Three-Unit Residential
126 Avis Ave Nw, Massillon, OH 44646
For Sale
$299,900
Separate gas and electric meters serve three residences with distinct layouts.
Property Size2,056 SF
Lot Size0.11 Acres
Price / SF$145.87
Days on Market11
Property Features for 126 Avis Ave Nw
General Information
Standard status
Size
Lot size
Property subtype
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Asking Price
Utilities to Site
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
fireplace
skylights
laundry facilities
storage
privacy fencing
Listing Agency:
Keller Williams Chervenic Rlty
(330) 836-4300
Listed By:
Darlene Hall · License #337861
(330) 800-4255
Source:
Exprealty
Added: Oct 28
Changed: Nov 7
Last Checked: Nov 6 at 2:37PM
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 Keller Williams Chervenic Rlty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 2,056-square-foot property contains three residential units across a front building and a rear residence. The front structure has a residential unit and a basement apartment. At the rear, a one-bedroom loft-style home is attached to the garage and features a two-story great room with a fireplace and skylights. Its kitchen includes appliances, while the full basement provides laundry facilities and storage.
Separate gas and electric meters serve the units, and newer mechanicals are installed throughout. Updates also include siding, the front door, and a sliding door; the roof dates to 2008. The property occupies a 40 x 123 lot with privacy fencing and a concrete driveway in Massillon, Ohio. The front units are month-to-month, and the rear residence is owner-occupied.
Separate gas and electric meters serve the units, and newer mechanicals are installed throughout. Updates also include siding, the front door, and a sliding door; the roof dates to 2008. The property occupies a 40 x 123 lot with privacy fencing and a concrete driveway in Massillon, Ohio. The front units are month-to-month, and the rear residence is owner-occupied.
Key Highlights
- Three residential units in a front building and a rear residence
- 2,056 square feet on a 40 x 123 lot
- Rear home has one bedroom, a two‑story great room, fireplace, and skylights
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,198
Cap Rate
5.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$343,960
$344.0K
Cap Rate 7%
$245,686
$245.7K
Cap Rate 9%
$191,089
$191.1K
Market Conditions
NOI Build-Up for 2,056 SF
Gross rent
$25.4K $12.36/SF
− Vacancy
−$844 −$0.41/SF
EGI
$24.6K $11.95/SF
− OpEx
−$7.4K −$3.58/SF
NOI
$17.2K $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 Rate 5%
$343,960
Cap Rate 7%
$245,686
Cap Rate 9%
$191,089
Alternative Uses
Best Use
Multifamily LT 5
$245.7K
$215.0K – $286.6K
NOI $17,198 @ 7.0% cap · market cap 5.73%
Second Best
Apartment 5plus
$215.1K
$188.2K – $251.0K
NOI $15,059 @ 7.0% cap · market cap 5.02%
Theoretical Best
Retail
$536.8K
$469.7K – $626.3K
NOI $37,576 @ 7.0% cap · market cap 12.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
373
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Triplex - Separate gas and electric meters serve three residences with distinct layouts.
Where is this triplex located?
The property is located at 126 Avis Ave Nw Massillon, OH.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Three residential units in a front building and a rear residence; 2,056 square feet on a 40 x 123 lot; Rear home has one bedroom, a two‑story great room, fireplace, and skylights
