18 5th St NE - Apartments FOR SALE


Massillon, OH 44646
$215,000 USD
330-473-8187
18 5th St NE, Massillon, OH for Sale
$215,000 USD
Apartments - FOR SALE
1/28
null | 13.48% Cap Rate

18 5th St NE
Massillon, OH 44646


OVERVIEW

Five-unit apartment building located at 18 5th St NE in Massillon offering approximately 3,203 square feet. Current gross rents total $2,415 per month with one unit vacant, equating to $28,980 in annualized gross income at current occupancy. Rent breakdown as follows: Unit 1 Rear – $650; Unit 1AA – $520; Unit 2 – $670; Unit 3 – $575. Tenants pay electric; owner pays water, sewer, trash, gas, and lawn care. Annual real estate taxes are $2,475.46. Electric is separately metered. Unit 3 is leased on a 12-month term through 2/28/27; the remaining occupied units are month-to-month. All units have been filled with new tenants since 2024. Units 3 and 4 have been recently renovated, and Units 1AA and 1 Rear were renovated in 2024. The building furnace was replaced in 2025 and the main plumbing stack was replaced in 2024, addressing major mechanical components. Property was built in 1901 and features on-street parking. Management is in place and willing to keep managing. Rent roll along with 2024, 2025, and year-to-date P&L statements are attached in supplements. Schedule your showing today!

FOR SALE DETAILS

PRICE

$215,000 USD

PRICE/SF

$67 USD /SF

# OF UNITS

5

PRICE/UNIT

$43,000

CAP RATE

13.48%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1901

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

4,120 SF

ZONING

-

APN/PARCEL ID

00605449

ASK ABOUT THIS PROPERTY

Tyler KuhnsStewardship Realty LlcMore Info
330-473-8187

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Tyler KuhnsStewardship Realty LlcMore Info
330-473-8187

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.