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Duplex with Build-Out Opportunity
For Sale
$85,000
Pending

151 N Cedar St, Newark, OH 43055

One unit is tenant-occupied, while the other is ready for interior reconstruction.

Property Size1,570 SF
Days on Market53

Property Features for 151 N Cedar St

General Information

Standard status Pending
Size 1,570 SF
Property subtype Multi-Family

Property Condition

Severity Major Repairs Needed
Evidence a unit completely gutted

Building Details

Year Built 1915
Listing Agency: Kali-Anne Rademacher, Errington Realty LLC
Listed By: Contact LOCAL Agent
Source: Realtyohio
Added: Aug 23 Changed: Oct 13 Last Checked: Oct 12 at 8:09PM

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 Kali-Anne Rademacher, Errington Realty LLC

Investment Insights

Based on property information with market context.

This duplex contains 1,570 square feet and dates to 1915. One unit currently has a tenant, while the second unit has been gutted and is positioned for interior build-out.

The property is located at 151 N Cedar St in Newark, Ohio, within ZIP code 43055. Its existing two-unit configuration combines current occupancy with a partially unfinished unit requiring reconstruction.

Key Highlights

  • Two‑unit residential property with 1,570 square feet
  • One unit currently has a tenant
  • Second unit is gutted and ready for build‑out

Property Analytics

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Current Use

Q'NChimney&DryerVentCleaning General Contractor

Suggested Use

Top Pick Spa & Massage Center Skin Care Clinic Daycare Center Parking Lot & Garage Auto Parts Store Bakery

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

276
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
View Realmo Analytics

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 - One unit is tenant-occupied, while the other is ready for interior reconstruction.
Where is this duplex located?
The property is located at 151 N Cedar St Newark, OH.
What is the asking price?
The asking price for this property is $85,000.
What are key features of this property?
This property features: Two‑unit residential property with 1,570 square feet; One unit currently has a tenant; Second unit is gutted and ready for build‑out
More about this property
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