1944 Rowland Avenue Ne, Canton, OH 44714 - $3,264,000

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1944 Rowland Avenue Ne, Canton, OH 44714
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Comments for 1944 Rowland Avenue Ne, Canton, OH 44714

Exceptional Multifamily Investment Opportunity! This 48-unit portfolio offers investors the opportunity to acquire eight updated, all-brick buildings conveniently located together on the same block. The portfolio features a desirable mix of two-bedroom townhomes, one-bedroom units, and additional two-bedroom units, all with one full bath, providing a total of 91 bedrooms. The properties have benefited from extensive remodeling and improvements, allowing a new owner to take advantage of the work already completed. Strong occupancy and a diversified unit mix provide an attractive foundation for an income-producing multifamily portfolio. The concentration of all eight buildings in one location may also offer operational efficiencies for ownership and management. This is a substantial opportunity for investors seeking to expand their multifamily holdings with multiple units in a centralized location. Please do not disturb tenants. Showings require 24-hour notice and are subject to availability. All information is believed to be accurate but is not guaranteed. Buyer and buyer's agent to verify all information, including unit count, bedroom count, dimensions, rents, expenses, occupancy, and other property details.

$3,264,000

Estimated Monthly Payment: $12,446.67 (including taxes & insurance estimates)

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Property Details

City: CantonProperty Type: Commercial - Business
Subdivision: CantonLot Size: 1.89 Acres
School District: Canton CityTaxes: $50,765
Status: ActiveYear Built: 1954
MLS#: 5236316 

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Property Features

Property Type: Commercial - BusinessTaxes: $50,765
Heating: Electric, GasUnits: 48
Lot Size: 1.89 AcresYear Built: 1954
Parcel#: 00227011 

School Information

School District: Canton City

Listed By

Agency Name: Keller Williams Legacy Group Realty
Agency Contact: Kristy@Daisylanepropertymanagement.com, 330-571-1217

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 555-555-5555

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  • Demographics
  • Walk Score

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

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