Mixed-Use Property with
New
For Sale
$264,900
2241 Tuscarawas Street W, Canton, OH 44708
ResidentialIncome, Canton, OH
Property Size1,260 SF
Lot Size0.14 Acres
Price / SF$210.24
Days on Market2
Property Features for 2241 Tuscarawas Street W
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 6, Laundry Room, Basement, Bedroom 5
Parking features
On Street
Appliances
Range, Refrigerator
View
City
Elementary school district
Canton CSD - 7602
Middle school district
Canton CSD - 7602
High school district
Canton CSD - 7602
Directions
I-77 S to OH-43 N in Canton. Take the exit toward Belden Ave from US-30 E. Take Roshong Ave SE and Belden Ave SE to Tuscarawas St E.
Standard status
Active
APN
00245838
Size
1,260 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3008
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Water source
Public
Building Details
Year built
1921
Floors in Building
2
Building materials
Brick
Roof type
Asphalt, Membrane, Flat, Fiberglass
Listing Agency:
Century 21 Homestar · Century 21 Real Estate
(440) 449-9100
Listed By:
Anthony D Takacs · License #2014004742
(440) 567-8047
Added: Sep 25
Last Checked: Sep 26 at 2:06AM
MLS# 5248107
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 mixed-use property pairs a retail building with a brick side-by-side duplex. Each apartment has three bedrooms and one bathroom. Recent work to the duplex includes a roof and vinyl windows installed in 2025, along with updates to electrical panels, kitchens, bathrooms, flooring, and paint. Gas and electricity are separately metered for each unit. The property was built in 1921 and sits on a 0.14-acre parcel.
The retail space is occupied by a cell phone sales and repair business under a lease that runs through 2029. The property is near an I-77 exit, with reported traffic of 22,337 vehicles per day in front of the site and more than 93,000 vehicles per day at the freeway exit. Nearby businesses include Walmart, CVS, Giant Eagle, UPS, and Five Below.
The retail space is occupied by a cell phone sales and repair business under a lease that runs through 2029. The property is near an I-77 exit, with reported traffic of 22,337 vehicles per day in front of the site and more than 93,000 vehicles per day at the freeway exit. Nearby businesses include Walmart, CVS, Giant Eagle, UPS, and Five Below.
Key Highlights
- Brick side‑by‑side duplex with 3 bedrooms and 1 bathroom in each unit
- Retail space leased to a cell phone sales and repair business through 2029
- Duplex roof and vinyl windows installed in 2025
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
$23,028
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
8.69%
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%
$460,560
$460.6K
Cap Rate 7%
$328,971
$329.0K
Cap Rate 9%
$255,867
$255.9K
Market Conditions
NOI Build-Up for 1,260 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
$34.0K $27.00/SF
− Vacancy
−$1.1K −$0.89/SF
EGI
$32.9K $26.11/SF
− OpEx
−$9.9K −$7.83/SF
NOI
$23.0K $18.28/SF
Area
Stark County, OH
Vacancy
3.30%
Lease Rate
$27.00 /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%
$460,560
Cap Rate 7%
$328,971
Cap Rate 9%
$255,867
Alternative Uses
Best Use
Retail
$329.0K
$287.9K – $383.8K
NOI $23,028 @ 7.0% cap · market cap 8.69%
Second Best
Multifamily LT 5
$150.6K
$131.8K – $175.7K
NOI $10,540 @ 7.0% cap · market cap 3.98%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
22,337 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
978
Businesses Nearby
Explore this area
Business Placement
Demographics for 44708, OH
25,386
Population
11,758
Households
2.2
Avg Household Size
44
Median Age
27%
College-Educated
93%
High-School Grad
10.1 sq mi
ZIP Area
2,513
Density / Sq Mi
$60,159
Median Household Income
$37,217
Median Earnings
$926
Median Rent
$164,500
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?
Mixed-use property - A leased retail storefront and a renovated, two-unit brick residence occupy the same parcel.
Where is this mixed-use property located?
The property is located at 2241 Tuscarawas Street W Canton, OH.
What is the asking price?
The asking price for this property is $264,900.
What are key features of this property?
This property features: Brick side‑by‑side duplex with 3 bedrooms and 1 bathroom in each unit; Retail space leased to a cell phone sales and repair business through 2029; Duplex roof and vinyl windows installed in 2025
