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Newer 48-Unit Apartment Community
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41670 National Rd, Belmont, OH 43718

48 two-bedroom, one-bath apartments built in 2015 with surrounding concrete parking and an interior courtyard.

Property SizeContact for details
Days on Market123

Property Features for 41670 National Rd

General Information

Standard status Active
Property subtype Multifamily, Special Purpose
Listing Agency: Harvey Goodman, REALTOR
Listed By: Jay Goodman, CCIM · License #BRKP.2012000489
Source: Crexi
Added: Apr 10 Changed: Aug 8 Last Checked: Jul 21 at 9:54PM

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 Harvey Goodman, REALTOR

Investment Insights

Based on property information with market context.

The Grove Apartments is a 48-unit residential community newly constructed in 2015. The property consists of 48 two-bedroom, one-bath units. Concrete parking lots surround the community, and amenities include an interior courtyard with a bocce court.

The community is located in Belmont, Ohio, about 1 mile from Exit 208 on Interstate 70. It is approximately 7 miles to Saint Clairsville and 30 miles to Cambridge.

The property is currently operating at or near capacity, with an existing waiting list and an estimated NOI of $516k.

Key Highlights

  • 48‑unit apartment community in Belmont, OH, offering 48 two‑bedroom, one‑bath units
  • Built in 2015 and located on 9 acres
  • Operating at or near capacity with an estimated NOI of $516k and a current waiting list

Property Analytics

Current Use

The Grove Apartment Complex

Suggested Use

Top Pick Parking Lot & Garage Auto Parts Store Building Supply Storage Facility Pharmacy Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

9
Businesses Nearby

Demographics for 43718, OH

3,049
Population
1,159
Households
2.6
Avg Household Size
45
Median Age
16%
College-Educated
95%
High-School Grad
57.5 sq mi
ZIP Area
53
Density / Sq Mi
$74,719
Median Household Income
$37,049
Median Earnings
$1,091
Median Rent
$225,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - 48 two-bedroom, one-bath apartments built in 2015 with surrounding concrete parking and an interior courtyard.
Where is this apartment building located?
The property is located at 41670 National Rd Belmont, OH.
What are key features of this property?
This property features: 48‑unit apartment community in Belmont, OH, offering 48 two‑bedroom, one‑bath units; Built in 2015 and located on 9 acres; Operating at or near capacity with an estimated NOI of $516k and a current waiting list
(773) 936-6511 Call to check price and availability
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