203 SF
Average Occupancy 100%
No. Stories 3
Year Built 1901
Opportunity Zone Yes

Amenities

Unit Amenities

  • Refrigerator
  • Oven

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 4 - -
1+1 1 - -
Walk Score®
Very Walkable (83)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Property Taxes

Property Taxes

Parcel Number
00605449
Land Assessment
$3,610
Improvements Assessment
$41,440
Total Assessment
$45,050
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
  • Listing ID: 39475360

  • Date on Market: 2/18/2026

  • Last Updated:

  • Address: 18 5th St NE, Massillon, OH 44646

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