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    8653 Rosewood Ave NW North Canton, OH 44720

    Sponsored
    For Sale
    Pending
    Contact for pricing

    MULTI_FAMILY - North Canton, OH

    Lot size:
    0.51 Acres
    Days on Market:
    37
    Last Refresh:
    Feb 7 at 10:06 am

    Property Features for 8653 Rosewood Ave NW

    General Information

    Special listing conditions
    Auction
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Auction
    Standard status
    Pending
    Rooms
    Bedroom 2, Bedroom 6, Bathroom 4, Bathroom 7, Bathroom 3, Bedroom 1, Bedroom 4, Bedroom 5, Bedroom 9, Bathroom 5, Bathroom 6, Bathroom 8, Bedroom 8, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 7
    Bedrooms
    9
    Bathrooms
    8
    APN
    02000773
    Parking features
    Garage
    Lot size
    0.51 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Central Air
    Water source
    Well

    Building Details

    Year built
    1968
    Floors in Building
    2
    Building materials
    Brick
    Roof type
    Shingle

    We can help!

    Listing Contact
    Douglas L Milano

    richard t. kiko agency, inc. (330) 343-7355

    Listing agent Douglas L Milano (330) 205-2196 License #2005001642

    Listing date Jan 2, 2026

    MLS# 5176381 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

    Four-Unit Apartment Building and Vacant Lot

    This offering includes a well-maintained brick four-unit apartment building and an improved vacant lot totaling 0.471 acres. The apartment building features three 2-bedroom, 1.5-bath units and one large 3-bedroom, 1.5-bath unit. Each unit includes a refrigerator, stove, and dishwasher, and is separately metered for electric. Each unit also has a one-car garage. The property benefits from off-street concrete parking. Heating is provided by gas forced air furnaces with separate meters, and updated AC units were installed in 2025. New windows were installed throughout in 2021, and new rear entry doors were added in 2025. All new concrete, including the driveway, sidewalks, and parking area, was completed in 2025, along with outdoor lighting. The vacant lot is level and located on a cul-de-sac with frontage on Rosewood Ave. It is zoned R-3 multi-family and has public utilities. The property is conveniently located near shopping, dining, entertainment, and I-77.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Pharmacy Skin Care Clinic Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    North Canton
    County
    Stark
    State
    Ohio
    Longitude
    -81.417967
    Latitude
    40.910169

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    FAQs

    What type of property is this?
    Quadplex - Well-maintained apartment building and vacant lot near shopping and dining.
    Where is this quadplex located?
    The property is located at 8653 Rosewood Ave NW North Canton, OH.
    What are key features of this property?
    This property features: - Well-maintained brick four-unit apartment building with long-term tenant history.; - Four-bay garage and off-street concrete parking.; - **Updated AC units (2025), new windows (2021), new rear entry doors (2025), and all new concrete (2025).**
    (330) 205-2196
    Request Owner's contact information
    8653 Rosewood Ave NW North Canton, OH 44720
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    North Canton, OH 44720
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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
    8653 Rosewood Ave NW North Canton, OH 44720
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    We can help!
    Listing Contact
    Douglas L Milano
    Real Estate License ID: 2005001642
    (330) 205-2196
    Learn more
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