Side-by-Side Triplex with
New
For Sale
$449,900
3617-3621 Charring Cross Drive, Stow, OH 44224
ResidentialIncome, Stow, OH
Property Size3,600 SF
Lot Size0.30 Acres
Price / SF$124.97
Days on Market3
Property Features for 3617-3621 Charring Cross Drive
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
6
Bathrooms
6
Full bathrooms
3
Half bathrooms
3
Rooms
Bathroom 1, Bathroom 5, Bedroom 6, Bathroom 4, Bathroom 6, Bedroom 4, Bedroom 5, Bathroom 3, Basement, Bedroom 2, Bathroom 2, Bedroom 1, Laundry Room, Bedroom 3
Parking features
Parking Lot, Garage, Driveway
Appliances
Dryer, Dishwasher, Range, Refrigerator, Washer
Subdivision
Northport Sub
Elementary school district
Stow-Munroe Falls CS - 7714
Middle school district
Stow-Munroe Falls CS - 7714
High school district
Stow-Munroe Falls CS - 7714
Directions
Graham Rd to Charring Cross. First driveway on the right
Standard status
Active
APN
5613862
Size
3,600 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
NORTHPORT SUBDN #2 LOT 100 ALL LESS E 9.06 FT & PT FOR HGWY
Tax Annual Amount
6548
Legal Description
NORTHPORT SUBDN #2 LOT 100 ALL LESS E 9.06 FT & PT FOR HGWY
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1967
Floors in Building
2
Building materials
AluminumSiding
Roof type
Asphalt, Fiberglass
Listing Agency:
Keller Williams Chervenic Rlty · Keller Williams Realty
(330) 686-1644
Listed By:
Brent Chervenic · License #2016005644
(330) 802-0899
Added: Sep 10
Last Checked: Sep 12 at 5:06AM
MLS# 5243935
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.
Located at 3617-3621 Charring Cross Drive in Stow, this 3,600-square-foot triplex contains three side-by-side units of approximately 1,200 square feet each. Every residence includes two bedrooms, 1.5 bathrooms, a family room, dining area connected to the kitchen, and a private full-size unfinished basement. Updated full bathrooms are positioned on the upper level, while half bathrooms serve the main levels.
The property sits on 0.2957 acres and includes a three-car garage, with one garage space assigned to each unit, plus an additional parking space. Separate gas and electric meters support individual utility management. Built in 1967, the building has aluminum siding, asphalt and fiberglass roofing, forced-air natural gas heat, central air, public water, and public sewer. The property is owner-occupied and described as being in excellent condition.
The property sits on 0.2957 acres and includes a three-car garage, with one garage space assigned to each unit, plus an additional parking space. Separate gas and electric meters support individual utility management. Built in 1967, the building has aluminum siding, asphalt and fiberglass roofing, forced-air natural gas heat, central air, public water, and public sewer. The property is owner-occupied and described as being in excellent condition.
Key Highlights
- Three side‑by‑side units, each with approximately 1,200 square feet, 2 bedrooms, and 1.5 bathrooms
- 3,600 total square feet on a 0.2957‑acre lot
- Three‑car garage with one space per unit, plus an additional parking space
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
$32,968
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
7.33%
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%
$659,360
$659.4K
Cap Rate 7%
$470,971
$471.0K
Cap Rate 9%
$366,311
$366.3K
Market Conditions
NOI Build-Up for 3,600 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
$49.7K $13.80/SF
− Vacancy
−$2.6K −$0.72/SF
EGI
$47.1K $13.08/SF
− OpEx
−$14.1K −$3.92/SF
NOI
$33.0K $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 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%
$659,360
Cap Rate 7%
$470,971
Cap Rate 9%
$366,311
Alternative Uses
Best Use
Multifamily LT 5
$471.0K
$412.1K – $549.5K
NOI $32,968 @ 7.0% cap · market cap 7.33%
Second Best
Apartment 5plus
$412.3K
$360.8K – $481.0K
NOI $28,862 @ 7.0% cap · market cap 6.42%
Theoretical Best
Office A
$883.5K
$773.0K – $1.03M
NOI $61,843 @ 7.0% cap · market cap 13.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
70
Businesses Nearby
Explore this area
Business Placement
Demographics for 44224, OH
38,709
Population
16,826
Households
2.3
Avg Household Size
42
Median Age
49%
College-Educated
96%
High-School Grad
20.4 sq mi
ZIP Area
1,898
Density / Sq Mi
$91,096
Median Household Income
$48,624
Median Earnings
$1,190
Median Rent
$243,500
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
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Frequently Asked Questions
What type of property is this?
Triplex - Three well-maintained units offer private basements, separate utilities, and dedicated garage parking in Stow.
Where is this triplex located?
The property is located at 3617-3621 Charring Cross Drive Stow, OH.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Three side‑by‑side units, each with approximately 1,200 square feet, 2 bedrooms, and 1.5 bathrooms; 3,600 total square feet on a 0.2957‑acre lot; Three‑car garage with one space per unit, plus an additional parking space
