242 W Main St Newark, OH 43055
Estimated payment $768/month
About This Home
Cash-Flowing Duplex Near Downtown Newark!
Excellent investment opportunity! This well-maintained, cash-flowing duplex is ideally located just minutes from downtown Newark's shops, restaurants, and local amenities. Each unit has been recently renovated with modern finishes, updated flooring, fresh paint, and stylish kitchens and baths.
Both units are fully occupied with great long-term tenants who wish to stay, providing immediate, stable income for the next owner. Each side features spacious living areas, updated finishes, and off-street parking.
Whether you're looking to expand your rental portfolio or step into a turnkey investment, this property delivers strong returns and minimal maintenance in a prime location.
Please do not disturb tenants. Selling As-is. Agent related to seller.
Listing Agent
Natalie Baldwin
Red 1 Realty License #2025001674 Listed on: 10/20/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,030
Year Built
- Built in 1900
Lot Details
- 5,227 Sq Ft Lot
Home Design
- 1,779 Sq Ft Home
- Duplex
- Vinyl Siding
Parking
- On-Street Parking
- Off-Street Parking
Utilities
- Forced Air Heating System
- Heating System Uses Gas
Additional Features
- Basement
Listing and Financial Details
- Assessor Parcel Number 054-255810-00.000
Community Details
Overview
- 2 Units
Building Details
- Operating Expense $100
- Gross Income $1,100
- Net Operating Income $1,000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $1,030 | $28,040 | $5,600 | $22,440 |
| 2023 | $2,665 | $28,040 | $5,600 | $22,440 |
| 2022 | $735 | $17,780 | $2,940 | $14,840 |
| 2021 | $771 | $17,780 | $2,940 | $14,840 |
| 2020 | $788 | $17,780 | $2,940 | $14,840 |
| 2019 | $683 | $14,810 | $2,450 | $12,360 |
| 2018 | $683 | $0 | $0 | $0 |
| 2017 | $655 | $0 | $0 | $0 |
| 2016 | $832 | $0 | $0 | $0 |
| 2015 | $850 | $0 | $0 | $0 |
| 2014 | $1,059 | $0 | $0 | $0 |
| 2013 | $809 | $0 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/20/2025 10/20/25 | For Sale | $129,000 | -- | $73 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $51,500 | None Available | |
| Warranty Deed | $39,000 | None Available | |
| Warranty Deed | $35,000 | None Available | |
| Fiduciary Deed | -- | None Available | |
| Warranty Deed | $9,000 | Park Title | |
| Sheriffs Deed | $30,000 | None Available | |
| Warranty Deed | $49,900 | Lemmon & Associates Title Sv |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $46,000 | Commercial | |
| Previous Owner | $44,900 | Purchase Money Mortgage |
Source: Columbus and Central Ohio Regional MLS
MLS Number: 225039725
APN: 054-255810-00.000
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