All-Brick Ranch
For Sale
$144,900
1540-1542 Vassar Avenue NW, Canton, OH 44703
ResidentialIncome, Canton, OH
Property Size1,408 SF
Lot Size0.13 Acres
Price / SF$102.91
Days on Market21
Property Features for 1540-1542 Vassar Avenue NW
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 1, Basement
Parking features
Garage
Elementary school district
Canton CSD - 7602
Middle school district
Canton CSD - 7602
High school district
Canton CSD - 7602
Directions
,
Standard status
Active
APN
00210907
Size
1,408 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3606
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Window Unit(s)
Water source
Public
Amenities
full basement
Building Details
Year built
1960
Floors in Building
1
Building materials
Brick
Roof type
Asphalt, Fiberglass
Listing Agency:
Keller Williams Legacy Group Realty · Keller Williams Realty
(330) 433-6005
Listed By:
Holly M Van Riper · License #2000000533
(330) 323-3872
Added: Sep 11
Changed: Sep 29
Last Checked: Oct 1 at 6:06PM
MLS# 5240144
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 1,408-square-foot duplex was built in 1960 with brick construction and a ranch-style layout. Each residence contains one bedroom, one full bathroom, a one-car garage, and a full basement. One bathroom has been remodeled, and the property has an asphalt and fiberglass roof installed within the past few years. Natural gas heat and window-unit cooling serve the units.
Located at 1540-1542 Vassar Avenue NW in Canton, the property sits on a 0.13-acre lot. Public water and public sewer are in place, while garage parking provides dedicated covered vehicle storage for each residence. The two-unit configuration offers separate living spaces within a compact residential income property.
Located at 1540-1542 Vassar Avenue NW in Canton, the property sits on a 0.13-acre lot. Public water and public sewer are in place, while garage parking provides dedicated covered vehicle storage for each residence. The two-unit configuration offers separate living spaces within a compact residential income property.
Key Highlights
- Two‑unit duplex with 1,408 square feet of building area
- Each unit has 1 bedroom, 1 full bathroom, a one‑car garage, and a full basement
- All‑brick construction with 1960 build year
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
$11,778
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
8.13%
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%
$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
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
$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 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%
$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
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two one-bedroom units include private garages, full basements, and public utilities.
Where is this duplex located?
The property is located at 1540-1542 Vassar Avenue 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: Two‑unit duplex with 1,408 square feet of building area; Each unit has 1 bedroom, 1 full bathroom, a one‑car garage, and a full basement; All‑brick construction with 1960 build year
