1636 Gibbs Avenue NE, Canton, OH 44705

• 3 beds |
• 1 bath

Property Description

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.

Listing Status:

Active

Data Last Updated:

April 1, 2026 at 3:18PM

Listing Office:

Russell Real Estate Services : 440-201-9850

Listing Agent:

Tal Tamir : 216-870-8687

MLS ID:

5194079

Interior

• Basement: Full
• A/C: Central Air
• Heating: Forced AirGas
• Fireplace: FireplaceFireplaces: 1

Exterior

• Style: Colonial
• Parking: DetachedGarage

Construction

• Roofing: AsphaltFiberglass
• General: Vinyl Siding2

Location

• Originating MLS: NOWDD_NORM
• School District: Canton CSD - 7602
• County: Stark

Lot

• Zoning: 00225577

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: NOWDD_NORM