4-Unit Quadplex with
For Sale
$225,000
1302 Fulton Rd NW, Canton, OH 44703
Fully occupied four-unit property with an updated kitchen, basement laundry, and a fenced rear yard.
Property Size2,791 SF
Price / SF$80.62
Days on Market52
Property Features for 1302 Fulton Rd NW
General Information
Standard status
Active
Size
2,791 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Utilities to Site
Yes
Multifamily Units
4
Amenities
basement laundry
rear parking
fully fenced yard
Building Details
Year Built
1909
Buildings
1
Construction
stucco
Tenancy
Multi
Listing Agency:
Keller Williams Legacy Group Realty
(330) 595-9811
Listed By:
Jose Medina · License #2002013465
Source:
Groganzeiger
Added: Jul 11
Changed: Aug 30
Last Checked: Aug 31 at 6:52PM
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 Legacy Group Realty
Investment Insights
Based on property information with market context.
Built in 1909, this 2,791-square-foot quadplex contains four residential units with one- and two-bedroom layouts, totaling 6 bedrooms and 4 full baths. Each unit includes living space, a kitchen, bedroom area, and full bathroom. The building is fully occupied and includes basement laundry, unfinished storage, rear parking, and a fully fenced yard.
Unit 1 has a renovated kitchen with new cabinetry, countertops, fresh paint, and included appliances. Building systems include hot water and steam radiant heat, wall and window cooling units, four hot water tanks, a gas line, separate 100-amp electric panels, and select newer windows. The property has stucco exterior construction, an asphalt/fiberglass roof, public water and sewer, and rear parking access from Niles. Located at 1302 Fulton Rd NW in Canton, Ohio.
Unit 1 has a renovated kitchen with new cabinetry, countertops, fresh paint, and included appliances. Building systems include hot water and steam radiant heat, wall and window cooling units, four hot water tanks, a gas line, separate 100-amp electric panels, and select newer windows. The property has stucco exterior construction, an asphalt/fiberglass roof, public water and sewer, and rear parking access from Niles. Located at 1302 Fulton Rd NW in Canton, Ohio.
Key Highlights
- Four‑unit quadplex with 6 bedrooms and 4 full baths
- Fully occupied residential property
- 2,791 SF building constructed in 1909
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
$20,442
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
9.09%
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%
$408,840
$408.8K
Cap Rate 7%
$292,029
$292.0K
Cap Rate 9%
$227,133
$227.1K
Market Conditions
NOI Build-Up for 2,791 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
$38.5K $13.80/SF
− Vacancy
−$1.3K −$0.48/SF
EGI
$37.2K $13.32/SF
− OpEx
−$16.7K −$5.99/SF
NOI
$20.4K $7.32/SF
Area
Stark County, OH
Vacancy
3.50%
Lease Rate
$13.80 /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%
$408,840
Cap Rate 7%
$292,029
Cap Rate 9%
$227,133
Alternative Uses
Best Use
Multifamily LT 5
$333.5K
$291.8K – $389.1K
NOI $23,346 @ 7.0% cap · market cap 10.38%
Second Best
Apartment 5plus
$292.0K
$255.5K – $340.7K
NOI $20,442 @ 7.0% cap · market cap 9.09%
Theoretical Best
Retail
$728.7K
$637.6K – $850.2K
NOI $51,009 @ 7.0% cap · market cap 22.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
727
Businesses Nearby
Explore this area
Business Placement
Demographics for 44703, OH
8,015
Population
4,600
Households
1.7
Avg Household Size
35
Median Age
14%
College-Educated
83%
High-School Grad
1.1 sq mi
ZIP Area
7,286
Density / Sq Mi
$31,950
Median Household Income
$27,925
Median Earnings
$838
Median Rent
$78,100
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?
Quadplex - Fully occupied four-unit property with an updated kitchen, basement laundry, and a fenced rear yard.
Where is this quadplex located?
The property is located at 1302 Fulton Rd NW Canton, OH.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Four‑unit quadplex with 6 bedrooms and 4 full baths; Fully occupied residential property; 2,791 SF building constructed in 1909
