All-Brick Duplex with
New
For Sale
$250,000
2007 31st Street NW, Canton, OH 44709
MULTI_FAMILY - Canton, OH
Property Size2,105 SF
Lot Size0.17 Acres
Price / SF$118.76
Days on Market4
Property Features for 2007 31st Street NW
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Half bathrooms
1
Rooms
Bedroom 3, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 4, Laundry Room, Bedroom 1, Bedroom 2, Basement
Parking features
Garage, Open, Driveway
Fireplace
1
Appliances
Range, Refrigerator
Subdivision
Canton
Lot features
Landscaped
Elementary school district
Plain LSD - 7615
Middle school district
Plain LSD - 7615
High school district
Plain LSD - 7615
Directions
Between Harrison Ave NW and Cleveland Ave NW.
Standard status
Active
APN
00300614
Size
2,105 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
36286 WH
Tax Annual Amount
1468
Legal Description
36286 WH
Utilities
Sewer type
Public Sewer
Heating system
Fireplace(s), Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1940
Floors in Building
2
Building materials
Brick
Roof type
Asphalt, Fiberglass
Listing Agency:
Berkshire Hathaway HomeServices Stouffer Realty
(330) 835-4900
Listed By:
Sarah Halsey · License #2015000660
(330) 268-0102
Added: Aug 3
Changed: Aug 5
Last Checked: Aug 6 at 11:06PM
MLS# 5233305
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 1940, this 2,105-square-foot duplex offers two residential units within an all-brick structure. Each side includes a living room, dining area, kitchen, two bedrooms, and a full bathroom; the unit identified as 2007 also includes a half bathroom. Interior improvements include new windows installed in 2025, vinyl flooring added to both bathrooms and the shared area in 2023, and new carpet from 2023. The 2007 unit also received a resurfaced tub in 2026 and a hot water tank in 2023. A detached two-car garage, driveway, and open parking provide off-street parking options.
The property sits on 0.1664 acres at 2007 31st Street NW in Canton, Ohio, within ZIP code 44709. Public water and sewer serve the property. Heating is provided by forced air and natural gas, with central air conditioning and fireplaces also present. Asphalt and fiberglass roofing cover the structure.
The property sits on 0.1664 acres at 2007 31st Street NW in Canton, Ohio, within ZIP code 44709. Public water and sewer serve the property. Heating is provided by forced air and natural gas, with central air conditioning and fireplaces also present. Asphalt and fiberglass roofing cover the structure.
Key Highlights
- 2,105‑square‑foot duplex on a 0.1664‑acre lot
- All‑brick construction with detached two‑car garage
- Two units with two bedrooms, kitchen, dining area, living room, and full bathroom each
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
$17,608
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
7.04%
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%
$352,160
$352.2K
Cap Rate 7%
$251,543
$251.5K
Cap Rate 9%
$195,644
$195.6K
Market Conditions
NOI Build-Up for 2,105 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
$26.0K $12.36/SF
− Vacancy
−$864 −$0.41/SF
EGI
$25.2K $11.95/SF
− OpEx
−$7.5K −$3.58/SF
NOI
$17.6K $8.36/SF
Area
Stark County, OH
Vacancy
3.32%
Lease Rate
$12.36 /SF/Yr
Expense Ratio
30.00%
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%
$352,160
Cap Rate 7%
$251,543
Cap Rate 9%
$195,644
Alternative Uses
Best Use
Multifamily LT 5
$251.5K
$220.1K – $293.5K
NOI $17,608 @ 7.0% cap · market cap 7.04%
Second Best
Apartment 5plus
$220.3K
$192.7K – $257.0K
NOI $15,418 @ 7.0% cap · market cap 6.17%
Theoretical Best
Retail
$549.6K
$480.9K – $641.2K
NOI $38,472 @ 7.0% cap · market cap 15.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
288
Businesses Nearby
Explore this area
Business Placement
Demographics for 44709, OH
18,509
Population
9,218
Households
2
Avg Household Size
42
Median Age
28%
College-Educated
95%
High-School Grad
5.8 sq mi
ZIP Area
3,191
Density / Sq Mi
$53,144
Median Household Income
$34,941
Median Earnings
$818
Median Rent
$149,400
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?
Duplex - Maintained two-unit residence with spacious layouts, updated finishes, and a detached two-car garage.
Where is this duplex located?
The property is located at 2007 31st Street NW Canton, OH.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 2,105‑square‑foot duplex on a 0.1664‑acre lot; All‑brick construction with detached two‑car garage; Two units with two bedrooms, kitchen, dining area, living room, and full bathroom each
