Updated Duplex with
New
For Sale
$375,000
1532 Ellesmere Avenue NW, North Canton, OH 44720
ResidentialIncome, North Canton, OH
Property Size2,480 SF
Lot Size0.35 Acres
Price / SF$151.21
Days on Market4
Property Features for 1532 Ellesmere Avenue NW
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Half bathrooms
2
Rooms
Basement, Laundry Room, Bedroom 2, Bathroom 4, Bathroom 2, Bedroom 4, Bedroom 1, Bathroom 3, Bedroom 3, Bathroom 1
Parking features
Garage, Driveway
Interior features
BuiltInFeatures, EatInKitchen, OpenFloorplan, VaultedCeilings
Exterior features
Balcony
Appliances
Dishwasher, Range, Refrigerator
Subdivision
North Canton
Elementary school district
North Canton CSD - 7611
Middle school district
North Canton CSD - 7611
High school district
North Canton CSD - 7611
Directions
Applegrove to Ellesmere
Standard status
Active
APN
09206469
Size
2,480 SF
Lot size
0.35 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
5550 WH
Tax Annual Amount
3755
Legal Description
5550 WH
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1983
Floors in Building
2
Building materials
Brick, VinylSiding
Roof type
Fiberglass, Asphalt
Listing Agency:
Keller Williams Legacy Group Realty · Keller Williams Realty
(330) 433-6005
Listed By:
Jamie M Kelley · License #2015000807
(330) 316-9626
Added: Aug 23
Changed: Aug 24
Last Checked: Aug 26 at 8:06PM
MLS# 5239050
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex at 1532 Ellesmere Avenue NW includes two-bedroom, one-and-a-half-bath units with living rooms, eat-in kitchens, family rooms, built-in features, and open-concept interiors. Vaulted ceilings, central air, forced-air natural gas heating, and included ranges, refrigerators, and dishwashers add to the property’s functional layout. The building was constructed in 1983 and has brick and vinyl siding.
Exterior improvements include an oversized one-car garage, driveway parking, a balcony, and a 30-by-40-foot barn. The property has public water and public sewer service. Recent work includes new carpet, fresh paint, a new hot water tank in 1532 in 2026, a new furnace in 2022, a new furnace in 1534 in 2026, and a new garage door in 2025. The roof and barn were updated in 2023, with new barn siding and a new barn garage door added in 2025.
Exterior improvements include an oversized one-car garage, driveway parking, a balcony, and a 30-by-40-foot barn. The property has public water and public sewer service. Recent work includes new carpet, fresh paint, a new hot water tank in 1532 in 2026, a new furnace in 2022, a new furnace in 1534 in 2026, and a new garage door in 2025. The roof and barn were updated in 2023, with new barn siding and a new barn garage door added in 2025.
Key Highlights
- Duplex with 2,480 square feet on 0.3529 acres
- Two‑bedroom, one‑and‑a‑half‑bath units with eat‑in kitchens and family rooms
- 30‑by‑40‑foot barn plus oversized one‑car garage
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
$20,745
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
5.53%
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%
$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
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
$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 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%
$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 5.53%
Second Best
Apartment 5plus
$259.5K
$227.1K – $302.7K
NOI $18,164 @ 7.0% cap · market cap 4.84%
Theoretical Best
Retail
$647.5K
$566.6K – $755.4K
NOI $45,325 @ 7.0% cap · market cap 12.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
580
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with recent furnace, roof, siding, garage, and interior improvements.
Where is this duplex located?
The property is located at 1532 Ellesmere Avenue NW North Canton, OH.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Duplex with 2,480 square feet on 0.3529 acres; Two‑bedroom, one‑and‑a‑half‑bath units with eat‑in kitchens and family rooms; 30‑by‑40‑foot barn plus oversized one‑car garage
