$2,500,000
About this home
The New Philadelphia Portfolio is a 38-unit residential investment package in New Philadelphia & 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 213,000–217,000 dollars and support an estimated 8.5–8.7 percent stabilized cap rate.
Property details
- MLS
- NOWDD
- MLS #
- 5200090
- Property type
- Apartment
- Subdivision
- N/A
- Status
- Active
- Days on market
- 14
- On market date
- April 9, 2026
- Stories
- N/A
- Total bathrooms
- N/A
- Garage spaces
- N/A
- Parking spaces
- N/A
- Lot size
- 0.441 acres
Location
Get directions →Nearby schools
Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.
- Enrollment
- 446
- Student:teacher ratio
- 23.5:1
- District
- Dover City
- Enrollment
- 675
- Student:teacher ratio
- 18.2:1
- District
- New Philadelphia City
- Enrollment
- 725
- Student:teacher ratio
- 14.2:1
- District
- New Philadelphia City
Walkability
Blended score for New Philadelphia's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).
Market position
How this listing compares to current activity in New Philadelphia, from live MLS data.
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Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated April 23, 2026.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.