1221-1223 2nd Street Nw, New Philadelphia, OH 44663 | MLS ID 5200090

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1221-1223 2nd Street Nw, New Philadelphia, OH 44663 | MLS ID 5200090 - Hardcastle Realty

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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 213,000217,000 dollars and support an estimated 8.58.7 percent stabilized cap rate.

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1221-1223 2nd Street Nw
New Philadelphia, OH 44663

Area/School Dist: New Philadelphia

MLS ID: 5200090

Status: Active

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Features

Taxes: $4,421 / year
Lot Size: 0.44 Acres
Heating: Forced Air,Gas
Year Built: 1966
Parcel#: 4307814000

School Information

School District: New Philadelphia City

Mortgage Information

Agency/Agent Information

Shown By:
  Agency Name: Hardcastle Realty
  Agency Phone:

Listed By
   McInturf Realty
  Agency Phone: 330-364-6648

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 06/13/2026. The listing information on this page last changed on 06/13/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sat 06/13/2026 12:20:02 AM EST) or MLS NOW (last updated Sat 06/13/2026 12:17:34 AM EST). Real estate listings held by brokerage firms other than Hardcastle Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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