All-Brick Ranch
For Sale
$144,900
1540-1542 Vassar Ave NW, Canton, OH 44703
Each residence includes a garage and full basement, with one bathroom updated for contemporary use.
Property Size1,408 SF
Price / SF$102.91
Days on Market25
Property Features for 1540-1542 Vassar Ave NW
General Information
Standard status
Active
Size
1,408 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Additional Details
Road Access
Yes
Building Details
Year Built
1960
Buildings
1
Construction
all-brick ranch
Listing Agency:
Keller Williams Legacy Group Realty
Listed By:
Holly M Van Riper · License #2000000533
(330) 323-3872
Source:
Groganzeiger
Added: Sep 13
Changed: Oct 2
Last Checked: Oct 7 at 3:49PM
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 1960, this all-brick ranch duplex contains two one-bedroom residences, each with one full bath, a one-car garage, and a full basement. The basements provide additional storage or flexible unfinished space. One unit includes a remodeled bathroom, and the property received a new roof a few years ago.
Located at 1540-1542 Vassar Ave NW in Canton, Ohio, the duplex sits along a well-maintained residential street. The building’s ranch layout, brick exterior, garages, and basement areas provide a practical configuration for residential income ownership or an owner-occupant arrangement.
Located at 1540-1542 Vassar Ave NW in Canton, Ohio, the duplex sits along a well-maintained residential street. The building’s ranch layout, brick exterior, garages, and basement areas provide a practical configuration for residential income ownership or an owner-occupant arrangement.
Key Highlights
- All‑brick ranch duplex built in 1960
- Two units, each with 1 bedroom and 1 full bath
- Each unit includes a one‑car garage and full basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,778
Cap Rate
8.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$235,560
$235.6K
Cap Rate 7%
$168,257
$168.3K
Cap Rate 9%
$130,867
$130.9K
Market Conditions
NOI Build-Up for 1,408 SF
Gross rent
$17.4K $12.36/SF
− Vacancy
−$578 −$0.41/SF
EGI
$16.8K $11.95/SF
− OpEx
−$5.0K −$3.58/SF
NOI
$11.8K $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%
$235,560
Cap Rate 7%
$168,257
Cap Rate 9%
$130,867
Alternative Uses
Best Use
Multifamily LT 5
$168.3K
$147.2K – $196.3K
NOI $11,778 @ 7.0% cap · market cap 8.13%
Second Best
Apartment 5plus
$147.3K
$128.9K – $171.9K
NOI $10,313 @ 7.0% cap · market cap 7.12%
Theoretical Best
Retail
$367.6K
$321.7K – $428.9K
NOI $25,733 @ 7.0% cap · market cap 17.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
645
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes a garage and full basement, with one bathroom updated for contemporary use.
Where is this duplex located?
The property is located at 1540-1542 Vassar Ave NW Canton, OH.
What is the asking price?
The asking price for this property is $144,900.
What are key features of this property?
This property features: All‑brick ranch duplex built in 1960; Two units, each with 1 bedroom and 1 full bath; Each unit includes a one‑car garage and full basement
