1863 Cherry Valley Road Newark, OH ^$ 596,900

1863 Cherry Valley Road

^$ 596,900

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1863 Cherry Valley Road

Newark, OH, 43055

^$ 596,900

Bedrooms10 Baths0.0

Monthly Estimate*

^$ 3,675

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Multi-Family Home for sale in Newark, OH

for $596,900 with 10 bedrooms. This home was built in 1969 on a lot size of 0.51.

Six apartments and a storefront located on Cherry Valley Rd. The 6 apartments are currently renting for a total of GMR $5700. Each renter pays for water, gas, and electric. All units are metered separately. Four of the units are two bedroom and two are one bedroom. New roof in 2020. Curb Offers required for showings of apartments as not to disturb renters. Store front available for showings until lease begins.

Multi-Family Contingent

Price

^$ 596,900

Bedrooms

Property Type

Multi-Family

Taxes

^$ 5,742

Style

Lot Size

0.51

Year Built

1969

Town/City

Newark

County/Region

Licking

MLS | Web ID

225043582

Features

General

Sewer Public Sewer

Heating Forced Air

Cooling Central Air

Year Built 1969

Township None

Property Subtype Mixed Use

Tax Year 2024

Gross Income 68400.0

County Licking

Net Operating Income 52560.0

Operating Expense 15840.0

Insurance Expense 900.0

Property Type Multi-Family

MaintenanceExpense 2400.0

Possible Use Commercial

Status Contingent

City Newark

High School District NEWARK CSD 4507 LIC CO.

Zoning Description Commerical

Number Of Units Total 7

Lot Size Square Feet 22215.6

Land Lease Y/N N

Tax Annual Amount 5742.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Rent Control Y/N N

Standard Status Active Under Contract

Senior Community None

New Construction None

New Financing Coventional True

Exterior

Parking Features Common

Total Parking 20.0

Lot Size Area 0.51

Spa N

Lot Size Acres 0.51

Crops Included Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Air Conditioning Y/N Y

Total Baths 0

Heating-Forced Air True

Internal Only

Street Number 1 1863

* Excluded Features

List By

Robert M Panian

Listing Agent

E-Merge Real Estate

Broker

Robert.Panian@e-merge.com

Affordability Calculator

$4,154

Per Month

Monthly Principal & Interest: $3,675
Monthly Property Taxes: $479
Monthly Home Insurance: --

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Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Newark, OH

Average List Price ^$257,588

Percent of Sale Price 57%

About Newark, OH

49,074 Population

5% Since 2002

^$40,277 Median Income

38.41 Median Age

28% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

1421185 Elementary School

1421191 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/20/2025	$596,900		Listed Price

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1863 Cherry Valley Road, Newark, OH, 43055 is a Multi-Family Home for sale at $596,900 with a lot size of 0.51. 1863 Cherry Valley Road has 10 bedrooms, 0.0 baths, and was built in 1969. The property's zip code is 43055 which is in Newark, OH

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the Columbus REALTORS(r)

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Columbus REALTORS(r). Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Data is updated as of 2/24/2026.

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1863 Cherry Valley Road

Multi-Family Home for sale in Newark, OH

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