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Angelique McCoy
(304) 640-6096

3100 Beal St. Nw
Warren, OH 44485

$2,000,000

49 Total Photos [Click to View All]

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Listing Details

  • $2,000,000
  • MLS# 5189071
  • Type Commercial - Business
  • Status Active
  • 1.150 acres
    Lot Size
  • 1974
    Year Built
  • Warren City
    Local Schools

Home Value Estimate

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...read more

Features

  • Central Air, Ceiling Fan(s), Window Unit(s)
  • Gas
  • $6,769 / year Taxes
  • Public
  • Built in 1974

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Listed By

Agency Name: Russell Real Estate Services
Agency Contact: tal@premierclevelandinvesting.com, 216-870-8687

Shown By

Agent Name: Angelique McCoy
Agent Phone: (304) 640-6096
Agency Title: Old Colony, REALTORS®
Agency Contact: Contact

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1814 Harper Road
Beckley, WV 25801
(304) 640-6096
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 03/06/2026. The listing information on this page last changed on 03/06/2026. 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 Fri 03/06/2026 12:12:53 AM EST) or CBRMLS (last updated Fri 03/06/2026 12:09:58 AM EST) or Beckley MLS (last updated Thu 03/05/2026 3:02:27 PM EST) or Kanawha Valley MLS (last updated Thu 03/05/2026 11:32:20 PM EST) or HTGN MLS (last updated Thu 03/05/2026 11:39:57 PM EST) or Wheeling MLS (last updated Thu 03/05/2026 10:36:48 PM EST) or West Penn MLS (last updated Thu 03/05/2026 11:28:31 PM EST) or NCWV MLS (last updated Thu 03/05/2026 11:16:10 PM EST) or Mercer/Tazewell MLS (last updated Thu 03/05/2026 11:14:34 PM EST) or MLS NOW (last updated Fri 03/06/2026 12:07:40 AM EST) or Greenbrier Valley Board of Realtors (last updated Thu 03/05/2026 11:01:02 PM EST) or Ashland KY MLS (last updated Thu 03/05/2026 10:20:23 PM EST). Real estate listings held by brokerage firms other than Old Colony, REALTORS® 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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