Front-Porch
New
For Sale
$132,500
837 Parkview Street NE, Massillon, OH 44646
ResidentialIncome, Massillon, OH
Property Size1,440 SF
Lot Size0.11 Acres
Price / SF$92.01
Days on Market2
Property Features for 837 Parkview Street NE
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 1
Parking features
Driveway
Exterior features
PrivateYard
Appliances
Range, Refrigerator
Lot features
Back Yard, City Lot, Interior Lot
Elementary school district
Massillon CSD - 7609
Middle school district
Massillon CSD - 7609
High school district
Massillon CSD - 7609
Directions
Located between Lincoln way and Lake Ave and just a block off of Wales Ave.
Standard status
Active
APN
00609171
Size
1,440 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
1360 WH
Tax Annual Amount
1740
Legal Description
1360 WH
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1912
Floors in Building
2
Building materials
VinylSiding
Roof type
Fiberglass, Asphalt
Listing Agency:
DeHOFF REALTORS
(330) 499-8153
Listed By:
David L Maltese · License #403199
(330) 936-0865
Added: Sep 8
Changed: Sep 9
Last Checked: Sep 9 at 9:06PM
MLS# 5243649
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.
Investment Insights
Based on property information with market context.
This duplex contains 1,440 square feet on a 0.1148-acre lot and was built in 1912. The property includes a spacious front porch, private backyard, driveway parking, vinyl siding, and an asphalt and fiberglass roof. Interior features include a basement, three identified bedrooms, and two bathrooms. Range and refrigerator appliances are included, with forced-air heating fueled by natural gas.
Located at 837 Parkview Street NE in Massillon, the property sits across from a city park and is near a Dairy Queen. Public water and public sewer serve the property. Mechanical systems and other components have received updates, according to the available property information.
Located at 837 Parkview Street NE in Massillon, the property sits across from a city park and is near a Dairy Queen. Public water and public sewer serve the property. Mechanical systems and other components have received updates, according to the available property information.
Key Highlights
- Duplex with 1,440 square feet of building area
- 0.1148‑acre lot with private backyard and spacious front porch
- Three identified bedrooms and two bathrooms
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
$12,045
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
9.09%
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%
$240,900
$240.9K
Cap Rate 7%
$172,071
$172.1K
Cap Rate 9%
$133,833
$133.8K
Market Conditions
NOI Build-Up for 1,440 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
$17.8K $12.36/SF
− Vacancy
−$591 −$0.41/SF
EGI
$17.2K $11.95/SF
− OpEx
−$5.2K −$3.58/SF
NOI
$12.0K $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 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%
$240,900
Cap Rate 7%
$172,071
Cap Rate 9%
$133,833
Alternative Uses
Best Use
Multifamily LT 5
$172.1K
$150.6K – $200.8K
NOI $12,045 @ 7.0% cap · market cap 9.09%
Second Best
Apartment 5plus
$150.7K
$131.8K – $175.8K
NOI $10,547 @ 7.0% cap · market cap 7.96%
Theoretical Best
Retail
$376.0K
$329.0K – $438.6K
NOI $26,318 @ 7.0% cap · market cap 19.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
434
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with a private yard, driveway parking, and public utilities in Massillon.
Where is this duplex located?
The property is located at 837 Parkview Street NE Massillon, OH.
What is the asking price?
The asking price for this property is $132,500.
What are key features of this property?
This property features: Duplex with 1,440 square feet of building area; 0.1148‑acre lot with private backyard and spacious front porch; Three identified bedrooms and two bathrooms
