Three-Unit Multifamily
For Sale
$309,900
Pending
4839 Arlington Road, North Canton, OH 44720
ResidentialIncome, North Canton, OH
Property Size3,784 SF
Lot Size1.10 Acres
Days on Market51
Property Features for 4839 Arlington Road
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
9
Bathrooms
6
Full bathrooms
6
Half bathrooms
3
Rooms
Bedroom 2, Laundry Room, Bathroom 3, Bedroom 1, Bedroom 3, Bedroom 8, Bathroom 4, Bedroom 9, Bathroom 6, Bedroom 7, Bathroom 2, Bathroom 1, Basement, Bathroom 5, Bedroom 5, Bedroom 6, Bedroom 4
Parking features
Paved or Surfaced
Exterior features
RainGutters
Fireplace
1
Lot features
Wooded
Elementary school district
Green LSD (Summit)- 7707
Middle school district
Green LSD (Summit)- 7707
High school district
Green LSD (Summit)- 7707
Directions
From Greensburg Rd. Turn left on onto E. Nimisila Rd. Turn right onto S. Arlington rd. Destination will be on the right.
Standard status
Pending
APN
2808290
Size
3,784 SF
Lot size
1.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
TR 21 LOT SW E OF ARLINGTON RD 125 FT FRT
Tax Annual Amount
6960
Legal Description
TR 21 LOT SW E OF ARLINGTON RD 125 FT FRT
Utilities
Sewer type
Septic Tank
Heating system
Baseboard, Fireplace(s), Electric (Heating)
Cooling system
Window Unit(s)
Water source
Well
Amenities
private in-unit laundry
fireplace
basement access
private patio
Building Details
Year built
1979
Floors in Building
2
Building materials
Brick, VinylSiding
Roof type
Fiberglass
Listing Agency:
Tarter Realty
Listed By:
Shirley Ryan · License #2008001912
(330) 221-3585
Added: Jul 31
Changed: Sep 12
Last Checked: Sep 19 at 1:06AM
MLS# 5232047
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.
This 3,784-square-foot triplex on 1.1048 acres contains three units, each with 3 bedrooms, 1.5 baths, private in-unit laundry, a 1-car garage, and a small patio. Unit C also includes a fireplace and private basement access. The property was built in 1979 and combines brick and vinyl siding with a fiberglass roof, paved parking, electric baseboard heat, and window-unit cooling.
The property is located at 4839 Arlington Road in North Canton, within the Green Local School District. Water is supplied by a well, and wastewater is handled by a commercial-grade septic system installed in 2025. The roof was replaced in 2020. Exterior features include rain gutters, while the interiors provide a consistent three-bedroom, 1.5-bath configuration across all units.
The property is located at 4839 Arlington Road in North Canton, within the Green Local School District. Water is supplied by a well, and wastewater is handled by a commercial-grade septic system installed in 2025. The roof was replaced in 2020. Exterior features include rain gutters, while the interiors provide a consistent three-bedroom, 1.5-bath configuration across all units.
Key Highlights
- Three‑unit property totaling 3784 square feet on 1.1048 acres
- Each unit includes 3 bedrooms, 1.5 baths, private laundry, a 1‑car garage, and a patio
- Unit C offers a fireplace and exclusive basement access
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
$27,715
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
8.94%
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%
$554,300
$554.3K
Cap Rate 7%
$395,929
$395.9K
Cap Rate 9%
$307,944
$307.9K
Market Conditions
NOI Build-Up for 3,784 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
$52.2K $13.80/SF
− Vacancy
−$1.8K −$0.48/SF
EGI
$50.4K $13.32/SF
− OpEx
−$22.7K −$5.99/SF
NOI
$27.7K $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%
$554,300
Cap Rate 7%
$395,929
Cap Rate 9%
$307,944
Alternative Uses
Best Use
Multifamily LT 5
$452.2K
$395.7K – $527.5K
NOI $31,652 @ 7.0% cap · market cap 10.21%
Second Best
Apartment 5plus
$395.9K
$346.4K – $461.9K
NOI $27,715 @ 7.0% cap · market cap 8.94%
Theoretical Best
Retail
$988.0K
$864.5K – $1.15M
NOI $69,158 @ 7.0% cap · market cap 22.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
Explore this area
Business Placement
Demographics for 44720, OH
40,744
Population
17,988
Households
2.3
Avg Household Size
43
Median Age
42%
College-Educated
97%
High-School Grad
34.3 sq mi
ZIP Area
1,188
Density / Sq Mi
$81,045
Median Household Income
$46,587
Median Earnings
$977
Median Rent
$233,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-bedroom units include private laundry, individual garages, and private patio areas.
Where is this triplex located?
The property is located at 4839 Arlington Road North Canton, OH.
What is the asking price?
The asking price for this property is $309,900.
What are key features of this property?
This property features: Three‑unit property totaling 3784 square feet on 1.1048 acres; Each unit includes 3 bedrooms, 1.5 baths, private laundry, a 1‑car garage, and a patio; Unit C offers a fireplace and exclusive basement access
