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    45 S 5Th St Newark, OH 43055

    For Sale
    $449,900

    MULTI_FAMILY - Newark, OH

    Lot size:
    0.11 Acres
    Days on Market:
    27
    Last Refresh:
    Dec 5 at 6:06 pm

    Property Features for 45 S 5Th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    054-203130-00.000
    Parking
    4
    Lot size
    0.11 Acres

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Heating system
    Forced Air

    Building Details

    Year built
    1920
    Number of units
    5

    Century 21 Frank Frye Real Estate (740) 345-4001 [email protected]

    Listing agent Cynthia Layton (740) 403-4470

    Listing date Nov 9, 2025

    MLS# 224024323 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 Multifamily Investment Opportunity

    Located in downtown Newark's Special Improvement District, this two-story, 2,870-square-foot apartment building contains five units. The building features four studio units on the first floor and one one-bedroom, one-bathroom unit on the second floor. Each unit includes washer and dryer hookups. The property provides both off-street and on-street parking. Currently, four units rent for $800 per month, and one unit rents for $760 per month. The second-floor unit has a long-term tenant. Property updates include a roof that is less than five years old, exterior paint, new windows upstairs, and some window replacements downstairs. A storage shed is located on site. The property offers convenient access to State Routes 16, 40, 79, and 161, as well as Interstates 70, 270, and 71. The lot size is 0.11 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Licking
    State
    Ohio
    Longitude
    -82.405499
    Latitude
    40.055256

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained 5-unit apartment building in downtown Newark.
    Where is this apartment building located?
    The property is located at 45 S 5Th St Newark, OH.
    What is the asking price?
    The asking price for this property is $449,900.
    What are key features of this property?
    This property features: - Multi-unit property in downtown Newark's Special Improvement District (SID); - Five units: four studios and one 1-bed/1-bath apartment; - Current rental income: $3,960/month total from all units
    (740) 403-4470
    Request Owner's contact information
    45 S 5Th 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
    45 S 5Th St Newark, OH 43055
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