51 E North Street, Newark, OH 43055

Building Details

Year Built 1918 More

Units 5 More

Listing Agency: Red 1 Realty

Listed By: Matthew Paley · License #2015003014 Show Phone

Source: Crexi

Added: Oct 27, 2024 Changed: Nov 1 Last Checked: Nov 8 at 6:19AM

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Investment Insights

Based on property information with market context.

This multifamily property features five one-bedroom units. The property is described as ready for rent, with similar units in the area renting for $800-$1000. The property has separate gas meters and includes many new upgrades, presenting a potential cash flow opportunity.

Key Highlights

• Ready for rent, generating immediate cash flow.
• Multifamily property with 5 individual units.
• Each unit has 1 bedroom.

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Location Intelligence

Trade Area within ½ mile

269

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?

Apartment building - Multifamily property featuring five one-bedroom units, ready for rent.

Where is this apartment building located?

The property is located at 51 E North Street Newark, OH.

What is the asking price?

The asking price for this property is $315,000.

What are key features of this property?

This property features: Ready for rent, generating immediate cash flow.; Multifamily property with 5 individual units.; Each unit has 1 bedroom.