Updated Duplex with
For Sale
$350,000
1532 Ellesmere Ave NW, North Canton, OH 44720
Two-bedroom residential property includes an oversized garage, barn, built-ins, and multiple recent improvements.
Property Size2,480 SF
Price / SF$141.13
Days on Market48
Property Features for 1532 Ellesmere Ave NW
General Information
Standard status
Active
Size
2,480 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1983
Listing Agency:
Keller Williams Legacy Group Realty
Listed By:
Jamie M Kelley · License #2015000807
(330) 316-9626
Source:
Groganzeiger
Added: Sep 8
Changed: Oct 25
Last Checked: Oct 24 at 6:13PM
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
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Investment Insights
Based on property information with market context.
This duplex at 1532 Ellesmere Ave NW includes two bedrooms, one and a half bathrooms, living and family rooms, an eat-in kitchen, built-in storage, and an open-concept arrangement. The bedrooms are generously sized, with the primary bedroom offering three closets. An oversized one-car garage and a 30-by-40-foot barn add substantial storage and utility space.
Recent work includes carpeting and interior paint updates, a new hot water tank in 1532 in 2026, a furnace replacement in 2022, and a new furnace in 1534 in 2026. The garage door was replaced in 2025. The roof and barn were updated in 2023, while the barn also received new siding and a new garage door in 2025. Built in 1983, the property is located in North Canton, Ohio.
Recent work includes carpeting and interior paint updates, a new hot water tank in 1532 in 2026, a furnace replacement in 2022, and a new furnace in 1534 in 2026. The garage door was replaced in 2025. The roof and barn were updated in 2023, while the barn also received new siding and a new garage door in 2025. Built in 1983, the property is located in North Canton, Ohio.
Key Highlights
- Duplex with two bedrooms and 1.5 bathrooms
- 30‑by‑40‑foot barn included with the property
- Oversized one‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,745
Cap Rate
5.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$414,900
$414.9K
Cap Rate 7%
$296,357
$296.4K
Cap Rate 9%
$230,500
$230.5K
Market Conditions
NOI Build-Up for 2,480 SF
Gross rent
$30.7K $12.36/SF
− Vacancy
−$1.0K −$0.41/SF
EGI
$29.6K $11.95/SF
− OpEx
−$8.9K −$3.58/SF
NOI
$20.7K $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%
$414,900
Cap Rate 7%
$296,357
Cap Rate 9%
$230,500
Alternative Uses
Best Use
Multifamily LT 5
$296.4K
$259.3K – $345.8K
NOI $20,745 @ 7.0% cap · market cap 5.93%
Second Best
Apartment 5plus
$259.5K
$227.1K – $302.7K
NOI $18,164 @ 7.0% cap · market cap 5.19%
Theoretical Best
Retail
$647.5K
$566.6K – $755.4K
NOI $45,325 @ 7.0% cap · market cap 12.95%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
580
Businesses Nearby
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Business Placement
Demographics for 44720, OH
40,744
Population
17,988
Households
2.3
Avg Household Size
43
Median Age
42%
College-Educated
97%
High-School Grad
34.3 sq mi
ZIP Area
1,188
Density / Sq Mi
$81,045
Median Household Income
$46,587
Median Earnings
$977
Median Rent
$233,800
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?
Duplex - Two-bedroom residential property includes an oversized garage, barn, built-ins, and multiple recent improvements.
Where is this duplex located?
The property is located at 1532 Ellesmere Ave NW North Canton, OH.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Duplex with two bedrooms and 1.5 bathrooms; 30‑by‑40‑foot barn included with the property; Oversized one‑car garage
