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 213,000-217,000 dollars and support an estimated 8.5-8.7 percent stabilized cap rate.

Based on information submitted to MLS Now as of June 4, 2026 12:07 PM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. Listing information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Property Details of 1221-1223 2nd Street NW

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Property Details of 1221-1223 2nd Street NW

Property Details

Basic Information

Building

Location

Utilities and Appliances

Utilities and Appliances

Map Location

Hi there! How can we help you?

Hi there! How can we help you?

Hi there! How can we help you?

Jesse Allison Team