122 Western AveNewark, OH 43055

For Sale
$180,500

Historic Ohio duplex, two 3-bedroom units.

Overview

Added:
Dec 11, 2024
Days on market:
93
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.

Highlights

  • $180,500 asking price for this two-unit multifamily property.
  • Located at 122 Western Avenue, Newark, OH 43055.
  • This duplex features two 3-bedroom townhomes, each renting for $1245/month.
  • Built in 1900, the property sits on a 6,098.4 sq ft lot.
  • Price per square foot is $69.16.

Property Details for 122 Western Ave

Property type
Multifamily properties, Apartment buildings
Year Built
1900
Units
2

Location Insight

City
Newark
County
Licking
State
Ohio
Latitude
40.0564809
Longitude
-82.416701
122 Western Ave, Newark, Ohio

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122 Western Ave
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