Investment Opportunity: Newark
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178 S 4th Street, Newark, OH 43055
Duplex with tenants, generating $1900 monthly income.
Property SizeContact for details
Days on Market750
Property Features for 178 S 4th Street
General Information
Standard status
Active
Property subtype
Multifamily
Net Operating Income
$19,480
Building Details
Year Built
1908
Units
2
Listing Agency:
Sell For One Percent
Listed By:
Jaime Barlow · License #2018005230
Source:
Crexi
Added: Aug 11, 2024
Changed: Aug 15
Last Checked: Aug 29 at 1:02PM
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 Sell For One Percent
Investment Insights
Based on property information with market context.
This duplex presents an investment opportunity with a cap rate approaching 10%, generating approximately $1900 per month from both units. The property is currently occupied by tenants who are interested in remaining. The downstairs unit features hardwood flooring, doors, and trim, along with ample windows for natural light and tall ceilings. It includes 2 bedrooms, 1 full bath, a spacious kitchen, and a private back deck. The upstairs unit offers 1 bedroom, 1 bath, plush carpet, and faux-wood flooring, complemented by a good-sized kitchen and a living room. Recent upgrades to the upstairs unit include a new furnace, Pex plumbing, and LVP flooring. This property is suitable for investors seeking to enter the rental market or expand their existing portfolio.
Key Highlights
- High cap rate approaching 10% offers excellent investment potential.
- Generates approximately $1900 per month from both units.
- Both units are currently occupied with tenants who wish to remain.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
912
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex with tenants, generating $1900 monthly income.
Where is this duplex located?
The property is located at 178 S 4th Street Newark, OH.
What is the asking price?
The asking price for this property is $187,888.
What are key features of this property?
This property features: High cap rate approaching 10% offers excellent investment potential.; Generates approximately $1900 per month from both units.; Both units are currently occupied with tenants who wish to remain.
