24-Unit Multifamily Investment
For Sale
Contact for pricing
Pending
3100 Beal St NW, Warren, OH 44485
Garden-style apartment building with strong income and growth potential.
Property Size24,465 SF
Days on Market168
Property Features for 3100 Beal St NW
General Information
Standard status
Pending
Size
24,465 SF
Property subtype
Multifamily
Occupancy
96%
Building Details
Year Built
1974
Buildings
2
Stories
3
Units
24
Listing Agency:
Russell Commercial Advisory
Listed By:
Tal Tamir · License #OH 2018001908
Source:
Crexi
Added: Feb 25
Changed: Aug 8
Last Checked: Aug 5 at 6:41AM
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 Russell Commercial Advisory
Investment Insights
Based on property information with market context.
The Beal St Apartments, constructed in 1974, is a 24-unit garden-style multifamily property located in Warren, Ohio. The property is currently 96% occupied, with only one vacancy. The average rent is $809 per unit per month. The tenant mix includes LG, which leases 14 of the 24 units. The property generated $189,881 in trailing-twelve-month net operating income (NOI) on $230,968 in effective gross income. The trailing-three-month annualized NOI is $200,529. Total operating expenses for the trailing twelve months were $41,087. Factoring in professional management at 6% of effective gross income, the year-one proforma NOI holds at $189,871. The property is situated in the Warren-Lordstown corridor, where Kimberly-Clark is investing approximately $960 million in a new manufacturing plant and distribution center, expected to bring 491 to 600 jobs by the end of 2026. Ultium Cells operates a $2.3 billion battery plant in Lordstown with 1,700 employees. SoftBank is investing $3 billion to convert the former GM Lordstown Assembly into an AI manufacturing facility. The state has committed $17.4 million in road infrastructure upgrades around the corridor. The property size is 24465 square feet.
Key Highlights
- High 96% occupancy and strong income with a 9.49% cap rate.
- Significant economic development in the Warren‑Lordstown corridor driving housing demand.
- Offered at an attractive price of $83,333 per unit.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
184
Businesses Nearby
Explore this area
Business Placement
Demographics for 44485, OH
15,172
Population
7,640
Households
2
Avg Household Size
39
Median Age
15%
College-Educated
82%
High-School Grad
7.8 sq mi
ZIP Area
1,945
Density / Sq Mi
$33,720
Median Household Income
$30,225
Median Earnings
$818
Median Rent
$73,600
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?
Apartment building - Garden-style apartment building with strong income and growth potential.
Where is this apartment building located?
The property is located at 3100 Beal St NW Warren, OH.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: High 96% occupancy and strong income with a 9.49% cap rate.; Significant economic development in the Warren‑Lordstown corridor driving housing demand.; Offered at an attractive price of $83,333 per unit.
