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Three-Unit Residential Building
New
For Sale
$120,000

512 Shorb Ave Nw, Canton, OH 44703

All three rental units are occupied, with tenants paying their own utilities.

Property Size2,388 SF
Price / SF$50.25
Days on Market5

Property Features for 512 Shorb Ave Nw

General Information

Standard status Active
Size 2,388 SF
Property subtype Residential Income
Occupancy 100%

Additional Details

Gross Income $24,660
Public Transit Yes
Multifamily Units 3

Taxes and HOA fees

Annual Taxes $1,263

Building Details

Buildings 1
Tenancy Multi
Listing Agency: 1st Cavalry Homes Real Estate & Property Mgmt.
Listed By: Joshua Cowan
Source: Exprealty
Added: Oct 12 Changed: Oct 15 Last Checked: Oct 16 at 10:11AM

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 1st Cavalry Homes Real Estate & Property Mgmt.

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Investment Insights

Based on property information with market context.

This residential income property contains three rental units totaling 2,388 square feet. The building is fully occupied, and utilities are paid by tenants.

Located at 512 Shorb Ave Nw in Canton, the property is described as near shopping, dining, public transportation, and major commuter routes. An additional tenant-occupied single-family rental in Akron is also available for purchase, offering a separate acquisition option.

Key Highlights

  • Three rental units totaling 2,388 square feet
  • Fully occupied at the time of listing
  • Tenants pay utilities

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Hair Salon Dental Office Nail Salon (Bike/Boat/Book/etc) Store Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,750
Businesses Nearby

Demographics for 44703, OH

8,015
Population
4,600
Households
1.7
Avg Household Size
35
Median Age
14%
College-Educated
83%
High-School Grad
1.1 sq mi
ZIP Area
7,286
Density / Sq Mi
$31,950
Median Household Income
$27,925
Median Earnings
$838
Median Rent
$78,100
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 Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Triplex - All three rental units are occupied, with tenants paying their own utilities.
Where is this triplex located?
The property is located at 512 Shorb Ave Nw Canton, OH.
What is the asking price?
The asking price for this property is $120,000.
What are key features of this property?
This property features: Three rental units totaling 2,388 square feet; Fully occupied at the time of listing; Tenants pay utilities
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