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 propertiesFurnaces replaced in 2025 at 185 and 189 Clinton StInterior 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.

| MLS# 226012519

This multi-family property located at , Newark, OH 43055 is currently listed for sale with an asking price of $585,000. is located within the NEWARK CITY school district.

Property Features

Property Type: Multi Unit - Multiple

Cooling: Central Air

Days on Market: 13

Heating: Forced Air

Lot Size: 0.53 Acres

Taxes: $4,745

Year Built: 1900

Feature Descriptions

Parcel #: 054-272448-00.000

Local Schools

School District: NEWARK CITY

Demographics

County Demographic Information for Please Call For Address, Newark, OH 43055

Fips

Fips Code 39089

Population

2020 to 2025 Change up 4.0%

2010 Count 166,492

2020 Count 178,519

2025 Estimate (V2025) 185,564

2020 Estimate (V2025) 178,513

Age Distribution (Years Old)

0 to 4 5.2%

5 to 17 22.3%

18 to 64 54.3%

65 and Older 18.2%

Gender

Male 49.4%

Female 50.6%

Place of Birth

Foreign 4.6%

US 95.4%

Education

High School Graduate, Age 25+ 93.5%

Bachelor's Degree or Higher, Age 25+ 29.3%

Computer and Internet use

Households with a computer 95.2%

Households with a broadband Internet subscription 92.4%

Language

English is Second Language, Age 5+ 6.8%

English is First Language, Age 5+ 93.2%

Veterans

Veterans 11,370

Income

Per Capita Income $42,609

Median Household Income $84,426

People in Poverty 9.2%

Commute

Average Work Commute Time 27 minutes

Housing

Total Housing Units 73,313

Households 68,620

Average Household Size 2.60

Owner-Occupied 73.7%

Multi-Family 17.2%

Owner-Occupied Median Value $275,200

Median selected monthly owner costs -with a mortgage $1,693

Median selected monthly owner costs -without a mortgage $631

Median gross rent $1,078

Building Permits

New Private Housing Issued 2024 156

Years at Residence

1 Year or More 90.7%

Less Than 1 Year 9.3%

Business and Employment

Private non-farm Establishments 3,277

Private non-farm Employment 77,088

Private non-farm Employment Growth up 2.2%

Nonemployer Establishments 13,733

Number of Firms 2,336

Business Production

Value of Shipments $3,385,197,000

Wholesale Trade $967,362,000

Retail Trade $2,497,946,000

Retail Sales Per Capita $14,653

Accommodation and Food Services $240,471,000

Land

Land Area 682.50 sq. miles

Population Per Square Mile 244

Source: US Census Bureau

Estimate Your Payment

Estimated Payment

$ 3,539.53 per month $2,973.48 Principal & Interest $395.42 Property Tax $170.63 Homeowner's Insurance

Change Payment Information

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Newark, OH 43055