178 4Th StNewark, OH 43055

For Sale
$188,777

Two-unit rental, strong cash flow.

Overview

Added:
Dec 11, 2024
Days on market:
93
This charming Newark, Ohio duplex presents a compelling investment opportunity, boasting a desirable 10% cap rate and generating approximately $1900 in monthly rental income. Situated at 178 S 4th Street, this 1908-built property sits on a 6,534 sq ft lot and comprises two distinct rental units, currently occupied by tenants seeking to remain. The ground floor unit showcases original hardwood floors, doors, and trim, complemented by abundant natural light from numerous windows, high ceilings, two bedrooms, a full bathroom, a spacious kitchen, and a private back deck. Upstairs, a one-bedroom, one-bathroom unit features plush carpeting and faux-wood flooring in select areas, a well-sized kitchen, and a comfortable living room. Recent upgrades to the upper unit include a new furnace, PEX plumbing, and luxury vinyl plank (LVP) flooring. The property's price per square foot is $105.58, and the asking price is $188,777. This turnkey investment is ideal for both seasoned investors seeking portfolio expansion and newcomers to the rental market. Curb offers are accepted, contingent upon a walkthrough inspection within 48 hours of contract acceptance.

Highlights

  • $188,777 asking price.
  • Multifamily property, 2-unit apartment building (duplex).
  • $105.58 price per square foot.
  • Built in 1908, situated on a 6,534 sq ft lot.
  • Located at 178 S 4th Street, Newark, OH 43055.

Property Details for 178 4Th St

Property type
Multifamily properties, Apartment buildings
Year Built
1908
Units
2

Location Insight

City
Newark
County
Licking
State
Ohio
Latitude
40.0514799
Longitude
-82.401306
178 4Th St, Newark, Ohio

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178 4Th St
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