Duplex with Central
For Sale
$260,000
Pending
6640 Palmer Drive NW, Canton, OH 44718
MULTI_FAMILY - Canton, OH
Property Size1,782 SF
Lot Size0.34 Acres
Days on Market19
Property Features for 6640 Palmer Drive NW
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 3, Laundry Room, Bathroom 2, Bathroom 1, Basement, Bedroom 4, Bedroom 1
Parking features
Garage, Driveway
Subdivision
Terrace View Estates
Elementary school district
Jackson LSD - 7605
Middle school district
Jackson LSD - 7605
High school district
Jackson LSD - 7605
Directions
Portage to palmer
Standard status
Pending
APN
01607885
Size
1,782 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
18 WH TERRACE VIEW EST #2
Tax Annual Amount
3225
Legal Description
18 WH TERRACE VIEW EST #2
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Well
Amenities
central air conditioning
Building Details
Year built
1974
Floors in Building
2
Building materials
Brick, Block
Roof type
Asphalt
Listing Agency:
Keller Williams Legacy Group Realty · Keller Williams Realty
(330) 433-6005
Listed By:
Jamie M Kelley · License #2015000807
(330) 316-9626
Added: Jul 14
Changed: Aug 1
Last Checked: Aug 1 at 11:06AM
MLS# 5227404
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.
6640 Palmer Drive NW is a maintained duplex built in 1974, constructed with brick and block and roofed with asphalt. The property offers two units, and each unit includes two bedrooms and one full bathroom. Heating is natural gas forced air, and central air provides year-round comfort.
Utility responsibilities are split by unit: tenants are responsible for their own gas, electric, and water, while the seller currently pays the sewer bill. Water is supplied by a well and sewer service is public sewer. Parking includes a garage and driveway.
This duplex is set up for straightforward occupancy with functional room layouts, including basements and a laundry room. Its configuration supports both owner-occupant living and rental use, depending on how you plan to occupy the two units.
Utility responsibilities are split by unit: tenants are responsible for their own gas, electric, and water, while the seller currently pays the sewer bill. Water is supplied by a well and sewer service is public sewer. Parking includes a garage and driveway.
This duplex is set up for straightforward occupancy with functional room layouts, including basements and a laundry room. Its configuration supports both owner-occupant living and rental use, depending on how you plan to occupy the two units.
Key Highlights
- Duplex built in 1974 with brick and block construction
- Two units, each with two bedrooms and one full bathroom
- Central air plus natural gas forced‑air heat
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 | $22.0k | $12.36 |
| − Vacancy | −$731 | −$0.41 |
| EGI | $21.3k | $11.95 |
| − OpEx | −$6.4k | −$3.58 |
| NOI | $14.9k | $8.36 |
1,782 SF · lease $12.36/SF/yr · vacancy 3.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$212.9K
$186.3K – $248.4K
NOI $14,906 @ 7.0% cap · market cap 5.73%
Second Best
Apartment 5plus
$186.5K
$163.2K – $217.5K
NOI $13,052 @ 7.0% cap · market cap 5.02%
Theoretical Best
Retail
$465.3K
$407.1K – $542.8K
NOI $32,568 @ 7.0% cap · market cap 12.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
129
Businesses Nearby
Explore this area
Business Placement
Demographics for 44718, OH
12,607
Population
6,134
Households
2.1
Avg Household Size
47
Median Age
43%
College-Educated
99%
High-School Grad
8.4 sq mi
ZIP Area
1,501
Density / Sq Mi
$86,171
Median Household Income
$50,613
Median Earnings
$871
Median Rent
$285,500
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 - Well-maintained duplex with two units, each with two bedrooms, central air, and tenant-paid utilities.
Where is this duplex located?
The property is located at 6640 Palmer Drive NW Canton, OH.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Duplex built in 1974 with brick and block construction; Two units, each with two bedrooms and one full bathroom; Central air plus natural gas forced‑air heat
