Mixed-Use Apartment and
For Sale
Contact for pricing
3727 LINCOLN WAY E, Massillon, OH 44646
B-2 zoned property with four apartments and commercial office space in Perry Township.
Property Size2,376 SF
Price / SF$208.33
Days on Market99
Property Features for 3727 LINCOLN WAY E
General Information
Standard status
Active
Size
2,376 SF
Property subtype
Retail, Mixed Use
Zoning
B2
Occupancy
60%
Additional Details
Business Included
Yes
Multifamily Units
4
Building Details
Year Built
1917
Stories
2
Units
5
Tenancy
Multi
Listing Agency:
Howard Hanna Real Estate Services Inc Canton
Listed By:
Rachel Robinson · License #C2017001731
Source:
Crexi
Added: Jul 5
Changed: Sep 10
Last Checked: Oct 9 at 4:59PM
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 Howard Hanna Real Estate Services Inc Canton
Investment Insights
Based on property information with market context.
This mixed-use, B-2 zoned commercial property includes four income-producing apartments plus an attached commercial office space, creating a combined residential and workspace setup. The building is positioned to support an investor seeking rental income while also offering the option for an owner-user to operate from the office component.
The property is located in Perry Township within the Perry Local School District. Public remarks note strong visibility and high traffic, which can support day-to-day office access and tenant exposure.
Additionally, an adjacent property is available for purchase, offering a path to expansion, redevelopment, or larger-scale commercial development should a buyer choose to combine sites.
The property is located in Perry Township within the Perry Local School District. Public remarks note strong visibility and high traffic, which can support day-to-day office access and tenant exposure.
Additionally, an adjacent property is available for purchase, offering a path to expansion, redevelopment, or larger-scale commercial development should a buyer choose to combine sites.
Key Highlights
- B‑2 zoned commercial property in Perry Township within the Perry Local School District
- Year built: 1917
- Features four income‑producing apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,708
Cap Rate
5.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$574,160
$574.2K
Cap Rate 7%
$410,114
$410.1K
Cap Rate 9%
$318,978
$319.0K
Market Conditions
NOI Build-Up for 2,376 SF
Gross rent
$51.0K $21.48/SF
− Vacancy
−$12.8K −$5.37/SF
EGI
$38.3K $16.11/SF
− OpEx
−$9.6K −$4.03/SF
NOI
$28.7K $12.08/SF
Area
Stark County, OH
Vacancy
25.00%
Lease Rate
$21.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$574,160
Cap Rate 7%
$410,114
Cap Rate 9%
$318,978
Alternative Uses
Best Use
Office B
$410.1K
$358.9K – $478.5K
NOI $28,708 @ 7.0% cap · market cap 5.80%
Second Best
Multifamily LT 5
$283.9K
$248.4K – $331.3K
NOI $19,875 @ 7.0% cap · market cap 4.02%
Theoretical Best
Retail
$620.3K
$542.8K – $723.7K
NOI $43,424 @ 7.0% cap · market cap 8.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
299
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Quadplex - B-2 zoned property with four apartments and commercial office space in Perry Township.
Where is this quadplex located?
The property is located at 3727 LINCOLN WAY E Massillon, OH.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: B‑2 zoned commercial property in Perry Township within the Perry Local School District; Year built: 1917; Features four income‑producing apartments
