Updated
603 SE Wellman Avenue SE, Massillon, OH 44646
For Sale
New
$185,000
ResidentialIncome, Massillon, OH
Property Size2,324 SF
Lot Size0.17 Acres
Price / SF$79.60
Days on Market2
Property Features for 603 SE Wellman Avenue SE
General Information
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Bedrooms
Bathrooms
Full bathrooms
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Parking features
Interior features
Appliances
Subdivision
Elementary school district
Middle school district
High school district
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Standard status
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Size
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Additional Details
Tenant in Place
Taxes and HOA fees
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Sewer type
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Water source
Building Details
Year built
Floors in Building
Building materials
Roof type
Listing Agency:
EXP Realty, LLC.
(866) 212-4991
Listed By:
Dayna Edwards · License OH #2019002006
(330) 268-0876
Added: Nov 8
Changed: Nov 9
Last Checked: Nov 9 at 7:06PM
MLS# 5259540
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,324-square-foot duplex, built in 1892, sits on a 0.1722-acre lot. The left residence has been remodeled and is vacant; the right residence is tenant-occupied under a lease extending through October 2027.
Property improvements include replacement windows, plumbing updates, a sump pump, water heater, and new flooring in both units, with carpet, LVP, and tile. Kitchen cabinetry, countertops, and sink have also been updated, along with bathroom fixtures and lighting in most areas. The property has natural gas forced-air heat, window-unit cooling, a driveway, public water, and public sewer.
Property improvements include replacement windows, plumbing updates, a sump pump, water heater, and new flooring in both units, with carpet, LVP, and tile. Kitchen cabinetry, countertops, and sink have also been updated, along with bathroom fixtures and lighting in most areas. The property has natural gas forced-air heat, window-unit cooling, a driveway, public water, and public sewer.
Key Highlights
- 2,324‑square‑foot duplex on a 0.1722‑acre lot
- Built in 1892
- Remodeled left unit is vacant; right unit is occupied under lease through October 2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,022
Cap Rate
9.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$340,440
$340.4K
Cap Rate 7%
$243,171
$243.2K
Cap Rate 9%
$189,133
$189.1K
Market Conditions
NOI Build-Up for 2,324 SF
Gross rent
$32.1K $13.80/SF
− Vacancy
−$1.1K −$0.48/SF
EGI
$30.9K $13.32/SF
− OpEx
−$13.9K −$5.99/SF
NOI
$17.0K $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 Rate 5%
$340,440
Cap Rate 7%
$243,171
Cap Rate 9%
$189,133
Alternative Uses
Best Use
Multifamily LT 5
$277.7K
$243.0K – $324.0K
NOI $19,440 @ 7.0% cap · market cap 10.51%
Second Best
Apartment 5plus
$243.2K
$212.8K – $283.7K
NOI $17,022 @ 7.0% cap · market cap 9.20%
Theoretical Best
Retail
$606.8K
$530.9K – $707.9K
NOI $42,474 @ 7.0% cap · market cap 22.96%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
749
Businesses Nearby
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Business Placement
Demographics for 44646, OH
47,973
Population
20,817
Households
2.3
Avg Household Size
42
Median Age
25%
College-Educated
94%
High-School Grad
28.8 sq mi
ZIP Area
1,666
Density / Sq Mi
$66,767
Median Household Income
$41,021
Median Earnings
$883
Median Rent
$181,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Stark County, OH
Properties on Market for Duplexes in Stark County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - One residence is vacant following renovation, while the other has a tenant under lease through October 2027.
Where is this duplex located?
The property is located at 603 SE Wellman Avenue SE Massillon, OH.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: 2,324‑square‑foot duplex on a 0.1722‑acre lot; Built in 1892; Remodeled left unit is vacant; right unit is occupied under lease through October 2027
