Duplex Investment
For Sale
Contact for pricing
249 W Church Street, Newark, OH 43055
Investment property with long-term tenants generating $1940 monthly.
Property SizeContact for details
Days on Market742
Property Features for 249 W Church Street
General Information
Standard status
Active
Property subtype
Multifamily
Net Operating Income
$19,960
Building Details
Year Built
1925
Units
2
Listing Agency:
Sell For One Percent
Listed By:
Jaime Barlow · License #2018005230
Source:
Crexi
Added: Aug 11, 2024
Changed: Aug 8
Last Checked: Aug 21 at 1:14PM
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 property presents an investment opportunity with a cap rate approaching 10%, generating approximately $1940 per month from both units. The property is a duplex with long-term tenants in both units. The downstairs unit features 2 bedrooms and 1 bath, characterized by high ceilings and ample natural light due to numerous windows. The upstairs unit includes 1 bedroom, 1 bath, a large family room, and a quaint kitchen. This property is suitable for investors looking to enter the rental market or expand their existing portfolio.
Key Highlights
- High cap rate approaching 10%.
- Generates approximately $1940 per month from both units.
- Both units have long‑term tenants.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
740
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 - Investment property with long-term tenants generating $1940 monthly.
Where is this duplex located?
The property is located at 249 W Church Street Newark, OH.
What is the asking price?
The asking price for this property is $185,888.
What are key features of this property?
This property features: High cap rate approaching 10%.; Generates approximately $1940 per month from both units.; Both units have long‑term tenants.
