Two-Unit
New
For Sale
$194,900
145 W Railroad St, Newark, OH 43055
Both residences are occupied and offer matching two-bedroom, one-bathroom layouts.
Property Size1,644 SF
Price / SF$118.55
Days on Market3
Property Features for 145 W Railroad St
General Information
Standard status
Active
Size
1,644 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1900
Tenancy
Multi
Listing Agency:
Aftab Mike Syed, RE/MAX Connection
Listed By:
Rhiannon Ferrari
(614) 226-1039
Source:
Ferrarihomegroup
Added: Oct 5
Changed: Oct 6
Last Checked: Oct 5 at 4:53PM
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 Aftab Mike Syed, RE/MAX Connection
Investment Insights
Based on property information with market context.
This duplex contains two separate residences, each configured with two bedrooms and one full bathroom. The property totals 1,644 square feet and was built in 1900. Both units are currently tenant occupied.
Key Highlights
- Two separate residential units, each with 2 bedrooms and 1 full bathroom
- 1,644 square feet total
- Built in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,558
Cap Rate
8.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$331,160
$331.2K
Cap Rate 7%
$236,543
$236.5K
Cap Rate 9%
$183,978
$184.0K
Market Conditions
NOI Build-Up for 1,644 SF
Gross rent
$24.7K $15.00/SF
− Vacancy
−$1.0K −$0.61/SF
EGI
$23.7K $14.39/SF
− OpEx
−$7.1K −$4.32/SF
NOI
$16.6K $10.07/SF
Area
Licking County, OH
Vacancy
4.08%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$331,160
Cap Rate 7%
$236,543
Cap Rate 9%
$183,978
Alternative Uses
Best Use
Multifamily LT 5
$236.5K
$207.0K – $276.0K
NOI $16,558 @ 7.0% cap · market cap 8.50%
Second Best
Apartment 5plus
$215.1K
$188.2K – $251.0K
NOI $15,057 @ 7.0% cap · market cap 7.73%
Theoretical Best
Flex RnD
$1.32M
$1.16M – $1.54M
NOI $92,423 @ 7.0% cap · market cap 47.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
955
Businesses Nearby
Explore this area
Business Placement
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are occupied and offer matching two-bedroom, one-bathroom layouts.
Where is this duplex located?
The property is located at 145 W Railroad St Newark, OH.
What is the asking price?
The asking price for this property is $194,900.
What are key features of this property?
This property features: Two separate residential units, each with 2 bedrooms and 1 full bathroom; 1,644 square feet total; Built in 1900
