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    1863 Cherry Valley Rd Newark, OH 43055

    New
    Under Contract
    For Sale
    $596,900

    MULTI_FAMILY - Newark, OH

    Lot size:
    0.51 Acres
    Days on Market:
    7
    Last Refresh:
    Dec 13 at 4:06 am

    Property Features for 1863 Cherry Valley Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    APN
    054-219936-00.000
    Parking
    20
    Lot size
    0.51 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1969
    Number of units
    7

    e-Merge Real Estate (614) 678-5505 [email protected]

    Listing agent Robert M Panian (614) 800-1975

    Listing date Dec 7, 2025

    MLS# 225043582 Listing URL

    Copyright © 2025 Columbus and Central Ohio Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Apartments and Storefront on Cherry

    Located on Cherry Valley Road in Newark, Ohio, this property features six apartments and a storefront. The six apartments currently generate a total gross monthly rent of $5700. Each renter is responsible for their individual water, gas, and electric utilities, as all units are separately metered. The apartment composition includes four two-bedroom units and two one-bedroom units. A new roof was installed in 2020. The storefront is available for showings until the lease begins. The property is situated on a 0.51-acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Licking
    State
    Ohio
    Longitude
    -82.467974
    Latitude
    40.042822

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    FAQs

    What type of property is this?
    Apartment building - Six apartments and a storefront in Newark, Ohio.
    Where is this apartment building located?
    The property is located at 1863 Cherry Valley Rd Newark, OH.
    What is the asking price?
    The asking price for this property is $596,900.
    What are key features of this property?
    This property features: - Storefront included in the property.; - New roof installed in 2020.; - Six apartments generate $5700 gross monthly rent (GMR).
    (614) 800-1975
    Request Owner's contact information
    1863 Cherry Valley Rd Newark, OH 43055
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    Newark, OH 43055
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1863 Cherry Valley Rd Newark, OH 43055
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