Renovated Side-by-Side
114-116 Maholm Street Newark, OH 43055
114-116 Maholm Street, Newark, OH, 43055
$290,000
For Sale
$290,000
Side-by-side duplex with separate utilities, updated interiors, and garages that support efficient, tenant-ready operations.
Property Size2,414 SF
Price / SF$120.13
Days on Market165
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
Listing agency
Century 21 Frank Frye
(740) 504-5837
Listed by
Kyle E Hall · License #2008001175
(740) 504-5837
Source
Compass
Added: Feb 6 Updated: Jul 10 at 1:50PM Checked: Jul 21 at 6:28AM
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
Investment Insights
Based on property information with market context.
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.
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.
Key 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
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
NOI $24,313 @ 7.0% cap · market cap 8.38%
Second Best
Apartment 5plus
$315.8K
$276.4K – $368.5K
NOI $22,109 @ 7.0% cap · market cap 7.62%
Theoretical Best
Flex RnD
$1.94M
$1.70M – $2.26M
NOI $135,711 @ 7.0% cap · market cap 46.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
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 $290,000.
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
