Tenant-Occupied
New
For Sale
$222,000
3208 Pleasant Drive, Norton, OH 44203
ResidentialIncome, Norton, OH
Property Size1,768 SF
Lot Size0.44 Acres
Price / SF$125.57
Days on Market4
Property Features for 3208 Pleasant Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Basement, Bedroom 3, Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1
Parking features
Driveway, Garage
Subdivision
Wenner
Elementary school district
Norton CSD - 7711
Middle school district
Norton CSD - 7711
High school district
Norton CSD - 7711
Directions
S Cleveland Massilion to Pleasant
Standard status
Active
APN
4605757
Size
1,768 SF
Lot size
0.44 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
WENNER LOT 12 ALL & LOT 11 PT
Tax Annual Amount
2641
Legal Description
WENNER LOT 12 ALL & LOT 11 PT
Utilities
Sewer type
Septic Tank
Heating system
Natural Gas, Forced Air
Cooling system
Window Unit(s)
Water source
Well
Building Details
Year built
1960
Floors in Building
2
Building materials
VinylSiding
Roof type
Fiberglass, Asphalt
Listing Agency:
RE/MAX Oasis Dream Homes · RE/MAX International
(330) 331-5375
Listed By:
Vir Maharaj · License #2019004009
(330) 687-5285
Added: Oct 20
Last Checked: Oct 23 at 2:06AM
MLS# 5254324
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.
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Investment Insights
Based on property information with market context.
This 1,768-square-foot duplex in Norton, Ohio, was built in 1960 and has tenants in both units. A roof replacement was completed in 2025, with a transferable warranty, and the electrical panels were replaced in 2023. The property also includes a garage and driveway parking.
The 0.4408-acre property is served by a private well and septic system. Heating is forced-air natural gas, and cooling is provided by window units.
The 0.4408-acre property is served by a private well and septic system. Heating is forced-air natural gas, and cooling is provided by window units.
Key Highlights
- Both units are currently tenant‑occupied
- Roof replaced in 2025; transferable warranty
- Electrical panels replaced in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,191
Cap Rate
7.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$323,820
$323.8K
Cap Rate 7%
$231,300
$231.3K
Cap Rate 9%
$179,900
$179.9K
Market Conditions
NOI Build-Up for 1,768 SF
Gross rent
$24.4K $13.80/SF
− Vacancy
−$1.3K −$0.72/SF
EGI
$23.1K $13.08/SF
− OpEx
−$6.9K −$3.92/SF
NOI
$16.2K $9.16/SF
Area
Summit County, OH
Vacancy
5.20%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$323,820
Cap Rate 7%
$231,300
Cap Rate 9%
$179,900
Alternative Uses
Best Use
Multifamily LT 5
$231.3K
$202.4K – $269.9K
NOI $16,191 @ 7.0% cap · market cap 7.29%
Second Best
Apartment 5plus
$202.5K
$177.2K – $236.2K
NOI $14,174 @ 7.0% cap · market cap 6.38%
Theoretical Best
Office A
$433.9K
$379.7K – $506.2K
NOI $30,372 @ 7.0% cap · market cap 13.68%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
301
Businesses Nearby
Explore this area
Business Placement
Demographics for 44203, OH
39,577
Population
18,198
Households
2.2
Avg Household Size
43
Median Age
21%
College-Educated
91%
High-School Grad
35.0 sq mi
ZIP Area
1,131
Density / Sq Mi
$59,124
Median Household Income
$36,954
Median Earnings
$832
Median Rent
$148,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residential units are leased, with a transferable warranty covering the 2025 roof replacement.
Where is this duplex located?
The property is located at 3208 Pleasant Drive Norton, OH.
What is the asking price?
The asking price for this property is $222,000.
What are key features of this property?
This property features: Both units are currently tenant‑occupied; Roof replaced in 2025; transferable warranty; Electrical panels replaced in 2023
