Fully Occupied
For Sale
$109,900
3029 7th Street SW, Canton, OH 44710
ResidentialIncome, Canton, OH
Property Size1,192 SF
Lot Size0.07 Acres
Price / SF$92.20
Days on Market13
Property Features for 3029 7th Street SW
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 5, Bedroom 3, Laundry Room, Bedroom 4, Bathroom 2
Parking features
Driveway, Garage, Off Street
Subdivision
Canton
Elementary school district
Canton CSD - 7602
Middle school district
Canton CSD - 7602
High school district
Canton CSD - 7602
Directions
Whipple Ave to Raff Rd to Seventh St.
Standard status
Active
APN
00210309
Size
1,192 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
13109 75' SE
Tax Annual Amount
965
Legal Description
13109 75' SE
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1919
Floors in Building
2
Building materials
AluminumSiding, VinylSiding
Roof type
Asphalt, Fiberglass
Listing Agency:
EXP Realty, LLC.
(866) 212-4991
Listed By:
Amanda Mercier · License #2019006637
(330) 605-5143
Added: Sep 19
Changed: Sep 20
Last Checked: Oct 1 at 6:06PM
MLS# 5246530
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 duplex contains 1,192 square feet across two separate living spaces, each with its own entrance and functional room arrangement. The property is fully occupied, and the units are separately metered. Built in 1919, the structure features aluminum and vinyl siding, fiberglass and asphalt roofing, natural-gas forced-air heat, and central air conditioning.
The 0.074-acre property includes a garage, driveway, and off-street parking. Public water and public sewer serve the building. Its Canton setting places the duplex near Aultman Hospital, schools, shopping, local amenities, and major routes.
The 0.074-acre property includes a garage, driveway, and off-street parking. Public water and public sewer serve the building. Its Canton setting places the duplex near Aultman Hospital, schools, shopping, local amenities, and major routes.
Key Highlights
- Fully occupied duplex with two separate living spaces
- 1,192 square feet on a 0.074‑acre lot
- Separate entrances and individual utility metering
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
$9,971
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
9.07%
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%
$199,420
$199.4K
Cap Rate 7%
$142,443
$142.4K
Cap Rate 9%
$110,789
$110.8K
Market Conditions
NOI Build-Up for 1,192 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
$14.7K $12.36/SF
− Vacancy
−$489 −$0.41/SF
EGI
$14.2K $11.95/SF
− OpEx
−$4.3K −$3.58/SF
NOI
$10.0K $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%
$199,420
Cap Rate 7%
$142,443
Cap Rate 9%
$110,789
Alternative Uses
Best Use
Multifamily LT 5
$142.4K
$124.6K – $166.2K
NOI $9,971 @ 7.0% cap · market cap 9.07%
Second Best
Apartment 5plus
$124.7K
$109.1K – $145.5K
NOI $8,731 @ 7.0% cap · market cap 7.94%
Theoretical Best
Retail
$311.2K
$272.3K – $363.1K
NOI $21,785 @ 7.0% cap · market cap 19.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,018
Businesses Nearby
Explore this area
Business Placement
Demographics for 44710, OH
9,309
Population
4,001
Households
2.3
Avg Household Size
37
Median Age
14%
College-Educated
90%
High-School Grad
2.2 sq mi
ZIP Area
4,231
Density / Sq Mi
$50,453
Median Household Income
$35,733
Median Earnings
$921
Median Rent
$101,400
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-unit property with separate entrances, individual utility metering, and a combination of garage, driveway, and off-street parking.
Where is this duplex located?
The property is located at 3029 7th Street SW Canton, OH.
What is the asking price?
The asking price for this property is $109,900.
What are key features of this property?
This property features: Fully occupied duplex with two separate living spaces; 1,192 square feet on a 0.074‑acre lot; Separate entrances and individual utility metering
