Triplex with Separate
For Sale
$220,000
536 Beech Lane NW, New Philadelphia, OH 44663
Three ranch-style one-bedroom units include individual heating and cooling systems.
Property Size1,632 SF
Days on Market81
Property Features for 536 Beech Lane NW
General Information
Standard status
Active
Size
1,632 SF
Property subtype
Residential Income
Units
Unit Mix
3 x 1BR/1BA
Multifamily Units
3
Additional Details
Gross Income
$27,600
Taxes and HOA fees
Annual Taxes
$1,960
Building Details
Building Size
1,632 SF
Year Built
1978
Buildings
1
Stories
1
Construction
ranch-style
Listing Agency:
McInturf Realty
(330) 243-4060
Listed By:
Michelle L Decourcy
(330) 243-4060
Source:
Carolgoffrealestate
Added: Jun 12
Changed: Aug 31
Last Checked: Aug 31 at 5:13PM
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 McInturf Realty
Investment Insights
Based on property information with market context.
Built in 1978, this triplex contains three ranch-style one-bedroom, one-bath residences. Each unit has its own heating and cooling system, and the sale includes the appliances. Two units have newer water heaters, while another has received paint and flooring updates.
The property is located at 536 Beech Lane NW in New Philadelphia, Ohio. Residents occupy the units under month-to-month leases and pay their own electric service. Water, sewer, and trash are paid by the owner. Showings require 24 hours’ notice.
The property is located at 536 Beech Lane NW in New Philadelphia, Ohio. Residents occupy the units under month-to-month leases and pay their own electric service. Water, sewer, and trash are paid by the owner. Showings require 24 hours’ notice.
Key Highlights
- Three ranch‑style one‑bedroom, one‑bath units
- Individual heating and cooling systems in each unit
- Newer water heaters in two units
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
$13,497
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
6.14%
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%
$269,940
$269.9K
Cap Rate 7%
$192,814
$192.8K
Cap Rate 9%
$149,967
$150.0K
Market Conditions
NOI Build-Up for 1,632 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
$20.8K $12.72/SF
− Vacancy
−$1.5K −$0.91/SF
EGI
$19.3K $11.81/SF
− OpEx
−$5.8K −$3.54/SF
NOI
$13.5K $8.27/SF
Area
Tuscarawas County, OH
Vacancy
7.12%
Lease Rate
$12.72 /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%
$269,940
Cap Rate 7%
$192,814
Cap Rate 9%
$149,967
Alternative Uses
Best Use
Multifamily LT 5
$192.8K
$168.7K – $225.0K
NOI $13,497 @ 7.0% cap · market cap 6.14%
Second Best
Apartment 5plus
$170.8K
$149.5K – $199.3K
NOI $11,956 @ 7.0% cap · market cap 5.43%
Theoretical Best
Office A
$304.1K
$266.1K – $354.8K
NOI $21,289 @ 7.0% cap · market cap 9.68%
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
850
Businesses Nearby
Explore this area
Business Placement
Demographics for 44663, OH
25,601
Population
11,702
Households
2.2
Avg Household Size
43
Median Age
21%
College-Educated
91%
High-School Grad
96.2 sq mi
ZIP Area
266
Density / Sq Mi
$62,383
Median Household Income
$36,495
Median Earnings
$859
Median Rent
$177,100
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 ranch-style one-bedroom units include individual heating and cooling systems.
Where is this triplex located?
The property is located at 536 Beech Lane NW New Philadelphia, OH.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Three ranch‑style one‑bedroom, one‑bath units; Individual heating and cooling systems in each unit; Newer water heaters in two units
