Well-Maintained Multifamily
For Sale
Contact for pricing
18-20 Pontius, Uniontown, OH 44685
Well-maintained multifamily with tenant-paid utilities and HOA-covered exterior services in Uniontown, Ohio.
Property Size11,168 SF
Price / SF$134.31
Days on Market59
Property Features for 18-20 Pontius
General Information
Standard status
Active
Size
11,168 SF
Property subtype
Multifamily
Zoning
R1
Occupancy
91%
Investment Type
Value Add
Net Operating Income
$94,464
Building Details
Year Built
1980
Buildings
6
Units
12
Tenancy
Multi
Listing Agency:
NAI Spring
(330) 966-8800
Listed By:
Kelly Sober, CCIM · License #OH SAL.2018003046
Source:
Crexi
Added: Jun 29
Changed: Aug 23
Last Checked: Aug 25 at 1:11PM
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 NAI Spring
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.
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 = 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
$81,798
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
5.45%
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%
$1,635,960
$1.6M
Cap Rate 7%
$1,168,543
$1.2M
Cap Rate 9%
$908,867
$908.9K
Market Conditions
NOI Build-Up for 11,168 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
$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 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%
$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
NOI $81,798 @ 7.0% cap · market cap 5.45%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$2.92M
$2.55M – $3.40M
NOI $204,110 @ 7.0% cap · market cap 13.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Questions? Ask Rey
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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 $1,500,000.
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
