24-Unit Multifamily Investment
3100 Beal St NW, Warren, OH 44485
Garden-style apartment building with strong income and growth potential.
Type:Multifamily
Property size:
24,465 SFPrice / SF:
$81/SF- Added:
- Feb 25, 2026
- Days on Market:
- 77
- Last Refresh:
- Mar 17 at 1:16 pm
Property Features for 3100 Beal St NW
General Information
- Standard status
- Active
- Size
- 24,465 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1974
Listing agent Tal Tamir License #OH 2018001908
Listing office Russell Commercial Advisory
Listing date Feb 25, 2026
Source Crexi
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
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.
- Reliable income stream with LG leasing 14 units.
- Low operating expenses at $41,087 for the trailing twelve.
- Garden‑style multifamily asset built in 1974.
Overview
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Warren
- County
- Trumbull
- State
- Ohio
- Longitude
- -80.862357
- Latitude
- 41.2576482
Nearby Similar for Sale
FAQs
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.
