New

$2,000,000

For Sale

A day ago

3100 Beal St Nw, Warren, OH

Name: 3100 Beal St Nw, For Sale in Warren - eXp Realty
Brand: Russell Real Estate Services
SKU: 5189071
Price: 2000000 USD

Condo

MLS® 5189071

0 Bed

0 Bath

Key Facts
Description
Map

Key Facts

Type Apartment

Levels Commercial Sale

Size -

Garage No

HOA Fees

Taxes $6,769

Days Active 1

Approx. Age 1974

MLS® Number 5189071

Property Address: 3100 Beal St Nw, Warren, OH, 44485-1264

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

Description

Beal St Apartments is a 24-unit garden-style multifamily asset built in 1974 in Warren, Ohio, offered at just $83, 333 per door with a 9.49% cap rate on trailing-twelve actuals. The property is currently 96% occupied with only a single vacancy, and delivered $189, 881 in T12 NOI on $230, 968 in effective gross income. The T3 annualized numbers are even stronger: $200, 529 in NOI, pushing the cap rate above 10%. At this basis, you are buying real, in-place income with room to run. Current average rent sits at $809 per unit per month. The tenant mix is anchored by LG, which leases 14 of the 24 units, providing a reliable, institutional-backed income stream that adds stability to the cash flow profile. Total operating expenses came in at just $41, 087 for the trailing twelve, and the only meaningful proforma adjustment is layering in professional management at 6% of EGI ($14, 742 annually), since the current owner self-manages. Even fully loaded, EOY 1 proforma NOI holds firm at $189, 871 and the 9.49% cap. This is a well-run building that does not need a turnaround to deliver returns. The macro story unfolding in the Warren-Lordstown corridor is hard to ignore. Kimberly-Clark is deploying roughly $960 million into a new manufacturing plant and distribution center, bringing 491-600 jobs by end of 2026 with nearly $50 million in annual payroll. Ultium Cells operates a $2.3 billion battery plant in Lordstown with 1, 700 employees. SoftBank is investing $3 billion to convert the former GM Lordstown Assembly into an AI manufacturing facility for the Stargate project. The state has committed $17.4 million in road infrastructure upgrades around the corridor. Billions in capital, thousands of new jobs, and a tight rental market all driving housing demand in a submarket where you can still buy at $83, 333 a door. Cash flow is here now, and the upside is being built around you in real time. Let's chat.

MLS® Number5189071

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageNo

Approx. Age1974

Stories

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Feb 25, 2026List Date

$2,000,000List Price

Commute

Commute

Starting Address

Destination Address

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