Newark, OH 43055
$585,000
Property Type:
Multi-Family
Lot Size (sq. ft.):
23,087
Status:
Active
Current Price:
$585,000
List Date:
4/17/2026
Last Modified:
4/25/2026
Overview
Description
Rare opportunity to acquire a fully assembled residential portfolio in a convenient Newark location. This package includes five properties consisting of one 2-bedroom single-family home, two 3-bedroom single-family homes, and one duplex (two 2-bedroom units)--offering a strong mix of unit types to attract a broad tenant base.
The portfolio has seen significant recent capital improvements, reducing near-term maintenance exposure:
New roofs installed in 2023 across the properties
Furnaces replaced in 2025 at 185 and 189 Clinton St
Interior upgrades completed at 185 and 189 Clinton St, including new vinyl flooring and fresh paint (2025-2026)
These updates enhance both tenant appeal and operational efficiency, positioning the assets for stable occupancy and rental growth.
With multiple income streams and a diversified unit mix, this package is ideal for investors seeking scale, cash flow, and long-term appreciation in the growing Newark market.
Listing Details MLS# 226012519
Location Property Info
- Original List Price
- 599900
- Property Sub Type
- Twin Single
- State
- OH
- Zip Code
- 43055
- School District
- NEWARK CSD 4507 LIC CO.
- Township
- None
OfficeContract Info
- MLS Entry Date
- 2026-04-17
General Property Info
- Number of Units
- 5
- Off Street Parking Spaces
- 2
- Building Sqft
- 5444
- Year Built
- 1900
- Built Prior to 1978
- Yes
- Occupancy Rate
- 100
- Lot Size (Side)
- 160
- Acreage
- 0.53
- Assoc/Condo Fee
- 0
Tax Info
- Parcel #
- 054-272448-00.000
- Zoning
- Residential
- Mult Parcels/Sch Dis
- Yes
- Addl Parcel Numbers
- 054-272430-00.000 054-272454-00.000 054-272436-00.000
- Tax Year
- 2025
- Tax Abatement
- No
- Taxes (Yrly)
- 4745
- Tax Incentive
- No
2 Bedroom
- 2 Bedroom # of Units
- 3
- 2 Bedroom Month Rent Per Unit
- 900
3 Bedroom
- 3 Bedroom # of Units
- 2
- 3 Bedroom Month Rent Per Unit
- 1000
More Information
Financials
- Gross Rental Income
- 58200
Expenses
- R.E. Taxes
- 4745
- Property Insurance
- 3516.12
- Repairs&Maintenance
- 10600
- Water Expense
- 247.92
Auction Info
- Auction/Online Bidding Y/N
- No
Location & Property Info
- List Price/SqFt
- 107.46
- City (Mailing Addr)
- Newark
- Corp LimitPerAuditor
- Newark
Office/Contract Info
- For Sale
- Yes
- Exchange
- No
Remarks & Misc
- Property Description
- Rare opportunity to acquire a fully assembled residential portfolio in a convenient Newark location. This package includes five properties consisting of one 2-bedroom single-family home, two 3-bedroom single-family homes, and one duplex (two 2-bedroom units)--offering a strong mix of unit types to attract a broad tenant base. The portfolio has seen significant recent capital improvements, reducing near-term maintenance exposure: New roofs installed in 2023 across the properties Furnaces replaced in 2025 at 185 and 189 Clinton St Interior upgrades completed at 185 and 189 Clinton St, including new vinyl flooring and fresh paint (2025-2026) These updates enhance both tenant appeal and operational efficiency, positioning the assets for stable occupancy and rental growth. With multiple income streams and a diversified unit mix, this package is ideal for investors seeking scale, cash flow, and long-term appreciation in the growing Newark market.
Income/Expenses
- Gross Income
- 58200
- Net Operating Income
- 41700
- Total Expenses
- 16500
Addl Acceptance Cond
- None Known
- Yes
Construction
- Vinyl Siding
- Yes
Heat Fuel
- Gas
- Yes
Parking Features
- 2 Off Street
- Yes
- On Street
- Yes
Water Source
- Public
- Yes
Sewer
- Public Sewer
- Yes
- Private Sewer
- Yes
Miscellaneous
- Basement
- Yes
Tenant Pays
- Gas
- Yes
- Water
- Yes
- Electricity
- Yes
Alternate Uses
- Residential
- Yes
Heating
- Forced Air
- Yes
Air Conditioning
- Central Air
- Yes
Owner Pays
- Trash
- Yes
- Water
- Yes
MLS Primary PhotoSrc
- Print Without Photo
- Yes
Property Features
Addl Acceptance Cond:
None Known
Parking Features:
2 Off Street; On Street
Owner Pays:
Trash; Water
Tenant Pays:
Electricity; Gas; Water
Heat Fuel:
Gas
Heating:
Forced Air
Air Conditioning:
Central Air
Construction:
Vinyl Siding
Water Source:
Public
Sewer:
Public Sewer; Private Sewer
Miscellaneous:
Basement
Alternate Uses:
Residential
MLS Primary PhotoSrc:
Print Without Photo
Listing Office:
Red 1 Realty
Listing Agent:
Kristen Du Kidder
Last Updated: April - 25 - 2026
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