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

151 N Cedar St, Newark, OH 43055

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

Property Size1,570 SF
Price / SF$54.14
Days on Market7

Property Features for 151 N Cedar St

General Information

Standard status Active
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: Adam Woodring, Mainstay Brokerage LLC
Listed By: Contact LOCAL Agent
Source: Realtyohio
Added: Aug 23 Changed: Aug 28 Last Checked: Aug 28 at 10:14AM

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 Adam Woodring, Mainstay Brokerage 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

Current Use

Q'NChimney&DryerVentCleaning General Contractor

Suggested Use

Top Pick Spa & Massage Center Daycare Center Skin Care Clinic 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

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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