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Updated Duplex
New
For Sale
$215,000

646 Mount Vernon Road, Newark, OH 43055

One residence has been refreshed and is vacant, while the second is occupied by a month-to-month tenant.

Property SizeContact for details
Days on Market3

Property Features for 646 Mount Vernon Road

General Information

Standard status Active
Property subtype Residential Income

Additional Details

Multifamily Units 2

Taxes and HOA fees

Annual Taxes $1,934

Amenities

Forced Air, Natural Gas

Building Details

Year Built 1955
Buildings 1
Listing Agency: Fathom Realty Ohio
Listed By: Michael V Dippold · License #658012528
Source: Evrealestate
Added: Oct 13 Changed: Oct 15 Last Checked: Oct 14 at 10:05PM

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 Fathom Realty Ohio

Investment Insights

Based on property information with market context.

This 1955 duplex has two distinct occupancy situations: one unit is vacant and recently updated, while the other is occupied by a long-term tenant on a month-to-month arrangement. The existing tenancy may continue, subject to the tenant’s preference.

Rear parking is accessible from an alley off Stevens Street. The property is located at 646 Mount Vernon Road in Newark, Ohio.

Key Highlights

  • Duplex built in 1955
  • Recently updated vacant unit
  • Second unit has a long‑term, month‑to‑month tenant

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Law Firm Electrical Service Furniture & Home Goods Daycare Center

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

Location Intelligence

Trade Area within ½ mile

214
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 residence has been refreshed and is vacant, while the second is occupied by a month-to-month tenant.
Where is this duplex located?
The property is located at 646 Mount Vernon Road Newark, OH.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Duplex built in 1955; Recently updated vacant unit; Second unit has a long‑term, month‑to‑month tenant
More about this property
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