Brick Ranch
For Sale
$235,000
7600 Peyton St Nw, Massillon, OH 44646
Two occupied units include separate utility metering, basement laundry and storage, and private rear patios.
Property Size2,547 SF
Price / SF$92.27
Days on Market10
Property Features for 7600 Peyton St Nw
General Information
Standard status
Active
Size
2,547 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Individually Metered Utilities
unspecified utilities
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$2,304
Amenities
laundry
storage
patio
yard
Building Details
Construction
brick
Tenancy
Multi
Listing Agency:
Berkshire Hathaway HomeServices Simon & Salhany Realty
(330) 929-0707
Listed By:
Tony Vallee · License #2016001507
(330) 730-2151
Source:
Exprealty
Added: Oct 16
Changed: Oct 25
Last Checked: Oct 25 at 2:48AM
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 Berkshire Hathaway HomeServices Simon & Salhany Realty
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Investment Insights
Based on property information with market context.
This brick ranch duplex contains two units, each with two bedrooms, a living room, an eat-in kitchen, and a full bath on the main floor. Both units also have basements with separate laundry and storage areas, along with rear patios and access to a private yard. The property totals 2,547 square feet.
Both units are rented month to month. Utilities are separately metered; tenants pay utilities other than property taxes and sewer, which are paid by the landlord. The property is in the Jackson Local School District.
Both units are rented month to month. Utilities are separately metered; tenants pay utilities other than property taxes and sewer, which are paid by the landlord. The property is in the Jackson Local School District.
Key Highlights
- Two‑unit brick ranch with 2,547 square feet
- Each unit has 2 bedrooms, a living room, an eat‑in kitchen, and a full bath
- Basements provide separate laundry and storage for both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,305
Cap Rate
9.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$426,100
$426.1K
Cap Rate 7%
$304,357
$304.4K
Cap Rate 9%
$236,722
$236.7K
Market Conditions
NOI Build-Up for 2,547 SF
Gross rent
$31.5K $12.36/SF
− Vacancy
−$1.0K −$0.41/SF
EGI
$30.4K $11.95/SF
− OpEx
−$9.1K −$3.58/SF
NOI
$21.3K $8.36/SF
Area
Stark County, OH
Vacancy
3.32%
Lease Rate
$12.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$426,100
Cap Rate 7%
$304,357
Cap Rate 9%
$236,722
Alternative Uses
Best Use
Multifamily LT 5
$304.4K
$266.3K – $355.1K
NOI $21,305 @ 7.0% cap · market cap 9.07%
Second Best
Apartment 5plus
$266.5K
$233.2K – $310.9K
NOI $18,655 @ 7.0% cap · market cap 7.94%
Theoretical Best
Retail
$665.0K
$581.9K – $775.8K
NOI $46,550 @ 7.0% cap · market cap 19.81%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
384
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
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two occupied units include separate utility metering, basement laundry and storage, and private rear patios.
Where is this duplex located?
The property is located at 7600 Peyton St Nw Massillon, OH.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Two‑unit brick ranch with 2,547 square feet; Each unit has 2 bedrooms, a living room, an eat‑in kitchen, and a full bath; Basements provide separate laundry and storage for both units
