Duplex with Finished
New
For Sale
$225,000
316 Pershing Avenue NW, Massillon, OH 44646
ResidentialIncome, Massillon, OH
Property Size2,100 SF
Lot Size0.31 Acres
Price / SF$107.14
Days on Market1
Property Features for 316 Pershing Avenue NW
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Laundry Room, Bedroom 3, Bedroom 4, Bedroom 1, Basement, Bathroom 2, Bedroom 2
Parking features
Garage
Window features
Aluminum Frames
Subdivision
Westland Park
Lot features
Back Yard
Elementary school district
Perry LSD Stark- 7614
Middle school district
Perry LSD Stark- 7614
High school district
Perry LSD Stark- 7614
Directions
From I77 exit onto E Tuscarawas and head West, make a right turn on Pershing Ave NW property is on the Right
Standard status
Active
APN
04316795
Size
2,100 SF
Lot size
0.31 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
79 WH;80-30'SS WESTLAND PARK
Tax Annual Amount
2639
Legal Description
79 WH;80-30'SS WESTLAND PARK
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1969
Floors in Building
1
Building materials
Brick
Roof type
Asphalt
Listing Agency:
Keller Williams Legacy Group Realty · Keller Williams Realty
(330) 433-6005
Listed By:
Annabelle Lakota · License #2021001316
(330) 299-9039
Added: Sep 2
Last Checked: Sep 2 at 6:06PM
MLS# 5241677
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 2,100 square feet within a two-unit configuration, with each residence offering two bedrooms and one full bathroom. Finished basement areas add usable space to both units, while brick construction, asphalt roofing, natural-gas heat, and window-unit cooling provide the primary building systems. The property was built in 1969 and includes garage parking.
Set on 0.3099 acres at 316 Pershing Avenue NW in Massillon, the property has a large backyard and is positioned near stores and highway access. Public water and public sewer serve the building. Both units are currently occupied, providing an existing residential income setup for a new owner.
Set on 0.3099 acres at 316 Pershing Avenue NW in Massillon, the property has a large backyard and is positioned near stores and highway access. Public water and public sewer serve the building. Both units are currently occupied, providing an existing residential income setup for a new owner.
Key Highlights
- Two‑unit duplex with 2,100 square feet of property area
- Each unit includes 2 bedrooms and 1 full bath
- Finished basement space in both units
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
$17,566
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
7.81%
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%
$351,320
$351.3K
Cap Rate 7%
$250,943
$250.9K
Cap Rate 9%
$195,178
$195.2K
Market Conditions
NOI Build-Up for 2,100 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
$26.0K $12.36/SF
− Vacancy
−$862 −$0.41/SF
EGI
$25.1K $11.95/SF
− OpEx
−$7.5K −$3.58/SF
NOI
$17.6K $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%
$351,320
Cap Rate 7%
$250,943
Cap Rate 9%
$195,178
Alternative Uses
Best Use
Multifamily LT 5
$250.9K
$219.6K – $292.8K
NOI $17,566 @ 7.0% cap · market cap 7.81%
Second Best
Apartment 5plus
$219.7K
$192.3K – $256.4K
NOI $15,381 @ 7.0% cap · market cap 6.84%
Theoretical Best
Retail
$548.3K
$479.8K – $639.7K
NOI $38,380 @ 7.0% cap · market cap 17.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
320
Businesses Nearby
Explore this area
Business Placement
Demographics for 44646, OH
47,973
Population
20,817
Households
2.3
Avg Household Size
42
Median Age
25%
College-Educated
94%
High-School Grad
28.8 sq mi
ZIP Area
1,666
Density / Sq Mi
$66,767
Median Household Income
$41,021
Median Earnings
$883
Median Rent
$181,600
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?
Duplex - Brick residential income property with garage parking, public utilities, and occupied units offering two-bedroom layouts.
Where is this duplex located?
The property is located at 316 Pershing Avenue NW Massillon, OH.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,100 square feet of property area; Each unit includes 2 bedrooms and 1 full bath; Finished basement space in both units
