Updated Duplex with Attached
For Sale
$329,900
3837-3839 Beech Hill Rd NW, North Canton, OH 44720
Two-bedroom units include finished lower-level space, patios, appliances, and laundry hookups.
Property Size3,024 SF
Lot Size0.40 Acres
Price / SF$109.09
Days on Market29
Property Features for 3837-3839 Beech Hill Rd NW
General Information
Standard status
Active
Size
3,024 SF
Total Parking Spaces
2
Lot size
0.40 Acres
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1.5BA
Multifamily Units
2
Parking per Unit
1
Building Details
Year Built
1969
Buildings
1
Construction
all-brick
Listing Agency:
Keller Williams Legacy Group Realty
(330) 595-9811
Listed By:
Jose Medina · License #2002013465
Source:
Groganzeiger
Added: Aug 2
Changed: Aug 29
Last Checked: Aug 29 at 2:11PM
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 Keller Williams Legacy Group Realty
Investment Insights
Based on property information with market context.
Built in 1969, this 3,024-square-foot duplex contains two residential units, each with two bedrooms, a full bathroom, a half bath, an eat-in kitchen, and a living room. Both sides also offer an attached one-car garage, concrete patio, finished recreation area, unfinished storage, laundry hookups, and a water softener. Kitchen appliances are included.
The property occupies 0.40 acres at 3837-3839 Beech Hill Rd NW in North Canton, Ohio, within Lake Township and the North Canton CSD. Exterior improvements include replacement windows and a new roof completed in 2021, along with painted exterior trim in 2022. Interior updates within the last five years include appliances, finishes, a tub surround, a screen door, and interior paint across the two units.
The property occupies 0.40 acres at 3837-3839 Beech Hill Rd NW in North Canton, Ohio, within Lake Township and the North Canton CSD. Exterior improvements include replacement windows and a new roof completed in 2021, along with painted exterior trim in 2022. Interior updates within the last five years include appliances, finishes, a tub surround, a screen door, and interior paint across the two units.
Key Highlights
- Two‑unit duplex totaling 3,024 SF on a 0.40‑acre lot
- Each unit includes an attached 1‑car garage and concrete patio
- Both units offer 2 bedrooms, a full bath, and a half bath
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
$25,295
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
7.67%
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%
$505,900
$505.9K
Cap Rate 7%
$361,357
$361.4K
Cap Rate 9%
$281,056
$281.1K
Market Conditions
NOI Build-Up for 3,024 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
$37.4K $12.36/SF
− Vacancy
−$1.2K −$0.41/SF
EGI
$36.1K $11.95/SF
− OpEx
−$10.8K −$3.58/SF
NOI
$25.3K $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%
$505,900
Cap Rate 7%
$361,357
Cap Rate 9%
$281,056
Alternative Uses
Best Use
Multifamily LT 5
$361.4K
$316.2K – $421.6K
NOI $25,295 @ 7.0% cap · market cap 7.67%
Second Best
Apartment 5plus
$316.4K
$276.9K – $369.2K
NOI $22,149 @ 7.0% cap · market cap 6.71%
Theoretical Best
Retail
$789.5K
$690.9K – $921.1K
NOI $55,268 @ 7.0% cap · market cap 16.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
306
Businesses Nearby
Explore this area
Business Placement
Demographics for 44720, OH
40,744
Population
17,988
Households
2.3
Avg Household Size
43
Median Age
42%
College-Educated
97%
High-School Grad
34.3 sq mi
ZIP Area
1,188
Density / Sq Mi
$81,045
Median Household Income
$46,587
Median Earnings
$977
Median Rent
$233,800
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 - Two-bedroom units include finished lower-level space, patios, appliances, and laundry hookups.
Where is this duplex located?
The property is located at 3837-3839 Beech Hill Rd NW North Canton, OH.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: Two‑unit duplex totaling 3,024 SF on a 0.40‑acre lot; Each unit includes an attached 1‑car garage and concrete patio; Both units offer 2 bedrooms, a full bath, and a half bath
