Triplex With Pond and
For Sale
$265,000
9366 Kirk Road, North Jackson, OH 44451
ResidentialIncome, North Jackson, OH
Property Size3,649 SF
Lot Size2.75 Acres
Price / SF$72.62
Days on Market51
Property Features for 9366 Kirk Road
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Half bathrooms
1
Rooms
Bedroom 4, Bathroom 3, Bathroom 4, Laundry Room, Bathroom 2, Bedroom 7, Bathroom 1, Bedroom 8, Bedroom 3, Bedroom 6, Bedroom 1, Bedroom 5, Bedroom 2
Parking features
Paved or Surfaced, Garage
Subdivision
George E Miller 03
Lot features
Pond On Lot
Elementary school district
Jackson-Milton LSD - 5005
Middle school district
Jackson-Milton LSD - 5005
High school district
Jackson-Milton LSD - 5005
Directions
S. Lipkey to Kirk
Standard status
Active
APN
50-044-0-027.00-0
Size
3,649 SF
Lot size
2.75 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 8 KIRK RD 180 X 570 REPL LT 9 G MILLER PL
Tax Annual Amount
3136
Legal Description
LOT 8 KIRK RD 180 X 570 REPL LT 9 G MILLER PL
Utilities
Sewer type
Septic Tank
Heating system
Forced Air, Oil
Water source
Well
Amenities
scenic pond
Building Details
Year built
1945
Floors in Building
2
Building materials
VinylSiding
Roof type
Asphalt, Fiberglass
Listing Agency:
Kelly Warren and Associates RE Solutions
(330) 717-2689
Listed By:
Dina Shuto · License #2023001187
(623) 224-7408
Added: Jul 22
Changed: Sep 5
Last Checked: Sep 10 at 11:06AM
MLS# 5230819
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 triplex contains 3649 square feet and is situated on 2.75 acres with a pond. The property includes garage and paved parking, vinyl siding, asphalt and fiberglass roofing, and a room layout with multiple bedrooms, bathrooms, and a laundry room. Existing tenants are in place, and the property information identifies potential for conversion to a 4-unit building.
Built in 1945, the property is located at 9366 Kirk Road in North Jackson, Ohio, near shopping, dining, schools, and major highways. Mechanical and site infrastructure includes forced-air oil heating, a well water source, and septic tank service. The combination of a triplex configuration, acreage, and existing occupancy provides a clearly defined multifamily asset with additional stated conversion potential.
Built in 1945, the property is located at 9366 Kirk Road in North Jackson, Ohio, near shopping, dining, schools, and major highways. Mechanical and site infrastructure includes forced-air oil heating, a well water source, and septic tank service. The combination of a triplex configuration, acreage, and existing occupancy provides a clearly defined multifamily asset with additional stated conversion potential.
Key Highlights
- Triplex on 2.75 acres with a pond
- 3649 square feet of property space
- Existing tenants in place
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
$22,643
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
8.54%
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%
$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
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
$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 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%
$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.
Property Analytics
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Current Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Income-producing multifamily property with paved parking, garage space, and existing tenants.
Where is this triplex located?
The property is located at 9366 Kirk Road 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 on 2.75 acres with a pond; 3649 square feet of property space; Existing tenants in place
