Four-Unit Quadplex with
For Sale
$225,000
1302 Fulton Road NW, Canton, OH 44703
ResidentialIncome, Canton, OH
Property Size2,791 SF
Lot Size0.20 Acres
Price / SF$80.62
Days on Market86
Property Features for 1302 Fulton Road NW
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 6, Basement, Laundry Room, Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 5, Bathroom 3, Bathroom 4
Parking features
Parking Lot
Subdivision
Canton
Elementary school district
Canton CSD - 7602
Middle school district
Canton CSD - 7602
High school district
Canton CSD - 7602
Directions
Parking on Niles behind building
Standard status
Active
APN
00237243
Size
2,791 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
9477 WH
Tax Annual Amount
3550
Legal Description
9477 WH
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Radiant, Steam
Cooling system
Window Unit(s)
Water source
Public
Amenities
basement laundry
basement storage
fenced yard
window cooling units
Building Details
Year built
1909
Floors in Building
2
Building materials
Stucco
Roof type
Fiberglass, Asphalt
Listing Agency:
Keller Williams Legacy Group Realty · Keller Williams Realty
(330) 433-6005
Listed By:
Jose Medina · License #2002013465
(330) 595-9811
Added: Jun 2
Changed: Aug 20
Last Checked: Aug 26 at 8:06PM
MLS# 5214594
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.
Investment Insights
Based on property information with market context.
Built in 1909, this 2,791-square-foot quadplex contains four units with a combined six bedrooms and four full bathrooms. The layouts include one- and two-bedroom units, with each residence featuring living space, a kitchen, bedroom areas, and a full bath. One unit has a renovated kitchen with newer cabinetry, counters, paint, and included appliances. Basement amenities include laundry and unfinished storage space.
The property sits on 0.1975 acres at 1302 Fulton Road NW in Canton, Ohio, with rear parking reached from Niles. Building features include stucco construction, an asphalt and fiberglass roof, a fully fenced yard, public water and sewer, hot water and steam radiant heating, and window cooling units. Improvements include four hot water tanks, a gas line, separate 100-amp electrical panels, and select newer windows. The building is fully occupied with tenants in place.
The property sits on 0.1975 acres at 1302 Fulton Road NW in Canton, Ohio, with rear parking reached from Niles. Building features include stucco construction, an asphalt and fiberglass roof, a fully fenced yard, public water and sewer, hot water and steam radiant heating, and window cooling units. Improvements include four hot water tanks, a gas line, separate 100-amp electrical panels, and select newer windows. The building is fully occupied with tenants in place.
Key Highlights
- Four‑unit quadplex with 6 bedrooms and 4 full baths
- 2,791 square feet on a 0.1975‑acre lot
- Mixed one- and two‑bedroom unit layouts
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,442
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.09%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$408,840
$408.8K
Cap Rate 7%
$292,029
$292.0K
Cap Rate 9%
$227,133
$227.1K
Market Conditions
NOI Build-Up for 2,791 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$38.5K $13.80/SF
− Vacancy
−$1.3K −$0.48/SF
EGI
$37.2K $13.32/SF
− OpEx
−$16.7K −$5.99/SF
NOI
$20.4K $7.32/SF
Area
Stark County, OH
Vacancy
3.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$408,840
Cap Rate 7%
$292,029
Cap Rate 9%
$227,133
Alternative Uses
Best Use
Multifamily LT 5
$333.5K
$291.8K – $389.1K
NOI $23,346 @ 7.0% cap · market cap 10.38%
Second Best
Apartment 5plus
$292.0K
$255.5K – $340.7K
NOI $20,442 @ 7.0% cap · market cap 9.09%
Theoretical Best
Retail
$728.7K
$637.6K – $850.2K
NOI $51,009 @ 7.0% cap · market cap 22.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
727
Businesses Nearby
Explore this area
Business Placement
Demographics for 44703, OH
8,015
Population
4,600
Households
1.7
Avg Household Size
35
Median Age
14%
College-Educated
83%
High-School Grad
1.1 sq mi
ZIP Area
7,286
Density / Sq Mi
$31,950
Median Household Income
$27,925
Median Earnings
$838
Median Rent
$78,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied multifamily property with mixed one- and two-bedroom layouts, basement laundry, and rear parking access.
Where is this quadplex located?
The property is located at 1302 Fulton Road NW Canton, OH.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Four‑unit quadplex with 6 bedrooms and 4 full baths; 2,791 square feet on a 0.1975‑acre lot; Mixed one- and two‑bedroom unit layouts
