Building Details

Tenancy Multi

Listing Agency: Red 1 Realty

Listed By: Nicole MacLellan · License #2015003047

Source: Crexi

Added: Apr 11 Changed: Aug 29 Last Checked: Aug 29 at 3:53PM

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Investment Insights

Based on property information with market context.

This duplex at 223 Mt Vernon Rd in Newark, Ohio, includes two residential units that are currently occupied by renters. The property is being offered as-is, providing a straightforward opportunity to acquire an occupied residential income property.

Key Highlights

• Duplex with two residential units
• Both units currently occupied by renters
• Property offered in as‑is condition

Property Analytics

Property Profile

Current Use

Duplexes

Suggested Use

Top Pick Dental Office Parking Lot & Garage (Bike/Boat/Book/etc) Store Bakery Garden Center Furniture & Home Goods

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

1,000

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

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 - Both units have renters in place, and the property is offered in its current as-is condition.

Where is this duplex located?

The property is located at 223 Mt Vernon Rd Newark, OH.

What are key features of this property?

This property features: Duplex with two residential units; Both units currently occupied by renters; Property offered in as‑is condition