1221-1223 2nd Street NW New Philadelphia, OH $ 2,500,000
1221-1223 2nd Street NW
$ 2,500,000
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1221-1223 2nd Street NW

New Philadelphia, OH, 44663
$ 2,500,000
Bedrooms-- Baths--

Monthly Estimate*

$ 15,393

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Commercial Property for sale in New Philadelphia, OH

for $2,500,000. This building was built in 1966 on a lot size of 0.441.

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.

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Commercial Active

Price

$ 2,500,000

Property Type

Commercial

Taxes

$ 4,421

Style

Lot Size

0.441

Year Built

1966

Town/City

New Philadelphia

County/Region

Tuscarawas

MLS | Web ID

5200090

Features
General
Heating Forced Air Gas
Possession Negotiable
Year Built 1966
Township New Philadelphia
Property Subtype Apartment
Tax Year 2025
County Tuscarawas
Property Type Commercial Sale
Attached Garage false
Status Active
Directions Wabash to 2nd NW
City New Philadelphia
Disclosures Principal is Real Estate Licensed
High School District New Philadelphia CSD - 7906
Lot Size Units Acres
Tax Annual Amount 4421
Living Area Units Square Feet
Standard Status Active
Middle/Junior School District New Philadelphia CSD - 7906
Elementary School District New Philadelphia CSD - 7906
Year Built Source Public Records
Property Sub Type Additional Apartment
Legal Description 2 8 1 .441
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Interior
Heating Y/N true
Main Level Bathrooms 0
Total Baths 0
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Exterior
Lot Size Area 0.441
Lot Size Acres 0.441
Lot Size Source Assessor
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* Excluded Features
List By
Michele D Lieser

Listing Agent

Mcinturf Realty

Broker

micheleisell@gmail.com

Email

Affordability Calculator

$15,761
Per Month
98%
2%
0%
Monthly Principal & Interest
$15,393
Monthly Property Taxes
$368
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4457996 Elementary School
4457901 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/18/2026$2,500,000 Listed Price

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1221-1223 2nd Street NW, New Philadelphia, OH, 44663 is a Commercial Property for sale at $2,500,000 with a lot size of 0.441. 1221-1223 2nd Street NW was built in 1966. The property's zip code is 44663 which is in New Philadelphia, OH