About This Home

This 3-bedroom, 1-bathroom single family at 1316 Saint Elmo Avenue NE in Canton, OH is listed for $55,000. Built in 1916, on a 0.07 acres lot.

Key Features

  • Built in 1916
  • 0.07 acre lot
  • 2 stories

Property Details

2 stories
1 full
1916
Listing Description

Advertised as a low-lift, turnkey-ready investment opportunity. The property features a functional 1,344 sq. ft. layout designed for low maintenance and strong long-term tenant retention. Main updates and foundational work are largely complete, requiring only minor cosmetic touch-ups (paint/surface touch-ups) before tenant placement.

Additional highlights include a full unfinished basement for extra storage, public utilities (forced-air natural gas heat), and low holding costs. Investment Opportunity HighlightsLow Entry Price Point: At $55,000, it presents a very accessible barrier to entry for novice investors or seasoned landlords expanding a local portfolio.

Minimal Rehab & Quick Turnaround: Because major systems are in place, holding costs and pre-occupancy downtime are minimized, accelerating cash-on-cash returns.Low Overhead: Annual property taxes sitting around $500 keep fixed operational expenses minimal, maximizing net operating income (NOI).Submarket Rent Potential: Single-family 3-bedroom rentals in Canton's 44705 zip code typically command solid market rents relative to purchase price, providing favorable cap rates and strong cash flow upside.

Monthly Cost Estimate

$294/mo

20% down · 6.5% · 30 years

Principal$40
Interest$238
Insurance$16

Estimates only. Actual payments may vary.

Location

1316 Saint Elmo Avenue NE

Canton, OH 44705

Property Details

Construction

WoodSiding

Parking

On Street

Heating

Forced Air

Questions & Answers

This 3-bedroom, 1-bathroom single family at 1316 Saint Elmo Avenue NE is listed at $55,000. The estimated monthly payment is $294 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1916, 0.07 acre lot, 2 stories.

This property is listed by Jeffrey Schultheis.

JS

Jeffrey Schultheis

License 2021008674

Agent at Red 1 Realty, LLC

Listed by Red 1 Realty, LLC · Broker phone: (614) 937-4162 · View on Broker Site · Broker website

MLS# 5257545· Source: MLS Now· 1 day on PropertySimple

Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1316 Saint Elmo Avenue NE, Canton, OH 44705

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