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    8026 Elm St Garrettsville, OH 44231

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    Sponsored
    For Sale
    $210,000

    MULTI_FAMILY - Garrettsville, OH

    Property size:
    3,840 SF
    Lot size:
    0.46 Acres
    Days on Market:
    9
    Last Refresh:
    Mar 21 at 9:06 pm

    Property Features for 8026 Elm St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 1, Bedroom 3, Basement, Bathroom 3, Bedroom 7, Bedroom 4, Bedroom 6, Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 5
    Bedrooms
    7
    Bathrooms
    3
    APN
    19-015-00-00-007-000
    Parking features
    Garage, Driveway
    Exterior features
    FirePit
    Size
    3,840 SF
    Lot size
    0.46 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Water source
    Public
    Water front
    1

    Building Details

    Year built
    1910
    Floors in Building
    2
    Building materials
    BlownInInsulation, Frame, Masonite, Plaster
    Roof type
    Fiberglass, Asphalt

    We can help!

    Listing Contact
    Ava J Wagner
    Ava J Wagner

    Stouffer Realty Inc

    Listing agent Ava J Wagner License #444619

    Listing date Mar 13, 2026

    MLS# 5133394 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

    Charming Triplex by Silver Creek

    This three-unit property presents a fantastic investment opportunity, situated on a picturesque 0.46-acre lot with direct access to Silver Creek. The property offers a peaceful natural backdrop and excellent tenant appeal. The building has a total size of 3840 square feet. 8026 Elm is a recently remodeled, spacious lower-level unit featuring a large living room with hardwood floors and built-in cabinetry. The updated oak kitchen offers ample cabinet space, a stove and fridge, and an open eat-in area with ceramic tile flooring and views of the side yard. The bedroom features newer carpet, plus a bonus room suitable as a second bedroom, office, or laundry/mudroom with backyard access. 8028 Elm is an upper-level unit with a private landing and bonus storage area. The dining room connects to the kitchen and living room, featuring LVT flooring and walk-out access to a covered porch with panoramic views. A full kitchen with all appliances, three bedrooms, and a full bath complete this apartment. 8030 Elm is a two-story unit with a covered front porch. The main level features a living room, a kitchen that opens to the family room, and a laundry/mudroom with backyard access. A full bath completes the first floor, while the upper level includes three bedrooms. The property offers off-street parking, natural surroundings, and easy access to local amenities, making it a prime multi-family investment with rental income potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Garrettsville
    County
    Portage
    State
    Ohio
    Longitude
    -81.100379
    Latitude
    41.284374

    Nearby Similar for Sale

    • New
      $395,000
      4,200 SF

      Turnkey Auto Shop Investment Property

      Established commercial property with two buildings on 3.71 acres.
      10320 Brosius Rd, Garrettsville, OH 44231
      View Details

    FAQs

    What type of property is this?
    Triplex - Three-unit property with creek access and excellent rental potential.
    Where is this triplex located?
    The property is located at 8026 Elm St Garrettsville, OH.
    What is the asking price?
    The asking price for this property is $210,000.
    What are key features of this property?
    This property features: - Excellent rental income potential as a three-unit property.; - Direct access to scenic Silver Creek, providing a peaceful natural backdrop.; - Unit 8028 features a charming covered porch with panoramic views.
    (330) 815-9741
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    8026 Elm St Garrettsville, OH 44231
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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
    8026 Elm St Garrettsville, OH 44231
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    We can help!
    Listing Contact
    Ava J Wagner
    Ava J Wagner
    Real Estate License ID: 444619
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