Building Details

Year Built 1980

Buildings 6

Units 12

Tenancy Multi

Listing Agency: NAI Spring

Listed By: Kelly Sober, CCIM · License #OH SAL.2018003046 Show Phone

Source: Crexi

Added: Jun 29 Changed: Oct 2 Last Checked: Oct 14 at 10:40PM

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Investment Insights

Based on property information with market context.

This offering features a well-maintained multifamily asset positioned for stable, in-place income. The property is described as low-expense, with many units having been refreshed and the buildings showing minimal deferred maintenance.

Operating expense management is supported by tenant-paid utilities and HOA-covered exterior services. The offering also notes that several units are currently below market rent, creating an opportunity for improved revenue performance over time.

The property is located at 13626-13628 Mogadore Avenue Northwest in Uniontown, Ohio.

Key Highlights

• Multifamily property built in 1980
• Tenant‑paid utilities help keep operating expenses low
• HOA‑covered exterior services reduce exterior maintenance expenses

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$81,798

Cap Rate

5.84%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,635,960 $1.6M

Cap Rate 7%

$1,168,543 $1.2M

Cap Rate 9%

$908,867 $908.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 11,168 SF

Gross rent

$154.1K $13.80/SF

− Vacancy

−$5.4K −$0.48/SF

EGI

$148.7K $13.32/SF

− OpEx

−$66.9K −$5.99/SF

NOI

$81.8K $7.32/SF

Area

Stark County, OH

Vacancy

3.50%

Lease Rate

$13.80 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,635,960

Cap Rate 7%

$1,168,543

Cap Rate 9%

$908,867

Alternative Uses

Best Use

Apartment 5plus

$1.17M

$1.02M – $1.36M (±1% cap)

NOI $81,798 @ 7.0% cap · market cap 5.84%

Second Best

—

—

no second resolved use

Theoretical Best

Retail

$2.92M

$2.55M – $3.40M (±1% cap)

NOI $204,110 @ 7.0% cap · market cap 14.58%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Dental Office Law Firm Restaurant Spa & Massage Center Auto Parts Store Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

28

Businesses Nearby

Explore this area Business Placement

Demographics for 44685, OH

29,008

Population

11,422

Households

2.5

Avg Household Size

43

Median Age

42%

College-Educated

97%

High-School Grad

25.6 sq mi

ZIP Area

1,133

Density / Sq Mi

$100,094

Median Household Income

$56,884

Median Earnings

$1,346

Median Rent

$259,900

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Multifamily property - Well-maintained multifamily with tenant-paid utilities and HOA-covered exterior services in Uniontown, Ohio.

Where is this multifamily property located?

The property is located at 18-20 Pontius Uniontown, OH.

What is the asking price?

The asking price for this property is $1,400,000.

What are key features of this property?

This property features: Multifamily property built in 1980; Tenant‑paid utilities help keep operating expenses low; HOA‑covered exterior services reduce exterior maintenance expenses