1432 Louisiana Avenue, Canton, OH 44703 - $385,000
- Beds: 0
- Baths:
- Sq. Feet: 0
- Days on Site: 112
Comments for 1432 Louisiana Avenue, Canton, OH 44703
Five single-family rentals offered at just $77,000 per door with massive value-add upside. Three homes are tenant-occupied at $1,000/month each, while two vacant properties are ready for renovation and repositioning. Invest approximately $60,000 in strategic capex across the two vacant units, lease at market rents, and this portfolio delivers $72,000 in gross income, $49,200 NOI, and a 12.78% cap rate. The properties include 796 Sherman, 2465 28th St, 316 Young, 1636 Gibbs, and 1432 Louisiana. Solid craftsman-style construction, hardwood floors, and spacious layouts attract quality long-term tenants. Geographic diversification across Akron and Canton provides stability across two of Northeast Ohio's strongest rental markets. At $385,000 for 5 homes, you're buying well below replacement cost with built-in upside!
$385,000
Estimated Monthly Payment: $1,386.63 (including taxes & insurance estimates)
Edit mortgage details for a more accurate paymentProperty Details
| City: Canton | Property Type: Commercial - Business | |
| Subdivision: Chance | Lot Size: 0.36 Acres | |
| School District: Canton City | Taxes: $5,010 | |
| Status: Active | Year Built: 1916 | |
| MLS#: 5183058 |
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| Property Type: Commercial - Business | Parcel#: 00225332 | |
| Days on Site: 112 | Taxes: $5,010 | |
| Heating: Forced Air, Gas | Year Built: 1916 | |
| Lot Size: 0.36 Acres |
School Information
| School District: Canton City |
Listed By
Agency Name: Russell Real Estate Services
Agency Contact: tal@premierclevelandinvesting.com, 216-870-8687
Shown By
Agency Title: Cutler Real Estate
Agency Phone: 555-555-5555
Stark County Demographic Information
| Fips |
| Fips Code39151 |
| Population |
| 2020 to 2025 Changedown 0.3% |
| 2010 Count375,586 |
| 2020 Count374,853 |
| 2025 Estimate (V2025)373,771 |
| 2020 Estimate (V2025)374,864 |
| Age Distribution (Years Old) |
| 0 to 45.2% |
| 5 to 1721.3% |
| 18 to 6452.1% |
| 65 and Older21.4% |
| Gender |
| Male48.9% |
| Female51.1% |
| Place of Birth |
| Foreign2.2% |
| US97.8% |
| Education |
| High School Graduate, Age 25+93.2% |
| Bachelor's Degree or Higher, Age 25+25.9% |
| Computer and Internet use |
| Households with a computer94.1% |
| Households with a broadband Internet subscription87.4% |
| Language |
| English is Second Language, Age 5+3.1% |
| English is First Language, Age 5+96.9% |
| Veterans |
| Veterans20,943 |
| Income |
| Per Capita Income$36,762 |
| Median Household Income$67,934 |
| People in Poverty12.4% |
| Commute |
| Average Work Commute Time22 minutes |
| Housing |
| Total Housing Units167,998 |
| Households155,955 |
| Average Household Size2.35 |
| Owner-Occupied69.2% |
| Multi-Family20.0% |
| Owner-Occupied Median Value$186,400 |
| Median selected monthly owner costs -with a mortgage$1,336 |
| Median selected monthly owner costs -without a mortgage$516 |
| Median gross rent$909 |
| Building Permits |
| New Private Housing Issued 2024528 |
| Years at Residence |
| 1 Year or More90.4% |
| Less Than 1 Year9.6% |
| Business and Employment |
| Private non-farm Establishments8,181 |
| Private non-farm Employment139,706 |
| Private non-farm Employment Growthdown 2.9% |
| Nonemployer Establishments28,377 |
| Number of Firms6,052 |
| Business Production |
| Value of Shipments$11,181,630,000 |
| Wholesale Trade$3,874,927,000 |
| Retail Trade$5,377,131,000 |
| Retail Sales Per Capita$14,219 |
| Accommodation and Food Services$745,822,000 |
| Land |
| Land Area575.27 sq. miles |
| Population Per Square Mile653 |