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Multifamily Property Ready For Rent
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51 E North Street, Newark, OH 43055

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

Property SizeContact for details
Days on Market665

Property Features for 51 E North Street

General Information

Standard status Active
Property subtype Multifamily

Building Details

Year Built 1918
Units 5
Listing Agency: Red 1 Realty
Listed By: Matthew Paley · License #2015003014
Source: Crexi
Added: Oct 27, 2024 Changed: Aug 13 Last Checked: Aug 21 at 10:24PM

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 Red 1 Realty

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

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office Parking Lot & Garage Grocery & Convenience Store Skin Care Clinic Furniture & Home Goods Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

269
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

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.
More about this property
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