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$107,500
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Property Description
Investors! Take note of this money maker to add to your portfolio. At a 7.9% cap rate, this one makes sense. There is one parcel being sold and on that parcel you have a SFR home with 3 bedrooms, 1 bath, and a full basement. This home is currently rented for $850. Then, you have an adjacent duplex which recently became occupied with rent on the lower unit of $625 and the upper unit brings in $575. The lower unit has 1 bedroom, enclosed porch, and access to the full basement with laundry hookups. The upper unit has 2 bedrooms but does not have a laundry option. There is also an attached storefront (approx. 1,500 sq.ft.) which would make a great office space/storage unit and features 2 floors, half bath, and a garage door on one side for storing larger items. In the past, this was used as an office on the second floor and storage on the first floor. All of the hard work is done as the current owner recently rented all 3 units and they are all M2M. The annual income does not include the storefront which makes the investment even more appealing. The tenants pay all utilities. Owner takes care of the lawn, taxes, insurance, and any repairs. Across the street from the SFR, there is ample parking. The SFR has its own parking and there is more on the north side of the storefront if needed. What a great opportunity!
Full Property Details
Full Property Details for 116 Maryland Ave SW
General
- Sold For: $107,500
- Taxes: $1,275 (2024)
- Status: Closed
- Type: Multi-Family
- Source: 505
- MLS ID: 5144279
- Added to Site: 94 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 3
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 6
Other Rooms
- Laundry: In Basement, None
Parking
- Parking Features: Additional Parking, Alley Access, Off Street, Other
Location
- County: Stark
- Township: Canton
- Subdivision: Described Follows
- Driving Directions: Turn left onto Tuscarawas St W and turn right onto Maryland Ave SW.
School Information
- Elem School District: Canton CSD - 7602
- Midd School District: Canton CSD - 7602
- High School District: Canton CSD - 7602
Heating & Cooling
- Cooling Type: None
- Heating Type: Forced Air, Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- # Buildings: 3
- Construction: Wood Siding
- Basement: Yes
- Basement Desc.: Full, Unfinished
- Roof: Asphalt, Fiberglass
- Stories/Levels: 2
- Year Built: 1920
- Year Built Source: Public Records
Lot Features
- Lot Size (Acres): 0.0746
- Lot Size: .0746
- Lot Size Source: Assessor
- Lot Features: Corner Lot
Financial Considerations
- Operating Expenses: $7,000
- Tax Amount: $1,275
- Tax Year: 2024
- Terms: Cash, Other
- Owner Pays: Exterior Maintenance, Insurance, Taxes
- Tenant Pays: Electricity, Gas, Sewer, Trash Collection, Water
Disclosures and Reports
- Special Conditions: Standard
- Legal Description: 12857-11.38 X 50'SWC;12858-50'SE
- Property ID: 245386
Listed by EXP Realty, LLC., Amy Wengerd
Sold by Keller Williams Legacy Group Realty, Jose Medina
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Schools
Schools serving 116 Maryland Ave SW
School District:Canton City School District
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 116 Maryland Ave SW
Date
Details
Price
Change
Source
9/30/2025
Sold
$107,500
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
116 Maryland Avenue SW, Canton, OH 44710 (MLS# 5144279) is a Multi-Family property that was sold at $107,500 on September 30, 2025. Want to learn more about 116 Maryland Avenue SW? Do you have questions about finding other Multi-Family real estate for sale in Canton? You can browse all Canton real estate or contact a Coldwell Banker agent to request more information.

