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Renovated Side-by-Side Duplex
For Sale
$290,000
Pending

114-116 Maholm Street, Newark, OH 43055

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

Property SizeContact for details
Days on Market98

Property Features for 114-116 Maholm Street

General Information

Standard status Pending
Property subtype Multi Family Home
Occupancy 100%

Additional Details

Multifamily Units 2

Taxes and HOA fees

Annual Taxes $2,272

Building Details

Year Built 1900
Year Renovated 2022
Units 2
Tenancy Multi
Listing Agency: Century 21 Frank Frye
Listed By: Kyle E Hall · License #2008001175
Source: Hcblandrealty
Added: Jun 4 Changed: Sep 8 Last Checked: Aug 25 at 9:17AM

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.

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

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Pharmacy Parking Lot & Garage (Bike/Boat/Book/etc) Store Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

408
Businesses Nearby

Demographics for 43055, OH

62,590
Population
27,046
Households
2.3
Avg Household Size
40
Median Age
23%
College-Educated
92%
High-School Grad
112.7 sq mi
ZIP Area
555
Density / Sq Mi
$61,807
Median Household Income
$39,412
Median Earnings
$920
Median Rent
$185,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

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
More about this property
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