Multi-Family: MLS #226012519 Newark, OH $ 599,900
Multi-Family: MLS #226012519
$ 599,900
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Multi-Family: MLS #226012519

Newark, OH, 43055
$ 599,900
Bedrooms12 Baths0.0

Monthly Estimate*

$ 3,694

MLS #/Web ID: 226012519 - Image 1
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MLS #/Web ID: 226012519 - Image 7
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MLS #/Web ID: 226012519 - Image 11
MLS #/Web ID: 226012519 - Image 12

Multi-Family Home for sale in Newark, OH

for $599,900 with 12 bedrooms. This home was built in 1900 on a lot size of 0.53.

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.

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Multi-Family Active

Price

$ 599,900

Bedrooms

12

Property Type

Multi-Family

Taxes

$ 4,745

Style

Lot Size

0.53

Year Built

1900

Town/City

Newark

County/Region

Licking

MLS | Web ID

226012519

Features
General
Sewer Private Sewer Public Sewer
Heating Forced Air
Cooling Central Air
HOA Fee 0.0
Year Built 1900
Township None
Property Subtype Twin Single
Tax Year 2025
Gross Income 58200.0
Additional Parcels Description 054-272430-00.000 054-272454-00.000 054-272436-00.000
Net Operating Income 41700.0
Operating Expense 16500.0
Insurance Expense 3516.12
Property Type Multi-Family
MaintenanceExpense 10600.0
Status Active
City Newark
High School District NEWARK CSD 4507 LIC CO.
Zoning Description Residential
Number Of Units Total 5
Lot Size Square Feet 23086.8
Land Lease Y/N N
Tax Annual Amount 4745.0
Water Sewer Expense 247.92
Lease Renewal Y/N N
Additional Parcels Y/N Y
Rent Control Y/N N
Standard Status Active
Senior Community None
New Construction None
Year Built Effective 2023
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Exterior
Water Source Public
Lot Size Area 0.53
Spa N
Lot Size Acres 0.53
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Air Conditioning Y/N Y
Total Baths 0
Heating-Forced Air True
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* Excluded Features
List By
Kristen Du Kidder

Listing Agent

Red 1 Realty

Broker

move2cbus@gmail.com

Email

Affordability Calculator

$4,089
Per Month
90%
10%
0%
Monthly Principal & Interest
$3,694
Monthly Property Taxes
$395
Monthly 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
1421185 Elementary School
1421191 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/17/2026$599,900 Listed Price

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