Triplex with Garage
For Sale
$265,000
9366 Kirk Road, North Jackson, OH 44451
MULTI_FAMILY - North Jackson, OH
Property Size3,649 SF
Lot Size2.75 Acres
Price / SF$72.62
Days on Market19
Property Features for 9366 Kirk Road
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Half bathrooms
1
Rooms
Bedroom 8, Bathroom 3, Bedroom 2, Bathroom 4, Bedroom 4, Bedroom 6, Bedroom 7, Bathroom 1, Laundry Room, Bathroom 2, Bedroom 5, Bedroom 1, Bedroom 3
Parking features
Paved or Surfaced, Garage
Subdivision
George E Miller 03
Lot features
Pond On Lot
Elementary school district
Jackson-Milton LSD - 5005
Middle school district
Jackson-Milton LSD - 5005
High school district
Jackson-Milton LSD - 5005
Directions
S. Lipkey to Kirk
Standard status
Active
APN
50-044-0-027.00-0
Size
3,649 SF
Lot size
2.75 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 8 KIRK RD 180 X 570 REPL LT 9 G MILLER PL
Tax Annual Amount
3136
Legal Description
LOT 8 KIRK RD 180 X 570 REPL LT 9 G MILLER PL
Utilities
Sewer type
Septic Tank
Heating system
Forced Air, Oil
Water source
Well
Amenities
pond
Building Details
Year built
1945
Floors in Building
2
Building materials
VinylSiding
Roof type
Fiberglass, Asphalt
Listing Agency:
Kelly Warren and Associates RE Solutions
(330) 717-2689
Listed By:
Dina Shuto · License #2023001187
(623) 224-7408
Added: Jul 22
Changed: Aug 3
Last Checked: Aug 9 at 12:06PM
MLS# 5230819
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 income-producing triplex offers an established rental setup with tenants already in place. The property sits on approximately 2.75 acres and includes a scenic pond. The building features vinyl siding, a roof with fiberglass and asphalt, and heating via forced air with oil fuel. For utilities, the home is served by well water and a septic tank system.
Parking is available with a garage and paved or surfaced parking areas.
The layout includes multiple bedrooms and bathrooms along with a laundry room, supported by a property size of 3,649 square feet. There is also potential to convert the property into a 4-unit building, which may support future income growth depending on design and approvals. Built in 1945, this triplex combines a long-standing structure with an outdoor setting that includes the pond feature.
Parking is available with a garage and paved or surfaced parking areas.
The layout includes multiple bedrooms and bathrooms along with a laundry room, supported by a property size of 3,649 square feet. There is also potential to convert the property into a 4-unit building, which may support future income growth depending on design and approvals. Built in 1945, this triplex combines a long-standing structure with an outdoor setting that includes the pond feature.
Key Highlights
- Approximately 2.75 acres with a scenic pond
- Tenants already in place in an income‑producing triplex
- 3,649 square feet
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
$22,643
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
8.54%
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%
$452,860
$452.9K
Cap Rate 7%
$323,471
$323.5K
Cap Rate 9%
$251,589
$251.6K
Market Conditions
NOI Build-Up for 3,649 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
$43.8K $12.00/SF
− Vacancy
−$2.6K −$0.72/SF
EGI
$41.2K $11.28/SF
− OpEx
−$18.5K −$5.08/SF
NOI
$22.6K $6.21/SF
Area
Mahoning County, OH
Vacancy
5.98%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
45.00%
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%
$452,860
Cap Rate 7%
$323,471
Cap Rate 9%
$251,589
Alternative Uses
Best Use
Multifamily LT 5
$351.1K
$307.2K – $409.6K
NOI $24,574 @ 7.0% cap · market cap 9.27%
Second Best
Apartment 5plus
$323.5K
$283.0K – $377.4K
NOI $22,643 @ 7.0% cap · market cap 8.54%
Theoretical Best
Office A
$688.6K
$602.5K – $803.4K
NOI $48,202 @ 7.0% cap · market cap 18.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Explore this area
Business Placement
Demographics for 44451, OH
3,199
Population
1,396
Households
2.3
Avg Household Size
48
Median Age
21%
College-Educated
92%
High-School Grad
38.7 sq mi
ZIP Area
83
Density / Sq Mi
$64,554
Median Household Income
$42,423
Median Earnings
$694
Median Rent
$201,500
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?
Triplex - Income-producing triplex with garage parking, well water, and septic service on a 2.75-acre lot.
Where is this triplex located?
The property is located at 9366 Kirk Road North Jackson, OH.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Approximately 2.75 acres with a scenic pond; Tenants already in place in an income‑producing triplex; 3,649 square feet
