Duplex with Updated
New
For Sale
$185,000
229 E State Street, Newcomerstown, OH 43832
ResidentialIncome, Newcomerstown, OH
Property Size2,100 SF
Lot Size0.14 Acres
Price / SF$88.10
Days on Market7
Property Features for 229 E State Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bedroom 5, Bathroom 2, Basement, Bedroom 2, Bedroom 4, Bathroom 1
Parking features
Parking Lot
Subdivision
Oxford Add
Elementary school district
Newcomerstown EVSD - 7905
Middle school district
Newcomerstown EVSD - 7905
High school district
Newcomerstown EVSD - 7905
Directions
Located on East State Street in Newcomerstown
Standard status
Active
APN
4501994000
Size
2,100 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
WHOLE 367
Tax Annual Amount
645
Legal Description
WHOLE 367
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Electric (Heating), Baseboard, Forced Air
Cooling system
Window Unit(s), Central Air
Water source
Public
Amenities
laundry area
Building Details
Year built
1910
Floors in Building
2
Building materials
VinylSiding
Roof type
Fiberglass, Asphalt
Listing Agency:
RE/MAX Crossroads Properties · RE/MAX International
(330) 308-9278
Listed By:
Ron A Hickman · License #397385
(330) 204-1025
Added: Oct 16
Changed: Oct 18
Last Checked: Oct 22 at 7:06PM
MLS# 5254137
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This duplex contains two apartments within a 2,100-square-foot building. The first-floor unit has three bedrooms and one bathroom, while the upper apartment has two bedrooms and one bathroom. Each apartment includes a separate laundry area. Heating is provided by natural gas and electric systems, with baseboard and forced-air equipment; cooling includes window units and central air. The property was built in 1910 and sits on 0.1437 acres.
A separate 36-by-32-foot garage has new doors, siding, and roofing. Public water and public sewer serve the property.
A separate 36-by-32-foot garage has new doors, siding, and roofing. Public water and public sewer serve the property.
Key Highlights
- Two apartments: one with 3 bedrooms and 1 bathroom, the other with 2 bedrooms and 1 bathroom
- Separate laundry area in each apartment
- 36‑by‑32‑foot garage with new doors, siding, and roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,385
Cap Rate
8.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$307,700
$307.7K
Cap Rate 7%
$219,786
$219.8K
Cap Rate 9%
$170,944
$170.9K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$30.2K $14.40/SF
− Vacancy
−$2.3K −$1.08/SF
EGI
$28.0K $13.32/SF
− OpEx
−$12.6K −$5.99/SF
NOI
$15.4K $7.33/SF
Area
Tuscarawas County, OH
Vacancy
7.50%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$307,700
Cap Rate 7%
$219,786
Cap Rate 9%
$170,944
Alternative Uses
Best Use
Multifamily LT 5
$248.1K
$217.1K – $289.5K
NOI $17,367 @ 7.0% cap · market cap 9.39%
Second Best
Apartment 5plus
$219.8K
$192.3K – $256.4K
NOI $15,385 @ 7.0% cap · market cap 8.32%
Theoretical Best
Office A
$391.3K
$342.4K – $456.6K
NOI $27,393 @ 7.0% cap · market cap 14.81%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
273
Businesses Nearby
Explore this area
Business Placement
Demographics for 43832, OH
7,341
Population
3,349
Households
2.2
Avg Household Size
43
Median Age
12%
College-Educated
84%
High-School Grad
101.0 sq mi
ZIP Area
73
Density / Sq Mi
$50,941
Median Household Income
$35,790
Median Earnings
$822
Median Rent
$121,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate apartments offer a three-bedroom and a two-bedroom layout, each with its own laundry area.
Where is this duplex located?
The property is located at 229 E State Street Newcomerstown, OH.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Two apartments: one with 3 bedrooms and 1 bathroom, the other with 2 bedrooms and 1 bathroom; Separate laundry area in each apartment; 36‑by‑32‑foot garage with new doors, siding, and roof
