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New
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$85,000

For Sale

8 hours ago

1636 Gibbs Ave Ne, Canton, OH

House

MLS® 5194079

3 Bed

1 Bath

--

4 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size -
Garage Yes
Taxes $1,489
Days Active 0
Lot Size 0.3 acres
Approx. Age 1908
MLS® Number 5194079

Property Address: 1636 Gibbs Ave Ne, Canton, OH, 44705-1265

Average square foot calculated using Size range provided by listing agent.

Description

This occupied Canton single-family rental is a textbook turnkey addition to any cash flow portfolio. Currently generating $995/month on a month-to-month lease, the 3-bedroom, 1-bath home spans 1, 348 square feet and delivers $7, 606 in annual NOI at an 8.95% cap rate. At just $85, 000 all-in, you're acquiring stabilized income at a price that leaves real room to build equity. With a tenant already in place and income flowing from day one, this is the kind of low-friction, high-yield asset serious investors line up for. The month-to-month lease structure gives an incoming owner maximum flexibility. Keep the tenant, renegotiate terms, or reposition as market conditions dictate. Either way, the asset pencils on day one. What elevates this from a solid single-buy to a genuine portfolio play is the companion opportunity. Four additional properties from the same seller are available simultaneously: 1432 Louisiana Ave NW and 316 Young Ave NE in Canton, plus 364 Campbell St and 677 Sharon St in Akron. Acquiring the full package creates instant scale, operational efficiency, and geographic diversification across two markets - all from a single seller relationship. Bulk pricing may be available for qualified buyers moving on the full portfolio.
MLS® Number5194079
Laundry Level
Central VacNo
FireplaceNo
Acreage0.3
Exterior
GarageYes
Approx. Age1908
BasementFull
DrivewayDetached, Garage
Garage Spaces4
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 17, 2026List Date
$85,000List Price
Oct 12, 2023End Date
$60,000Sold Price

Sold

Oct 10, 2023List Date
$60,000List Price

Home Appraisal

This property is estimated to sell between: $85,000 and $101,000.
Similar properties in this area sold on average for: $95,492
Expected to sell in 20 days. Similar properties sold in 20 days. This home has been on eXp Realty for 0 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

  • Commute

Commute

Starting Address
Destination Address
1636 Gibbs Ave Ne, Canton, OH

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