191 Cedar St Newark, OH 43055
This exceptional investment opportunity presents a beautifully renovated duplex located at 191 N Cedar Street, Newark, Ohio, 43055. Built in 1908 and extensively remodeled in 2023, this property boasts two spacious two-bedroom units, each offering a high level of craftsmanship. The property sits on a sizable 11,325.6 square foot double lot. The lower unit currently commands a monthly rent of $1,050, while the upper unit rents for $550 per month. Both leases are month-to-month. Tenants are responsible for all utilities. The seller covers trash removal, lawn care, structure insurance, and property maintenance. The asking price is $212,900, translating to $115.71 per square foot. This property is conveniently located near the former Bummie's location. A 48-hour notice is required for showings to allow for tenant notification. This turnkey investment offers strong rental income and significant potential for future appreciation. Don't miss this chance to acquire a well-maintained, high-yielding property in a desirable Newark location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.