Multifamily Residential
1221-1223 2nd Street Nw New Philadelphia New Philadelphia, OH 44663
1221-1223 2nd Street Nw New Philadelphia, New Philadelphia, OH, 44663
$2,500,000
For Sale
$2,500,000
38-unit diversified portfolio generating approximately $336,000 in gross annual income and about $200,000 in net operating income.
Days on Market11
Property Features for 1221-1223 2nd Street Nw New Philadelphia
General Information
- Standard status
- Active
Building Details
- Year Built
- 1966
Listing agency
(330) 472-2967
Listed by
Christina Moretti
(330) 472-2967
Source
Christinamoretti.exprealty
Added: Jul 13 Updated: Jul 20 at 5:49PM Checked: Jul 23 at 3:05AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Christina Moretti
Investment Insights
Based on property information with market context.
The New Philadelphia Portfolio is a 38-unit residential investment package featuring a diversified mix of multifamily and single-family properties, offered as an income-producing portfolio with supporting real rent roll and trailing twelve-month financials. The portfolio is described as stabilized, with approximately $336,000 in gross annual income and about $200,000 in net operating income, reflecting an 8.0 percent going-in cap rate based on actual performance.
The portfolio is located in New Philadelphia and Strasburg, Ohio, and includes properties at 1221–1223 2nd Street NW as provided in the listing information.
The offering also highlights projected performance improvements, including lease-up of select units, rent normalization for rents described as below market, and continued operational efficiency improvements. These projections are stated to increase NOI to roughly $213,000–$217,000 and support an estimated 8.5–8.7 percent stabilized cap rate.
The portfolio is located in New Philadelphia and Strasburg, Ohio, and includes properties at 1221–1223 2nd Street NW as provided in the listing information.
The offering also highlights projected performance improvements, including lease-up of select units, rent normalization for rents described as below market, and continued operational efficiency improvements. These projections are stated to increase NOI to roughly $213,000–$217,000 and support an estimated 8.5–8.7 percent stabilized cap rate.
Key Highlights
- 38‑unit diversified residential investment package in New Philadelphia & Strasburg, Ohio
- Produces approximately $336,000 in gross annual income and about $200,000 in net operating income
- Based on actual performance, the portfolio reflects an 8.0% going‑in cap rate
Property Analytics
Location Intelligence
Current Use by Public Records
Multifamily properties
Similar For Sale Nearby
FAQs
What type of property is this?
Multifamily property - 38-unit diversified portfolio generating approximately $336,000 in gross annual income and about $200,000 in net operating income.
Where is this multifamily property located?
The property is located at 1221-1223 2nd Street Nw New Philadelphia New Philadelphia, OH.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 38‑unit diversified residential investment package in New Philadelphia & Strasburg, Ohio; Produces approximately $336,000 in gross annual income and about $200,000 in net operating income; Based on actual performance, the portfolio reflects an 8.0% going‑in cap rate
