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    422 W Maple St Hartville, OH 44632

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    Sponsored
    For Sale
    Pending
    Contact for pricing

    MULTI_FAMILY - Hartville, OH

    Lot size:
    0.18 Acres
    Days on Market:
    44
    Last Refresh:
    Mar 6 at 6:06 pm

    Property Features for 422 W Maple St

    General Information

    Special listing conditions
    Auction
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Auction
    Standard status
    Pending
    Rooms
    Bedroom 1, Basement, Bathroom 2, Bathroom 1, Bedroom 2
    Bedrooms
    2
    Bathrooms
    2
    APN
    02300158
    Parking features
    Garage
    Lot size
    0.18 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Window Unit(s)
    Water source
    Well

    Building Details

    Year built
    1916
    Floors in Building
    2
    Building materials
    VinylSiding
    Roof type
    Asphalt

    We can help!

    Listing Contact
    Jeff R Kiko

    richard t. kiko agency, inc. (330) 343-7355

    Listing agent Jeff R Kiko (330) 206-1079 License #2002002033

    Listing date Jan 22, 2026

    MLS# 5179179 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Hartville Investment Property Auction

    This investment property, zoned R2, is located in Hartville Village, Lake Township, within the Lake Local School District. The property is offered as an absolute auction, selling to the highest bidder. Online bidding commences on Monday, January 19, 2026, at 12:00 PM, with live on-site bidding beginning on Thursday, January 22, 2026, at 12:00 PM. The property, identified as Stark County parcel #2300158, presents a great investment opportunity. The main level features a living room, kitchen, one bedroom, and a full bath. The lower-level basement includes a two-car garage and was previously configured as a one-bedroom apartment with a full bath. Constructed in 1916, the home is connected to public sewer and has separate gas meters. The property uses a private water well. Real estate half-year taxes are approximately $727. The property, situated on a lot of 0.1756 acres, has been vacant for approximately three years, and all contents within the home will transfer with the sale. The property is located close to Lake Elementary and Hartville shopping. Inspections are available on auction day, starting at 10:30 AM.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hartville
    County
    Stark
    State
    Ohio
    Longitude
    -81.336633
    Latitude
    40.965353

    Nearby Similar for Sale

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      $429,900
      1,100 SF

      Hartville Mixed-Use Commercial Opportunity

      Versatile property with office, warehouse, and residential potential.
      13390 Ravenna Ave NE, Hartville, OH 44632
      View Details
    • Contact for pricing

      Hartville Flex Building with Bays

      3,800 SF flex building with showroom and warehouse bays.
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      View Details

    FAQs

    What type of property is this?
    Single family property - One or two-family home in Hartville, Ohio, selling at auction.
    Where is this single family property located?
    The property is located at 422 W Maple St Hartville, OH.
    What are key features of this property?
    This property features: - Investment property zoned R2, allowing for one or two-family use.; - Absolute auction, selling to the highest bidder.; - **Potential for rental income with a lower-level apartment setup (1-bedroom, 1-bath, 2-car garage).**
    (330) 206-1079
    Request Owner's contact information
    422 W Maple St Hartville, OH 44632
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    Hartville, OH 44632
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    422 W Maple St Hartville, OH 44632
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    We can help!
    Listing Contact
    Jeff R Kiko
    Real Estate License ID: 2002002033
    (330) 206-1079 (330) 453-9187 (330) 343-7355
    Learn more
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