Property profile

446 Park Ave Newark, OH 43055

OFF-MARKET
Apartment buildings
Property ID
US66-0637367
Built 1910
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This charming two-unit apartment building, located at 446 Park Avenue in Newark, Ohio, presents a fantastic investment opportunity. Built in 1910, the property sits on a sizable 6,969.6 square foot lot and is offered at $179,000 ($91.56 per square foot). The building comprises two distinct units: a downstairs unit featuring two bedrooms and one bathroom, and an upstairs unit with one bedroom and one bathroom. Each unit boasts separate utilities, including water, gas, and electric meters, offering convenient management and cost tracking. The downstairs unit is equipped with a gas furnace and central air conditioning, while the upstairs unit has a gas heater and window air conditioning units. Off-street parking is available both in the driveway and at the rear of the property. The property's layout offers flexibility; it could easily be converted back into a single-family home, or further renovations could potentially increase the number of bedrooms. This property is situated in the 43055 zip code of Newark, Licking County, Ohio. The combination of its location, size, and potential for future development makes this a compelling investment prospect.

Property profile

Verified
Property type Apartment buildings
Year built 1910
UPID US66-0637367

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

446 Park Ave Newark, OH 43055
Newark metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 446 Park Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message