Triplex with Pond and
9366 Kirk Rd, North Jackson, OH 44451
For Sale
$265,000
Tenant-occupied triplex on a peaceful acreage setting with possible four-unit conversion potential.
Property Size3,649 SF
Lot Size2.00 Acres
Price / SF$72.62
Days on Market108
Property Features for 9366 Kirk Rd
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Highway Access
Multifamily Units
Taxes and HOA fees
Annual Taxes
Listing Agency:
Kelly Warren and Associates RE Solutions
(330) 717-2689
Listed By:
Dina Shuto · License #2023001187
(623) 224-7408
Source:
Exprealty
Added: Jul 24
Changed: Oct 25
Last Checked: Nov 6 at 2:20PM
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 Kelly Warren and Associates RE Solutions
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Investment Insights
Based on property information with market context.
This tenant-occupied triplex at 9366 Kirk Rd includes 3,649 square feet of residential improvements on approximately 2 acres. The property also features a pond, combining a three-unit configuration with an outdoor setting. The existing occupancy provides an established rental setup, while the property information identifies potential for conversion to a four-unit building.
Located in North Jackson, the property is near shopping, dining, schools, and major highways. Its current triplex layout and acreage distinguish it from a typical small multifamily property, with additional conversion potential noted for future planning.
Located in North Jackson, the property is near shopping, dining, schools, and major highways. Its current triplex layout and acreage distinguish it from a typical small multifamily property, with additional conversion potential noted for future planning.
Key Highlights
- Triplex configuration with 3,649 square feet of improvements
- Approximately 2 acres with a pond
- Tenants already in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,643
Cap Rate
8.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$452,860
$452.9K
Cap Rate 7%
$323,471
$323.5K
Cap Rate 9%
$251,589
$251.6K
Market Conditions
NOI Build-Up for 3,649 SF
Gross rent
$43.8K $12.00/SF
− Vacancy
−$2.6K −$0.72/SF
EGI
$41.2K $11.28/SF
− OpEx
−$18.5K −$5.08/SF
NOI
$22.6K $6.21/SF
Area
Mahoning County, OH
Vacancy
5.98%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$452,860
Cap Rate 7%
$323,471
Cap Rate 9%
$251,589
Alternative Uses
Best Use
Multifamily LT 5
$351.1K
$307.2K – $409.6K
NOI $24,574 @ 7.0% cap · market cap 9.27%
Second Best
Apartment 5plus
$323.5K
$283.0K – $377.4K
NOI $22,643 @ 7.0% cap · market cap 8.54%
Theoretical Best
Office A
$688.6K
$602.5K – $803.4K
NOI $48,202 @ 7.0% cap · market cap 18.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Explore this area
Business Placement
Demographics for 44451, OH
3,199
Population
1,396
Households
2.3
Avg Household Size
48
Median Age
21%
College-Educated
92%
High-School Grad
38.7 sq mi
ZIP Area
83
Density / Sq Mi
$64,554
Median Household Income
$42,423
Median Earnings
$694
Median Rent
$201,500
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
Frequently Asked Questions
What type of property is this?
Triplex - Tenant-occupied triplex on a peaceful acreage setting with possible four-unit conversion potential.
Where is this triplex located?
The property is located at 9366 Kirk Rd North Jackson, OH.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Triplex configuration with 3,649 square feet of improvements; Approximately 2 acres with a pond; Tenants already in place
