Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    OFF-MARKET
    Small apartment buildings

    446 Park Ave, Newark, OH 43055

    Built 1910
    Property ID
    US66-0637367
    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 Small 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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    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
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    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.
    List this address →
    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