122 Western Ave Newark, OH 43055
- Apartment buildings
Current Use by Public Records
- Apartment buildings
Property Details for 122 Western Ave
- Year built
- 1900
- Property type
- Apartment buildings
- Property subtype
- Small apartment buildings
Description
This charming 1900-built brick duplex in Newark, Ohio presents a compelling investment opportunity. Located at 122 Western Avenue, this property boasts two identical three-bedroom townhouses, each currently generating $1245 in monthly rent, increased effective July 1st, 2024. Tenants are responsible for water, gas, and electric utilities. Each unit features a full basement and covered front and rear porches, offering tenants comfortable living spaces. The property sits on a sizable 6,098.4 square foot lot, providing ample space. The asking price is $180,500, translating to $69.16 per square foot. While the property could benefit from some renovations, its quiet location and stable, long-term tenants make it an attractive prospect for investors seeking a solid return. The property's address is 122 Western Avenue, Newark, OH 43055, situated in Licking County. This duplex represents a chance to acquire a well-located multifamily property with immediate cash flow potential in a desirable Ohio market. The property's historical charm combined with its current rental income makes it an ideal addition to any investment portfolio.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Newark
- County
- Licking
- State
- Ohio
- Longitude
- -82.4167
- Latitude
- 40.0565
