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Commercial Real Estate for Sale at 1221-1223 2nd Street Nw in New Philadelphia, OH for $2,500,000

Listing data last changed 04/23/2026 - 7:23pm
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1221-1223 2nd Street NW | New Philadelphia

$2,500,000 | 0.0 Sq. Ft.

The New Philadelphia Portfolio is a 38-unit residential investment package in New Philadelphia \u0026 Strasburg, Ohio, featuring a diversified mix of multifamily and single-family properties that together produce approximately 336,000 dollars in gross annual income and about 200,000 dollars in net operating income, reflecting an 8.0 percent going-in cap rate based on actual performance. This stabilized, income-producing portfolio is supported by real rent roll and trailing twelve-month financials, offering investors immediate cash flow with upside potential through lease-up of select units, rent normalization where current rents are below market, and continued operational efficiency improvements that are projected to increase NOI to roughly 213,000\u2013217,000 dollars and support an estimated 8.5\u20138.7 percent stabilized cap rate. MLSNow 5200090 Directions to property: Wabash to 2nd NW

MLS Listing ID: 
MLSNow 5200090
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$2,500,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Property Sub Type: 
Apartment
Primary Market Area: 
New Philadelphia
Address: 
1221-1223 2nd Street NW, New Philadelphia, OH 44663
County: 
Tuscarawas
Latitude: 
40.5073080
Longitude: 
-81.4459100
Directions: 
Wabash to 2nd NW
Public Remarks: 
The New Philadelphia Portfolio is a 38-unit residential investment package in New Philadelphia \u0026 Strasburg, Ohio, featuring a diversified mix of multifamily and single-family properties that together produce approximately 336,000 dollars in gross annual income and about 200,000 dollars in net operating income, reflecting an 8.0 percent going-in cap rate based on actual performance. This stabilized, income-producing portfolio is supported by real rent roll and trailing twelve-month financials, offering investors immediate cash flow with upside potential through lease-up of select units, rent normalization where current rents are below market, and continued operational efficiency improvements that are projected to increase NOI to roughly 213,000\u2013217,000 dollars and support an estimated 8.5\u20138.7 percent stabilized cap rate.
Community Information
School District: 
New Philadelphia CSD - 7906
Building Details
Details about the building on a property.
Year Built: 
1966
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: 
0.44
Lot Size (Area): 
0.44
Public Record
Parcel Number: 
4307814000
Annual Tax: 
$4,421.00
Contract Details
Details about the listing contract.
Possession: 
Negotiable
Disclosures: 
Principal is Real Estate Licensed
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
McInturf Realty

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