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Commercial Real Estate for Sale at 1432 Louisiana Avenue in Canton, OH for $385,000

Listing data last changed 01/26/2026 - 10:08pm
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1432 Louisiana Avenue | Canton

$385,000 | 0.0 Sq. Ft.

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\u0027s strongest rental markets. At $385,000 for 5 homes, you\u0027re buying well below replacement cost with built-in upside! MLSNow 5183058 Directions to property: 5 House Portfolio in Akron/Canton

MLS Listing ID: 
MLSNow 5183058
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$385,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Property Sub Type: 
Apartment
Primary Market Area: 
Canton
Address: 
1432 Louisiana Avenue, Canton, OH 44703
County: 
Stark
Latitude: 
40.8138800
Longitude: 
-81.3810550
Directions: 
5 House Portfolio in Akron/Canton
Public Remarks: 
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\u0027s strongest rental markets. At $385,000 for 5 homes, you\u0027re buying well below replacement cost with built-in upside!
Community Information
School District: 
Canton CSD - 7602
Subdivision: 
Chance
Building Details
Details about the building on a property.
Year Built: 
1916
Living Area: 
0.0
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
0
Total Full-Bathrooms: 
0
Total Half-Bathrooms: 
0
Total One-Quarter-Bathrooms: 
0
Total Three-Quarter-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Forced Air,Gas
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.36
Lot Size (Area): 
0.36
Public Record
Parcel Number: 
00225332
Annual Tax: 
$5,010.00
Contract Details
Details about the listing contract.
Possession: 
Delivery Of Deed
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
Russell Real Estate Services

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