Triplex with Private
For Sale
$309,900
4839 Arlington Road, North Canton, OH 44720
Three all-electric units include in-unit laundry and individual patio areas.
Property Size3,784 SF
Days on Market31
Property Features for 4839 Arlington Road
General Information
Standard status
Active
Size
3,784 SF
Total Parking Spaces
3
Property subtype
Residential Income
Property Condition
Severity
Repairs Needed
Evidence
The property does need some TLC
Units
Unit Mix
3 x 3BR/1.5BA
Multifamily Units
3
Parking per Unit
1
Taxes and HOA fees
Annual Taxes
$6,960
Amenities
in-unit laundry
fireplace
private patio
basement access
Building Details
Building Size
3,784 SF
Year Built
1979
Buildings
1
Listing Agency:
Tarter Realty
(330) 221-3585
Listed By:
Shirley Ryan · License #2008001912
(330) 221-3585
Source:
Carolgoffrealestate
Added: Jul 31
Changed: Aug 29
Last Checked: Aug 25 at 9:11AM
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 Tarter Realty
Investment Insights
Based on property information with market context.
This 3,784-square-foot triplex, built in 1979, contains three residential units. Each unit offers 3 bedrooms, 1.5 baths, private in-unit laundry, all-electric service, a 1-car garage, and a small private patio. One unit also includes a fireplace and separate basement access. The property needs some TLC, providing a renovation component for a future owner or investor.
Located at 4839 Arlington Rd in North Canton, the property is within the Green Local School District. Major capital items include a commercial-grade septic system installed in 2025 and a roof replaced in 2020.
Located at 4839 Arlington Rd in North Canton, the property is within the Green Local School District. Major capital items include a commercial-grade septic system installed in 2025 and a roof replaced in 2020.
Key Highlights
- Triplex with 3 units, each offering 3 bedrooms and 1.5 baths
- 3,784 square feet; built in 1979
- Each unit includes private in‑unit laundry, all‑electric service, a 1‑car garage, and a private patio
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
$27,715
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
8.94%
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%
$554,300
$554.3K
Cap Rate 7%
$395,929
$395.9K
Cap Rate 9%
$307,944
$307.9K
Market Conditions
NOI Build-Up for 3,784 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
$52.2K $13.80/SF
− Vacancy
−$1.8K −$0.48/SF
EGI
$50.4K $13.32/SF
− OpEx
−$22.7K −$5.99/SF
NOI
$27.7K $7.32/SF
Area
Stark County, OH
Vacancy
3.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
45.00%
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%
$554,300
Cap Rate 7%
$395,929
Cap Rate 9%
$307,944
Alternative Uses
Best Use
Multifamily LT 5
$452.2K
$395.7K – $527.5K
NOI $31,652 @ 7.0% cap · market cap 10.21%
Second Best
Apartment 5plus
$395.9K
$346.4K – $461.9K
NOI $27,715 @ 7.0% cap · market cap 8.94%
Theoretical Best
Retail
$988.0K
$864.5K – $1.15M
NOI $69,158 @ 7.0% cap · market cap 22.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
21
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?
Triplex - Three all-electric units include in-unit laundry and individual patio areas.
Where is this triplex located?
The property is located at 4839 Arlington Road North Canton, OH.
What is the asking price?
The asking price for this property is $309,900.
What are key features of this property?
This property features: Triplex with 3 units, each offering 3 bedrooms and 1.5 baths; 3,784 square feet; built in 1979; Each unit includes private in‑unit laundry, all‑electric service, a 1‑car garage, and a private patio
