Renovated Triplex with
For Sale
$315,000
8242-8244 Navarre Road SW, Massillon, OH 44646
ResidentialIncome, Massillon, OH
Property Size1,536 SF
Lot Size1.06 Acres
Price / SF$205.08
Days on Market73
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
Bedroom 5, Bedroom 7, Laundry Room, Bedroom 6, Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 3
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
1,536 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: Jun 15
Changed: Aug 20
Last Checked: Aug 26 at 8:06PM
MLS# 5219138
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 triplex combines an up-and-down duplex with a separate ranch home on a 1.06-acre parcel at 8242-8244 Navarre Road SW. The duplex contains two two-bedroom, one-bath units, while the ranch residence adds three bedrooms and one full bath. The property measures 1,536 square feet and was built in 1945.
Both homes have been renovated, with vinyl siding, asphalt and fiberglass roofing, forced-air natural gas heat, public water, and public sewer. Improvements include new water mains, 400-amp service, and full closed-cell foam insulation. Paved parking, garage space, and an RV hookup at the rear complement the tenant-occupied configuration. The property is located in Massillon, Stark County, Ohio, within ZIP code 44646.
Both homes have been renovated, with vinyl siding, asphalt and fiberglass roofing, forced-air natural gas heat, public water, and public sewer. Improvements include new water mains, 400-amp service, and full closed-cell foam insulation. Paved parking, garage space, and an RV hookup at the rear complement the tenant-occupied configuration. The property is located in Massillon, Stark County, Ohio, within ZIP code 44646.
Key Highlights
- Triplex configuration includes an up‑and‑down duplex plus a separate ranch home
- Duplex offers two 2‑bedroom, 1‑bath units; ranch home has 3 bedrooms and 1 full bath
- 1.06‑acre parcel with 1,536 square feet of property size
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
$12,848
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
4.08%
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%
$256,960
$257.0K
Cap Rate 7%
$183,543
$183.5K
Cap Rate 9%
$142,756
$142.8K
Market Conditions
NOI Build-Up for 1,536 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
$19.0K $12.36/SF
− Vacancy
−$630 −$0.41/SF
EGI
$18.4K $11.95/SF
− OpEx
−$5.5K −$3.58/SF
NOI
$12.8K $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%
$256,960
Cap Rate 7%
$183,543
Cap Rate 9%
$142,756
Alternative Uses
Best Use
Multifamily LT 5
$183.5K
$160.6K – $214.1K
NOI $12,848 @ 7.0% cap · market cap 4.08%
Second Best
Apartment 5plus
$160.7K
$140.6K – $187.5K
NOI $11,250 @ 7.0% cap · market cap 3.57%
Theoretical Best
Retail
$401.0K
$350.9K – $467.9K
NOI $28,072 @ 7.0% cap · market cap 8.91%
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
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Frequently Asked Questions
What type of property is this?
Triplex - Tenant-occupied multifamily property with two renovated homes, public utilities, paved parking, and a rear RV hookup.
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: Triplex configuration includes an up‑and‑down duplex plus a separate ranch home; Duplex offers two 2‑bedroom, 1‑bath units; ranch home has 3 bedrooms and 1 full bath; 1.06‑acre parcel with 1,536 square feet of property size
