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    242 W Main St Newark, OH 43055

    Under Contract
    For Sale
    $129,000

    MULTI_FAMILY - Newark, OH

    Lot size:
    0.12 Acres
    Days on Market:
    40
    Last Refresh:
    Dec 5 at 2:06 am

    Property Features for 242 W Main St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active Under Contract
    APN
    054-255810-00.000
    Lot size
    0.12 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Water source
    Public

    Building Details

    Year built
    1900
    Number of units
    2

    Red 1 Realty, LLC (614) 585-9020 [email protected]

    Listing agent Natalie Baldwin (740) 814-9828

    Listing date Oct 27, 2025

    MLS# 225039725 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

    Newark Duplex: Investment Opportunity

    This well-maintained duplex is located minutes from downtown Newark, Ohio, with its shops, restaurants, and local amenities. The property offers an investment opportunity with cash flow. Each unit has been recently updated with flooring, fresh paint, and kitchens and baths. The duplex features living areas and off-street parking. The lot size is 0.12 acres. The property is being sold As-is.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Licking
    State
    Ohio
    Longitude
    -82.411721
    Latitude
    40.05583

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    FAQs

    What type of property is this?
    Duplex - Cash-flowing duplex near downtown Newark with updated units.
    Where is this duplex located?
    The property is located at 242 W Main St Newark, OH.
    What is the asking price?
    The asking price for this property is $129,000.
    What are key features of this property?
    This property features: - Cash-flowing duplex: Provides immediate income potential.; - Updated Units: Features recently renovated flooring, paint, kitchens, and baths.; - Prime Location: Situated minutes from downtown Newark's amenities.
    (740) 814-9828
    Request Owner's contact information
    242 W Main St 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
    242 W Main St Newark, OH 43055
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