40-Unit Garden-Style Apartment
New
For Sale
Contact for pricing
450-528 Waterside Ave, Canal Fulton, OH 44614
Two-story walk-up buildings provide private outdoor space for every apartment.
Property Size34,324 SF
Lot Size3.46 Acres
Days on Market4
Property Features for 450-528 Waterside Ave
General Information
Standard status
Active
Size
34,324 SF
Elevators
No
Lot size
3.46 Acres
Property subtype
Multifamily
Additional Details
Utilities to Site
Yes
Multifamily Units
40
Building Details
Building Size
34,324 SF
Year Built
1979
Year Renovated
1999
Buildings
2
Stories
2
Construction
garden-style
Listing Agency:
SVN Summit Commercial Real Estate Advisors
Listed By:
Nichole Booker, PhD · License #SAL.2018004350
(330) 475-5500
Source:
Svnsummitcommercial
Added: Sep 9
Last Checked: Sep 11 at 8:00AM
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 SVN Summit Commercial Real Estate Advisors
Investment Insights
Based on property information with market context.
Waterside Estates is a 40-unit garden-style apartment community occupying a 3.46-acre lakeside parcel at 450-528 Waterside Ave in Canal Fulton, Ohio. The property consists of two two-story, low-rise walk-up buildings constructed in 1979, with a Stark County effective year built of 1999 reflecting substantial renovation. Each apartment has an individual entrance and a private patio or balcony, while the community operates without elevators or interior corridors.
All 40 apartments are covered by one project-based Section 8 Housing Assistance Payments contract with HUD. The agreement has approximately 8.7 years remaining through January 31, 2035, and includes annual OCAF adjustments. Contract rents reset upward effective February 1, 2026. Utilities are owner-paid, and every apartment is individually metered. Windows have been replaced in more than 75% of the units under current ownership, and roughly one third of residents have remained in place for ten years or more.
All 40 apartments are covered by one project-based Section 8 Housing Assistance Payments contract with HUD. The agreement has approximately 8.7 years remaining through January 31, 2035, and includes annual OCAF adjustments. Contract rents reset upward effective February 1, 2026. Utilities are owner-paid, and every apartment is individually metered. Windows have been replaced in more than 75% of the units under current ownership, and roughly one third of residents have remained in place for ten years or more.
Key Highlights
- 40‑unit apartment community on a 3.46‑acre lakeside parcel
- One project‑based Section 8 HAP contract covers 100% of units
- Approximately 8.7 years remain on the HAP contract through January 31, 2035
Property Analytics
Current Use
Lease Details
40
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
199
Businesses Nearby
Explore this area
Business Placement
Demographics for 44614, OH
12,922
Population
5,961
Households
2.2
Avg Household Size
44
Median Age
29%
College-Educated
96%
High-School Grad
22.8 sq mi
ZIP Area
567
Density / Sq Mi
$83,143
Median Household Income
$47,580
Median Earnings
$932
Median Rent
$201,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Two-story walk-up buildings provide private outdoor space for every apartment.
Where is this apartment building located?
The property is located at 450-528 Waterside Ave Canal Fulton, OH.
What are key features of this property?
This property features: 40‑unit apartment community on a 3.46‑acre lakeside parcel; One project‑based Section 8 HAP contract covers 100% of units; Approximately 8.7 years remain on the HAP contract through January 31, 2035
