Two Duplex Residential Income
623 11th Drive NW New Philadelphia, OH 44663
For Sale
$589,900
MULTI_FAMILY - New Philadelphia, OH
Property Size3,840 SF
Lot Size0.34 Acres
Price / SF$153.62
Days on Market113
Property Features for 623 11th Drive NW
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
8
Bathrooms
4
Rooms
Bedroom 2, Bathroom 4, Bedroom 4, Bedroom 3, Bathroom 3, Laundry Room, Bedroom 1, Bedroom 7, Bedroom 8, Bedroom 6, Bathroom 2, Basement, Bedroom 5, Bathroom 1
Parking features
Open, Parking Lot, Garage
Interior features
OpenFloorplan
Appliances
Microwave, Range, Refrigerator
Standard status
Active
APN
4304857002
Size
3,840 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
W PR 1248 SE PR 1249 .175A (TRACT 3)
Tax Annual Amount
5957
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
2018
Floors in Building
1
Building materials
VinylSiding
Roof type
Fiberglass, Asphalt
Listing Agency:
RE/MAX Crossroads Properties
(330) 308-9278
Listed By:
Vera (Jane) Sulzener · License #374743
(330) 260-8855
Added: Apr 8
Changed: Jul 28
Last Checked: Jul 29 at 6:06AM
MLS# 5200029
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 property consists of two duplexes totaling four residential units, built in 2018. Each unit features an open-concept one-story layout with two bedrooms, first-floor laundry, and an attached one-car garage. The units also have full unfinished basements, providing additional space for storage or future finishing. The design includes separate utilities per unit and no shared walls with the neighboring unit.
The property is located at 623 11th Drive NW in New Philadelphia, Ohio (44663). The lot size is 0.34 acres and the total property size is 3,840 square feet.
From an ownership standpoint, the unit-by-unit utility setup can support straightforward tenant billing, with tenants responsible for their own utilities. The provided owner cost note indicates MWCD of $4.00 yearly, and the owner pays water in two of the units only. With a relatively recent build and functional unit amenities such as attached garages and in-unit laundry, this offering is suited for investors or buyers looking for a four-unit residential income property.
The property is located at 623 11th Drive NW in New Philadelphia, Ohio (44663). The lot size is 0.34 acres and the total property size is 3,840 square feet.
From an ownership standpoint, the unit-by-unit utility setup can support straightforward tenant billing, with tenants responsible for their own utilities. The provided owner cost note indicates MWCD of $4.00 yearly, and the owner pays water in two of the units only. With a relatively recent build and functional unit amenities such as attached garages and in-unit laundry, this offering is suited for investors or buyers looking for a four-unit residential income property.
Key Highlights
- Two duplexes offering 4 units; built in 2018.
- Each unit has separate utilities and no shared walls with the neighboring unit.
- One‑story open concept units with 2 bedrooms each and first‑floor laundry.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.8k | $12.72 |
| − Vacancy | −$3.5k | −$0.91 |
| EGI | $45.4k | $11.81 |
| − OpEx | −$13.6k | −$3.54 |
| NOI | $31.8k | $8.27 |
3,840 SF · lease $12.72/SF/yr · vacancy 7.12% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$453.7K
$397.0K – $529.3K
NOI $31,757 @ 7.0% cap · market cap 5.38%
Second Best
Apartment 5plus
$401.9K
$351.7K – $468.9K
NOI $28,132 @ 7.0% cap · market cap 4.77%
Theoretical Best
Office A
$715.6K
$626.1K – $834.9K
NOI $50,091 @ 7.0% cap · market cap 8.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Built in 2018 and configured for separate utilities across four units with attached garages and basements.
Where is this quadplex located?
The property is located at 623 11th Drive NW New Philadelphia, OH.
What is the asking price?
The asking price for this property is $589,900.
What are key features of this property?
This property features: Two duplexes offering 4 units; built in 2018.; Each unit has separate utilities and no shared walls with the neighboring unit.; One‑story open concept units with 2 bedrooms each and first‑floor laundry.
