Duplex with Month-to-Month
351-353 Barclay Street Newark, OH 43055
351-353 Barclay Street, Newark, OH, 43055
$189,900
For Sale
$189,900
Duplex with both units rented on month-to-month terms and multiple updates, including washer/dryer hookups and fenced yards.
Property Size1,800 SF
Price / SF$105.50
Days on Market11
Property Features for 351-353 Barclay Street
General Information
- Standard status
- Active
- Size
- 1,800 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1900
Listing agency
Coldwell Banker Real Estate LLC
(740) 975-9008
Listed by
Lorie Ault · License #2013004576
(740) 975-9008
Source
Compass
Added: Jul 12 Updated: Jul 21 at 10:58PM Checked: Jul 21 at 10:58PM
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 Coldwell Banker Real Estate LLC
Investment Insights
Based on property information with market context.
This duplex offers two rented units on month-to-month terms. Unit 353 includes updated vinyl flooring, a new refrigerator, modern lighting, new basement doors, and a refreshed kitchen with new cabinets and plumbing. Additional improvements include newer carpet on the stairs, and the kitchen appliances stay. Both units provide washer/dryer hookups, and the exterior includes a power-washed finish.
The property sits on a large lot with mostly fenced-in yard space, including a portion that extends to the side of the home. The yard layout is designed to provide usable outdoor space while maintaining a degree of privacy.
As with any income property with expansion or reconfiguration considerations, buyers should perform due diligence regarding zoning, parcel split possibilities, development prospects, and permitted uses.
The property sits on a large lot with mostly fenced-in yard space, including a portion that extends to the side of the home. The yard layout is designed to provide usable outdoor space while maintaining a degree of privacy.
As with any income property with expansion or reconfiguration considerations, buyers should perform due diligence regarding zoning, parcel split possibilities, development prospects, and permitted uses.
Key Highlights
- Duplex built in 1900 with both units rented on month‑to‑month terms
- Unit 353 updates include vinyl flooring, new refrigerator, refreshed kitchen with new cabinets and plumbing, and new basement doors
- Both units include washer/dryer hookup space and kitchen appliances stay
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.3k | $17.40 |
| − Vacancy | −$1.3k | −$0.75 |
| EGI | $30.0k | $16.65 |
| − OpEx | −$13.5k | −$7.49 |
| NOI | $16.5k | $9.16 |
1,800 SF · lease $17.40/SF/yr · vacancy 4.30% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$259.0K
$226.6K – $302.2K
NOI $18,129 @ 7.0% cap · market cap 9.55%
Second Best
Apartment 5plus
$235.5K
$206.1K – $274.8K
NOI $16,485 @ 7.0% cap · market cap 8.68%
Theoretical Best
Flex RnD
$1.45M
$1.26M – $1.69M
NOI $101,193 @ 7.0% cap · market cap 53.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex with both units rented on month-to-month terms and multiple updates, including washer/dryer hookups and fenced yards.
Where is this duplex located?
The property is located at 351-353 Barclay Street Newark, OH.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: Duplex built in 1900 with both units rented on month‑to‑month terms; Unit 353 updates include vinyl flooring, new refrigerator, refreshed kitchen with new cabinets and plumbing, and new basement doors; Both units include washer/dryer hookup space and kitchen appliances stay
