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4-Unit Quadplex with Fire Damage
For Sale
Contact for pricing
Pending

361 Granville Street, Newark, OH 43055

Four-unit residential property with one-bedroom, one-bath layouts and documented fire damage requiring rehabilitation.

Property SizeContact for details
Days on Market871

Property Features for 361 Granville Street

General Information

Standard status Pending
Property subtype Multifamily

Building Details

Year Built 1885
Units 4
Listing Agency: Focus Realty and ManagementLLC
Listed By: Bryan Gibson · License #2022000958
Source: Crexi
Added: May 31, 2024 Changed: Oct 3 Last Checked: Oct 16 at 8:16AM

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 Focus Realty and ManagementLLC

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Investment Insights

Based on property information with market context.

Built in 1885, this quadplex contains four residential units, each configured with one bedroom and one bathroom. The property has sustained fire damage and requires rehabilitation, making the condition an important consideration for prospective purchasers.

The building is located at 361 Granville Street in Newark, Ohio, 43055. Its four-unit configuration and consistent unit layout provide a straightforward residential income property format, subject to restoration and further evaluation.

Key Highlights

  • Four‑unit quadplex configuration
  • Each unit includes 1 bedroom and 1 bathroom
  • Property has fire damage requiring rehabilitation

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Dental Office Restaurant Skin Care Clinic Pharmacy Spa & Massage Center

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

Location Intelligence

Trade Area within ½ mile

305
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Quadplex - Four-unit residential property with one-bedroom, one-bath layouts and documented fire damage requiring rehabilitation.
Where is this quadplex located?
The property is located at 361 Granville Street Newark, OH.
What is the asking price?
The asking price for this property is $65,000.
What are key features of this property?
This property features: Four‑unit quadplex configuration; Each unit includes 1 bedroom and 1 bathroom; Property has fire damage requiring rehabilitation
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