2045 Glamorgan StreetAlliance, OH 44601

2045 Glamorgan StreetAlliance, OH 44601

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$1,134,000 Active
Commercial - Business MLS 5181565
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Listed By

Agency Name: Keller Williams Legacy Group Realty
Agency Contact: tracywhaley@kw.com, 330-257-0829

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575

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Property Description

Investor Alert! Value-add multifamily opportunity with immediate upside! This property features a strong unit mix of eight (8) 2-bedroom units and six (6) 1-bedroom units, currently operating at below-market rents. Current gross income is approximately $7,645/month, offering a clear path to increased cash flow. With modest rent adjustments to market rates, projected gross monthly income jumps to $11,550.00/month, creating a significant upside for investors seeking forced appreciation. Ideal for a hands-on or strategic investor looking to stabilize rents, increase NOI, and unlock long-term value. Solid fundamentals, desirable unit mix, and strong rental demand make this an excellent addition to any multifamily portfolio.

2045 Glamorgan Street | MLS# 5181565

This commercial property located at 2045 Glamorgan Street, Alliance, OH 44601 is currently listed for sale with an asking price of $1,134,000. Glamorgan Street is located within the Marlington Local school district. Search Alliance real estate on 15ontariotrail.cutlerhomes.com today.

Property Features

Property Type: Commercial - Business
Cooling: Electric
Heating: Radiant
Lot Size: 0.96 Acres
Stories: 2.0
Taxes: $13,000 / year
Year Built: 1979

Feature Descriptions

Laundry: Coin-operated
Parcel#: 07700458
Parking: Detached, Garage, On Site, Parking Lot, Private
Sewer: Public Sewer
Units: 14
Water: Public

Local Schools

School District: Marlington Local

Demographics

Stark County Demographic Information for 2045 Glamorgan Street, Alliance, OH 44601
Fips
Fips Code 39151
Population
2020 to 2023 Change down 0.6%
2010 Count 375,586
2020 Count 374,853
2023 Estimate (V2023) 372,716
2020 Estimate (V2023) 374,864
Age Distribution (Years Old)
0 to 4 5.3%
5 to 17 21.3%
18 to 64 52.7%
65 and Older 20.7%
Gender
Male 49.0%
Female 51.0%
Place of Birth
Foreign 2.2%
US 97.8%
Education
High School Graduate, Age 25+ 92.7%
Bachelor's Degree or Higher, Age 25+ 24.1%
Computer and Internet use
Households with a computer 92.4%
Households with a broadband Internet subscription 84.8%
Language
English is Second Language, Age 5+ 3.3%
English is First Language, Age 5+ 96.7%
Veterans
Veterans 21,951
Income
Per Capita Income $34,652
Median Household Income $63,130
People in Poverty 13.2%
Commute
Average Work Commute Time 22 minutes
Housing
Total Housing Units 167,998
Households 154,690
Average Household Size 2.37
Owner-Occupied 68.2%
Multi-Family 20.0%
Owner-Occupied Median Value $164,900
Median selected monthly owner costs -with a mortgage $1,268
Median selected monthly owner costs -without a mortgage $483
Median gross rent $838
Building Permits
New Private Housing Issued 2023 509
Years at Residence
1 Year or More 88.8%
Less Than 1 Year 11.2%
Business and Employment
Private non-farm Establishments 8,029
Private non-farm Employment 135,584
Private non-farm Employment Growth down 2.9%
Nonemployer Establishments 27,851
Number of Firms 29,680
Business Production
Value of Shipments $11,181,630,000
Wholesale Trade $3,874,927,000
Retail Trade $5,377,131,000
Retail Sales Per Capita $14,219
Accommodation and Food Services $745,822,000
Land
Land Area 575.27 sq. miles
Population Per Square Mile 653

Source: US Census Bureau

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