Renovated Triplex with Separate Ranch
New
For Sale
$315,000
8242-8244 Navarre Road SW, Massillon, OH 44646
ResidentialIncome, Massillon, OH
Property Size2,668 SF
Lot Size1.06 Acres
Price / SF$118.07
Days on Market4
Property Features for 8242-8244 Navarre Road SW
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
7
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 3, Bedroom 3, Bedroom 5, Bathroom 1, Bedroom 7, Bedroom 6, Bedroom 1, Bedroom 4, Bedroom 2, Laundry Room
Parking features
Paved or Surfaced, Garage
Elementary school district
Perry LSD Stark- 7614
Middle school district
Perry LSD Stark- 7614
High school district
Perry LSD Stark- 7614
Directions
Take OH-21 S/US-62 W/Erie Ave SW/Great Lakes Blvd NW/I-77 to Navarre Rd
Standard status
Active
APN
04315109
Size
2,668 SF
Lot size
1.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
32 NE 2.12A
Tax Annual Amount
2504
Legal Description
32 NE 2.12A
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public
Amenities
RV hookup
Building Details
Year built
1945
Floors in Building
2
Building materials
VinylSiding
Roof type
Asphalt, Fiberglass
Listing Agency:
Keller Williams Legacy Group Realty · Keller Williams Realty
(330) 433-6005
Listed By:
Jose Medina · License #2002013465
(330) 595-9811
Added: Aug 31
Changed: Sep 1
Last Checked: Sep 3 at 11:06AM
MLS# 5241032
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 three-unit residential property at 8242-8244 Navarre Road SW combines an up-and-down duplex with a separate ranch home. The duplex contains two two-bedroom, one-bath units, while the ranch residence provides three bedrooms and one full bath. The property has been renovated and includes vinyl siding, asphalt and fiberglass roofing, forced-air natural gas heat, public water, and public sewer.
Set on 1.06 acres in Perry Township, the property includes 2668 square feet and was built in 1945. Recent work includes new water mains, 400 amp service, commercial jaw release pedestal equipment, and full closed-cell foam insulation. Paved parking, a garage, and an RV hookup are also included. All three units are tenant-occupied, providing an established rental configuration in Massillon, Ohio.
Set on 1.06 acres in Perry Township, the property includes 2668 square feet and was built in 1945. Recent work includes new water mains, 400 amp service, commercial jaw release pedestal equipment, and full closed-cell foam insulation. Paved parking, a garage, and an RV hookup are also included. All three units are tenant-occupied, providing an established rental configuration in Massillon, Ohio.
Key Highlights
- Three‑unit configuration with two‑bedroom duplex apartments and a three‑bedroom ranch home
- 1.06‑acre lot in Perry Township
- 2668 square feet; built in 1945
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
$22,317
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
7.08%
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%
$446,340
$446.3K
Cap Rate 7%
$318,814
$318.8K
Cap Rate 9%
$247,967
$248.0K
Market Conditions
NOI Build-Up for 2,668 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
$33.0K $12.36/SF
− Vacancy
−$1.1K −$0.41/SF
EGI
$31.9K $11.95/SF
− OpEx
−$9.6K −$3.58/SF
NOI
$22.3K $8.36/SF
Area
Stark County, OH
Vacancy
3.32%
Lease Rate
$12.36 /SF/Yr
Expense Ratio
30.00%
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%
$446,340
Cap Rate 7%
$318,814
Cap Rate 9%
$247,967
Alternative Uses
Best Use
Multifamily LT 5
$318.8K
$279.0K – $372.0K
NOI $22,317 @ 7.0% cap · market cap 7.08%
Second Best
Apartment 5plus
$279.2K
$244.3K – $325.7K
NOI $19,541 @ 7.0% cap · market cap 6.20%
Theoretical Best
Retail
$696.6K
$609.5K – $812.7K
NOI $48,761 @ 7.0% cap · market cap 15.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
139
Businesses Nearby
Explore this area
Business Placement
Demographics for 44646, OH
47,973
Population
20,817
Households
2.3
Avg Household Size
42
Median Age
25%
College-Educated
94%
High-School Grad
28.8 sq mi
ZIP Area
1,666
Density / Sq Mi
$66,767
Median Household Income
$41,021
Median Earnings
$883
Median Rent
$181,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three tenant-occupied units combine a duplex and ranch residence with recent system and interior improvements.
Where is this triplex located?
The property is located at 8242-8244 Navarre Road SW Massillon, OH.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Three‑unit configuration with two‑bedroom duplex apartments and a three‑bedroom ranch home; 1.06‑acre lot in Perry Township; 2668 square feet; built in 1945
