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246 5th St NW 7 Unit Apartment Building $474,900 ($67,843/Unit) 11% Cap Rate Barberton, OH 44203
Investment Highlights
- 7 unit apartment building
Executive Summary
Updated 7-unit apartment building near Lake Anna in Barberton. The building consists of 7 (1) bedroom / (1) bathroom units with uncovered parking lot to the side of the building. All 7 units have been renovated. Each unit is separately metered for gas/electric. Tenants pay gas and electric. Beautifully decorated kitchens, bath fixtures, newer flooring, fresh paint and appliances throughout. All newer windows. Property is located at the corner of 5th Street and Lake Anna Court. which is walking distance to Lake Anna. Unit Rents: 1) $850, 2) $755, 3) $825 vacant, 4) $885, 5) $850 vacant, 6) $755, 7) $775. Monthly gross rent potential $5,695. Still room for rent increases. Current rents below market rents. Owner left the two units vacant for sale purposes. Call agent for all questions.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$68,340
|
$21.44
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$68,340
|
$21.44
|
| Taxes |
$6,602
|
$2.07
|
| Operating Expenses |
$9,520
|
$2.99
|
| Total Expenses |
$16,122
|
$5.06
|
| Net Operating Income |
$52,218
|
$16.38
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $68,340 |
| Annual Per SF | $21.44 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $68,340 |
| Annual Per SF | $21.44 |
| Taxes | |
|---|---|
| Annual | $6,602 |
| Annual Per SF | $2.07 |
| Operating Expenses | |
|---|---|
| Annual | $9,520 |
| Annual Per SF | $2.99 |
| Total Expenses | |
|---|---|
| Annual | $16,122 |
| Annual Per SF | $5.06 |
| Net Operating Income | |
|---|---|
| Annual | $52,218 |
| Annual Per SF | $16.38 |
Property Facts
| Price | $474,900 | Apartment Style | Low-Rise |
| Price Per Unit | $67,843 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 11% | Building Size | 3,187 SF |
| No. Units | 7 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $474,900 |
| Price Per Unit | $67,843 |
| Sale Type | Investment |
| Cap Rate | 11% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 3,187 SF |
| No. Stories | 3 |
| Year Built | 1900 |
| Opportunity Zone |
Yes |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Refrigerator
- Oven
- Range
- Freezer
Site Amenities
- 24 Hour Access
- Picnic Area
- Recycling
- Walk-Up
- Smoke Detector
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 01-10960 | Total Assessment | $53,568 (2026) |
| Land Assessment | $2,205 (2026) | Annual Taxes | $6,602 ($2.07/SF) |
| Improvements Assessment | $51,363 (2026) | Tax Year | 2025 Payable 2025 |
Property Taxes
Parcel Number
01-10960
Land Assessment
$2,205 (2026)
Improvements Assessment
$51,363 (2026)
Total Assessment
$53,568 (2026)
Annual Taxes
$6,602 ($2.07/SF)
Tax Year
2025 Payable 2025
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246 5th St NW
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