15-Unit Apartment
For Sale
Contact for pricing
15 Grant Street, Dennison, OH 44621
Two-story multifamily property with exterior walkways, tenant-paid utilities, and updated finishes in select apartments.
Property Size6,705 SF
Price / SF$104.25
Days on Market66
Property Features for 15 Grant Street
General Information
Standard status
Active
Size
6,705 SF
Property subtype
Multifamily
Occupancy
73%
Investment Type
Stabilized
Net Operating Income
$64,083
Financials
Gross Income
$93,053
Average Monthly Rent
$711
Additional Details
Multifamily Units
15
Building Details
Buildings
1
Stories
2
Units
15
Tenancy
Multi
Listing Agency:
Elite Exit Advisors
Listed By:
Natalie Luneva · License #9016902-BB
Source:
Crexi
Added: Aug 22
Changed: Oct 25
Last Checked: Oct 26 at 1:25PM
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 Elite Exit Advisors
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Investment Insights
Based on property information with market context.
This 15-unit apartment property contains 6,705 square feet across two stories, with exterior walkway access serving the units. Eleven apartments are occupied, while four remain vacant and have prior finish standards. Updated interiors feature luxury vinyl plank flooring, fresh paint, oak trim, and refreshed cabinetry. Utilities are paid by tenants, and the property recorded a 31 percent expense ratio in 2025.
The property is located in Dennison, a village in Tuscarawas County positioned roughly midway between Pittsburgh and Columbus. Trinity Hospital Twin City is in the village, and Kent State University's Tuscarawas campus is seven miles away. Canton provides a larger employment base to the north. Dennison developed as a railroad town following the Pennsylvania Railroad's placement of shops and yards there in 1865; its historic depot is a National Historic Landmark.
The property is located in Dennison, a village in Tuscarawas County positioned roughly midway between Pittsburgh and Columbus. Trinity Hospital Twin City is in the village, and Kent State University's Tuscarawas campus is seven miles away. Canton provides a larger employment base to the north. Dennison developed as a railroad town following the Pennsylvania Railroad's placement of shops and yards there in 1865; its historic depot is a National Historic Landmark.
Key Highlights
- 15 apartment units across 6,705 square feet
- 11 of 15 units occupied; 4 units vacant
- 10.4% stabilized cap rate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,121
Cap Rate
7.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$982,420
$982.4K
Cap Rate 7%
$701,729
$701.7K
Cap Rate 9%
$545,789
$545.8K
Market Conditions
NOI Build-Up for 6,705 SF
Gross rent
$96.6K $14.40/SF
− Vacancy
−$7.2K −$1.08/SF
EGI
$89.3K $13.32/SF
− OpEx
−$40.2K −$5.99/SF
NOI
$49.1K $7.33/SF
Area
Tuscarawas County, OH
Vacancy
7.50%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$982,420
Cap Rate 7%
$701,729
Cap Rate 9%
$545,789
Alternative Uses
Best Use
Apartment 5plus
$701.7K
$614.0K – $818.7K
NOI $49,121 @ 7.0% cap · market cap 7.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.25M
$1.09M – $1.46M
NOI $87,463 @ 7.0% cap · market cap 12.51%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
15
Residential units
Location Intelligence
Trade Area within ½ mile
382
Businesses Nearby
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Business Placement
Demographics for 44621, OH
4,606
Population
1,992
Households
2.3
Avg Household Size
40
Median Age
13%
College-Educated
90%
High-School Grad
32.1 sq mi
ZIP Area
143
Density / Sq Mi
$55,000
Median Household Income
$35,777
Median Earnings
$825
Median Rent
$119,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Two-story multifamily property with exterior walkways, tenant-paid utilities, and updated finishes in select apartments.
Where is this apartment building located?
The property is located at 15 Grant Street Dennison, OH.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 15 apartment units across 6,705 square feet; 11 of 15 units occupied; 4 units vacant; 10.4% stabilized cap rate
