1636 Gibbs Ne Avenue, Canton, OH 44705
Local realty services provided by:ERA Real Solutions Realty
Listed by: tal tamir
Office: russell real estate services
MLS#:5194079
Source:OH_NORMLS
Price summary
- Price:$85,000
About this home
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....
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Home facts
- Year built:1908
- Listing ID #:5194079
- Added:1 day(s) ago
- Updated:March 18, 2026 at 09:46 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:1
- Full bathrooms:1
- Basement:Yes
- Basement Description:Full
Heating and cooling
- Cooling:Central Air
- Heating:Forced Air, Gas
- Central air:Yes
Structure and exterior
- Roof:Asphalt, Fiberglass
- Year built:1908
- Lot area:0.3 Acres
- Architectural Style:Colonial
- Construction Materials:Vinyl Siding
- Levels:2 Stories, 2 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$85,000
- Tax amount:$1,489 (2025)
Parking
- Parking description:Detached, Garage
- Garage:Yes
- Garage spaces:4
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