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Commercial Real Estate for Sale at 3100 Beal St. Nw in Warren, OH for $2,000,000

Listing data last changed 02/25/2026 - 10:08pm
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3100 Beal St. NW | Warren

$2,000,000 | 0.0 Sq. Ft.

Beal St Apartments is a 24-unit garden-style multifamily asset built in 1974 in Warren, Ohio, offered at just $83,333 per door with a 9.49% cap rate on trailing-twelve actuals. The property is currently 96% occupied with only a single vacancy, and delivered $189,881 in T12 NOI on $230,968 in effective gross income. The T3 annualized numbers are even stronger: $200,529 in NOI, pushing the cap rate above 10%. At this basis, you are buying real, in-place income with room to run.\r\n\r\nCurrent average rent sits at $809 per unit per month. The tenant mix is anchored by LG, which leases 14 of the 24 units, providing a reliable, institutional-backed income stream that adds stability to the cash flow profile. Total operating expenses came in at just $41,087 for the trailing twelve, and the only meaningful proforma adjustment is layering in professional management at 6% of EGI ($14,742 annually), since the current owner self-manages. Even fully loaded, EOY 1 proforma NOI holds firm at $189,871 and the 9.49% cap. This is a well-run building that does not need a turnaround to deliver returns.\r\n\r\nThe macro story unfolding in the Warren-Lordstown corridor is hard to ignore. Kimberly-Clark is deploying roughly $960 million into a new manufacturing plant and distribution center, bringing 491-600 jobs by end of 2026 with nearly $50 million in annual payroll. Ultium Cells operates a $2.3 billion battery plant in Lordstown with 1,700 employees. SoftBank is investing $3 billion to convert the former GM Lordstown Assembly into an AI manufacturing facility for the Stargate project. The state has committed $17.4 million in road infrastructure upgrades around the corridor. Billions in capital, thousands of new jobs, and a tight rental market all driving housing demand in a submarket where you can still buy at $83,333 a door.\r\n\r\nCash flow is here now, and the upside is being built around you in real time. Let\u0027s chat. MLSNow 5189071 Directions to property: This building is located in Warren in Trumbull County. Morgandale and Bolindale are nearby neighborhoods.

MLS Listing ID: 
MLSNow 5189071
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$2,000,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Property Sub Type: 
Apartment
Primary Market Area: 
Warren
Address: 
3100 Beal St. NW, Warren, OH 44485
County: 
Trumbull
Latitude: 
41.2577590
Longitude: 
-80.8629380
Directions: 
This building is located in Warren in Trumbull County. Morgandale and Bolindale are nearby neighborhoods.
Public Remarks: 
Beal St Apartments is a 24-unit garden-style multifamily asset built in 1974 in Warren, Ohio, offered at just $83,333 per door with a 9.49% cap rate on trailing-twelve actuals. The property is currently 96% occupied with only a single vacancy, and delivered $189,881 in T12 NOI on $230,968 in effective gross income. The T3 annualized numbers are even stronger: $200,529 in NOI, pushing the cap rate above 10%. At this basis, you are buying real, in-place income with room to run.\r\n\r\nCurrent average rent sits at $809 per unit per month. The tenant mix is anchored by LG, which leases 14 of the 24 units, providing a reliable, institutional-backed income stream that adds stability to the cash flow profile. Total operating expenses came in at just $41,087 for the trailing twelve, and the only meaningful proforma adjustment is layering in professional management at 6% of EGI ($14,742 annually), since the current owner self-manages. Even fully loaded, EOY 1 proforma NOI holds firm at $189,871 and the 9.49% cap. This is a well-run building that does not need a turnaround to deliver returns.\r\n\r\nThe macro story unfolding in the Warren-Lordstown corridor is hard to ignore. Kimberly-Clark is deploying roughly $960 million into a new manufacturing plant and distribution center, bringing 491-600 jobs by end of 2026 with nearly $50 million in annual payroll. Ultium Cells operates a $2.3 billion battery plant in Lordstown with 1,700 employees. SoftBank is investing $3 billion to convert the former GM Lordstown Assembly into an AI manufacturing facility for the Stargate project. The state has committed $17.4 million in road infrastructure upgrades around the corridor. Billions in capital, thousands of new jobs, and a tight rental market all driving housing demand in a submarket where you can still buy at $83,333 a door.\r\n\r\nCash flow is here now, and the upside is being built around you in real time. Let\u0027s chat.
Community Information
School District: 
Warren CSD - 7820
Building Details
Details about the building on a property.
Year Built: 
1974
Living Area: 
0.0
Basement: 
Concrete
Construction
Foundation Details: 
Basement
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
0
Total Full-Bathrooms: 
0
Total Half-Bathrooms: 
0
Total One-Quarter-Bathrooms: 
0
Total Three-Quarter-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Gas
Cooling System: 
Central Air,Ceiling Fan(s),Window Unit(s)
Water Source: 
Public
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
1.15
Lot Size (Area): 
1.15
Lot Features
Parking Type: 
Additional Parking,Asphalt
Public Record
Parcel Number: 
39-459332
Annual Tax: 
$6,769.00
Contract Details
Details about the listing contract.
Possession: 
Delivery Of Deed
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
Russell Real Estate Services

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