Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Renovated Side-by-Side Duplex Title is generated by Realmo AI

    114-116 Maholm Street, Newark, OH 43055

    View on Map
    Claim this Listing
    For Sale
    $295,000

    Side-by-side duplex with separate utilities, updated interiors, and garages that support efficient, tenant-ready operations.

    Type:Multi-Family / Duplex
    Property size:
    2,414 SF
    Price / SF:
    $122/SF
    Added:
    Sep 28, 2025
    Days on Market:
    252
    Last Refresh:
    Jun 6 at 2:40 am

    Property Features for 114-116 Maholm Street

    General Information

    Standard status
    Active
    Size
    2,414 SF
    Property subtype
    Multi-Family / Duplex

    Building Details

    Year Built
    1900

    We can help!

    Listing Contact
    Kyle E Hall

    Listing agent Kyle E Hall License #2008001175

    Listing office Century 21 Frank Frye

    Listing date Sep 28, 2025

    Source Compass

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Frank Frye

    HighLights

    • Side‑by‑side duplex with separate utilities for each unit
    • Fully leased/100% occupied with tenants currently paying gas & electric
    • Units have been updated: gut renovation and full renovation around 2015, with additional updates in 2022
    • Large 2- to 3‑bedroom units with extra room on the main floor depending on tenant use
    • Owner pays water/sewer, trash, and mowing
    • Garages out back with space for each unit

    Overview

    The property is a side-by-side built duplex containing two units with flexible layouts that provide large 2 to 3 bedroom configurations. Each unit includes an extra room on the main floor that can be used depending on tenant needs. The building was gutted and fully renovated around 2015, with additional updates completed in 2022. Both units have separate utilities, and tenants currently pay gas and electric. Owner-paid expenses include water/sewer, trash, and mowing. There is garage space out back for each unit, supporting tenant convenience and daily usability.

    The duplex is located at 114-116 Maholm Street in Newark, Ohio. The property is currently fully leased and occupied. The unit setup includes independent utility responsibility, which can help simplify budgeting and reduce shared-service complexity for an incoming owner.

    For investors or owner-operators, this duplex offers a turn-key, rental-focused configuration with recent renovation history and a tenant-friendly layout. Separate utilities and on-site garage space align with common residential income demands, while the owner’s defined responsibility for water/sewer, trash, and mowing provides clearer expense structure. Tenants rights are noted, and the property is described as 100% occupied.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $36.2k $15.00
    − Vacancy −$1.5k −$0.61
    EGI $34.7k $14.39
    − OpEx −$10.4k −$4.32
    NOI $24.3k $10.07
    2,414 SF · lease $15.00/SF/yr · vacancy 4.08% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $347.3K
    $303.9K – $405.2K (±1% cap)
    NOI $24,313 @ 7.0% cap · market cap 8.24%
    Second Best
    Apartment 5plus
    $315.8K
    $276.4K – $368.5K (±1% cap)
    NOI $22,109 @ 7.0% cap · market cap 7.49%
    Theoretical Best
    Flex RnD
    $1.94M
    $1.70M – $2.26M (±1% cap)
    NOI $135,711 @ 7.0% cap · market cap 46.00%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Licking
    State
    Ohio
    Longitude
    -82.4245246
    Latitude
    40.0514216

    Nearby Similar for Sale

    • $599,900
      2,576 SF

      Retail Storefront Property

      Standalone retail storefront with a small commercial footprint for an owner-operator ready to establish a new business.
      340 Mount Vernon Road, Newark, OH 43055
      View Details
    • $129,900
      1,800 SF

      Downtown Newark Turn-Key Retail Business

      Profitable retail food business in a vibrant downtown location.
      4 N Park Place, Newark, OH 43055
      View Details
    • $2,500,000
      44,000 SF

      Retail Strip Center Investment Opportunity

      44,000 SF retail strip center anchored by Family Dollar.
      1012 - 1066 Mount Vernon Road, Newark, OH 43055
      View Details
    • $290,000

      Side-by-Side Duplex Income Property

      Updated duplex with separate utilities and leased 2 to 3 bedroom units, plus rear garage space for each unit.
      114-116 Maholm Street, Newark, OH 43055
      View Details
    • $825,000
      7,368 SF

      Functional Flex Space in Newark

      Move-in ready flex space with warehouse and office areas.
      1987 Coffman Road, Newark, OH 43055
      View Details
    • $1,550,000
      5,283 SF

      Office Space with Ample Parking

      Conveniently located office space for rent with utilities included.
      195 Union St, Newark, OH
      View Details
    • $1,795,000
      30,692 SF

      Multi-Tenant Office Building Investment

      Fully leased office building with strong income and 8% CAP.
      195 Union Street, Newark, OH 43055
      View Details
    • $2,515,000
      10,242 SF

      CVS NNN Investment Opportunity

      Long-term CVS lease with corporate guaranty in Newark, OH.
      955 N 21st St, Newark, OH 43055
      View Details
    • $585,000

      Newark Residential Portfolio Opportunity

      Residential portfolio in Newark with recent capital improvements.
      Newark, OH 43055
      View Details
    • $2,750,000
      2,000 SF

      Retail Space on Deo Drive

      2,000 SF retail space with high visibility.
      238-305 Deo Dr, Newark, OH
      View Details
    • $825,000
      7,368 SF

      Versatile Flex Space Building

      7,368 SF flex space with warehouse and parking.
      1987 Coffman Rd, Newark, OH
      View Details
    • $1,550,000
      34,880 SF

      Multi-Tenant Office Building

      Fully leased multi-tenant office building with scheduled parking lot asphalt improvements supporting day-to-day usability.
      195 Union Street, Newark, OH 43055
      View Details

    FAQs

    What type of property is this?
    Duplex - Side-by-side duplex with separate utilities, updated interiors, and garages that support efficient, tenant-ready operations.
    Where is this duplex located?
    The property is located at 114-116 Maholm Street Newark, OH.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: Side‑by‑side duplex with separate utilities for each unit; Fully leased/100% occupied with tenants currently paying gas & electric; Units have been updated: gut renovation and full renovation around 2015, with additional updates in 2022
    (740) 504-5837
    We can help!
    Listing Contact
    Kyle E Hall
    Real Estate License ID: 2008001175
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    114-116 Maholm Street, Newark, OH 43055
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!