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48-Unit Apartment Portfolio
For Sale
$3,264,000

1944 Rowland Avenue NE, Canton, OH 44714

Eight brick buildings on one block offer a mix of townhomes and one- and two-bedroom apartments.

Property SizeContact for details
Days on Market53

Property Features for 1944 Rowland Avenue NE

General Information

Standard status Active
Property subtype Apartment

Additional Details

Multifamily Units 48
Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $50,765

Building Details

Year Built 1954
Buildings 8
Construction all-brick
Listing Agency: Keller Williams Legacy Group Realty
Listed By: Kristy Trentman · License #2019003291
Source: Lifestagesrealty
Added: Sep 10 Changed: Oct 26 Last Checked: Oct 30 at 10:27AM

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

Rey
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Investment Insights

Based on property information with market context.

This 48-unit multifamily portfolio comprises eight brick buildings, all situated on the same block. The inventory includes two-bedroom townhomes, one-bedroom apartments, and additional two-bedroom units; each unit has one full bath. The properties date to 1954 and have undergone remodeling and other improvements.

Across the portfolio, the unit mix totals 91 bedrooms. The concentrated arrangement of the buildings puts the entire collection within one block.

Key Highlights

  • 48 residential units across eight buildings
  • All eight brick buildings are located on the same block
  • Mix includes two‑bedroom townhomes, one‑bedroom units, and additional two‑bedroom apartments

Property Analytics

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Lease Details

48
Residential units

Location Intelligence

Trade Area within ½ mile

280
Businesses Nearby

Demographics for 44714, OH

8,923
Population
4,458
Households
2
Avg Household Size
42
Median Age
26%
College-Educated
93%
High-School Grad
2.6 sq mi
ZIP Area
3,432
Density / Sq Mi
$57,583
Median Household Income
$37,238
Median Earnings
$901
Median Rent
$143,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Eight brick buildings on one block offer a mix of townhomes and one- and two-bedroom apartments.
Where is this apartment building located?
The property is located at 1944 Rowland Avenue NE Canton, OH.
What is the asking price?
The asking price for this property is $3,264,000.
What are key features of this property?
This property features: 48 residential units across eight buildings; All eight brick buildings are located on the same block; Mix includes two‑bedroom townhomes, one‑bedroom units, and additional two‑bedroom apartments
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