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Canton Rental Portfolio 4 Specialty Properties Offered at $420,000 in Canton, OH
Investment Highlights
- $4,100 in scheduled monthly rent / $49,200 annual gross rent
- Two Dueber Avenue assets are located next to one another, supporting efficient management and maintenance routing
- Mix of R1A and R2 zoning across four established Canton residential assets
- Approximately 9.5% calculated portfolio cap rate before debt service, based on the supplied rent and expense schedule
- Three individual marketing summaries report 100% occupancy; the supplied rent schedule also includes income for 3204 14th St SW
Executive Summary
This four-property single-family rental portfolio presents an opportunity to acquire a stabilized residential income-producing asset base within Canton, Ohio. The offering includes 1215 Dueber Ave SW, 1219 Dueber Ave SW, 2309 43rd St NW, and 3204 14th St SW, providing immediate rental income from four detached residential homes positioned across established Canton neighborhoods.
The portfolio generates $4,100 in scheduled monthly rent, equating to $49,200 in annual gross rental income. Two of the assets are located adjacent to one another on Dueber Avenue, creating potential management and maintenance efficiencies through geographic concentration. The mix of R1A and R2 zoning provides a diversified residential asset profile while maintaining operational simplicity associated with single-family rentals.
The properties were constructed between 1917 and 1951 and collectively contain 4,768 square feet of residential improvements. Individual indicated pricing ranges from $90,000 to $130,000, with a combined portfolio asking price of $420,000. Based on the operating information provided, the portfolio reflects an estimated annual net operating income of $39,889 and an indicated portfolio capitalization rate of approximately 9.5%.
Canton serves as the county seat of Stark County and benefits from regional connectivity via Interstate 77, U.S. Route 30, and access to employment, healthcare, retail, and educational institutions throughout the greater Canton market. The portfolio's distribution across established residential neighborhoods supports tenant demand drivers associated with local employment centers, services, and community amenities.
The portfolio generates $4,100 in scheduled monthly rent, equating to $49,200 in annual gross rental income. Two of the assets are located adjacent to one another on Dueber Avenue, creating potential management and maintenance efficiencies through geographic concentration. The mix of R1A and R2 zoning provides a diversified residential asset profile while maintaining operational simplicity associated with single-family rentals.
The properties were constructed between 1917 and 1951 and collectively contain 4,768 square feet of residential improvements. Individual indicated pricing ranges from $90,000 to $130,000, with a combined portfolio asking price of $420,000. Based on the operating information provided, the portfolio reflects an estimated annual net operating income of $39,889 and an indicated portfolio capitalization rate of approximately 9.5%.
Canton serves as the county seat of Stark County and benefits from regional connectivity via Interstate 77, U.S. Route 30, and access to employment, healthcare, retail, and educational institutions throughout the greater Canton market. The portfolio's distribution across established residential neighborhoods supports tenant demand drivers associated with local employment centers, services, and community amenities.
Property Facts
| Price | $420,000 | Number of Properties | 4 |
| Price / SF | $88.09 / SF | Individually For Sale | 4 |
| Cap Rate | 9.50% | Total Building Size | 4,768 SF |
| Sale Type | Investment | Total Land Area | 0.28 AC |
| Status | Active |
| Price | $420,000 |
| Price / SF | $88.09 / SF |
| Cap Rate | 9.50% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 4 |
| Total Building Size | 4,768 SF |
| Total Land Area | 0.28 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 3204 14th St SW, Canton, OH 44710 | Specialty | 1,284 SF | 1920 | $100,000 |
| 1215 Dueber Ave SW, Canton, OH 44706 | Specialty | 1,252 SF | 1917 | $90,000 |
| 1219 Dueber Ave SW, Canton, OH 44706 | Specialty | 1,152 SF | 1917 | $100,000 |
| 2309 43rd St NW, Canton, OH 44709 | Specialty | 1,080 SF | 1951 | $130,000 |
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Canton Rental Portfolio