Seller's Agent in 2025
Katie Richards
Keller Williams Greater Cols
(740) 587-4983
33 in this area
93 Total Sales
259 Merchant St Newark, OH 43055
--
Bed
--
Bath
2,848
Sq Ft
9,583
Sq Ft Lot
About This Home
As of March 2025Don't miss this incredible opportunity to own a well-maintained Fourplex in the heart of Newark, Ohio! Conveniently located near 21st Street and Newark High School, this multi-family property features four spacious one-bedroom, loft-style units, each with private porches and outdoor storage closets.
Property Highlights:
✅ Four one-bedroom units with recent updates
✅ Prime location near schools, shopping, and amenities
✅ Three units currently leased - immediate rental income!
✅ Numerous upgrades throughout (see full list in attached documents)
📊 Full financials available upon request for qualified buyers.
This is a fantastic investment opportunity with reliable rental income and significant upgrades already completed.
Last Agent to Sell the Property
Keller Williams Greater Cols License #423379 Listed on: 03/05/2025
Last Buyer's Agent
Keller Williams Greater Cols License #423379 Listed on: 03/05/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,484
Year Built
- Built in 1968
Lot Details
- 9,583 Sq Ft Lot
Home Design
- 2,848 Sq Ft Home
- Mixed Use
- Frame Construction
- Vinyl Siding
Parking
- 4 Parking Spaces
- Shared Driveway
Utilities
- Cooling Available
- Heating System Uses Oil
Listing and Financial Details
- The owner pays for sewer, trash collection, water
- Assessor Parcel Number 054-246906-00.000
Community Details
Overview
- 4 Units
Building Details
- Electric Expense $192
- Insurance Expense $1,475
- Water Sewer Expense $780
- Operating Expense $5,507
- Gross Income $29,100
- Net Operating Income $23,593
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 5, 2025
Closed on
Mar 28, 2025
Sold by
Crumrine Michael J and Crumrine Kimberly A
Bought by
Clayton Brandon S and Willis Andrew M
Seller's Agent
Katie Richards
Keller Williams Greater Cols
Buyer's Agent
Katie Richards
Keller Williams Greater Cols
List Price
$250,000
Sold Price
$250,000
Views
12
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,966
Avg. Annual Appreciation
3.86%
Original Mortgage
$187,500
Outstanding Balance
$186,703
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$68,263
Purchase Details
Closed on
Aug 13, 1998
Sold by
Crumrine Mary E
Bought by
Crumrine Michael J and Crumrine Kimberly A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
7.07%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $250,000 | Cbus Title Agency | |
| Deed | $80,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $187,500 | New Conventional | |
| Previous Owner | $80,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/31/2025 03/31/25 | Sold | $250,000 | 0.0% | $88 / Sq Ft |
| 03/05/2025 03/05/25 | For Sale | $250,000 | -- | $88 / Sq Ft |
Source: Columbus and Central Ohio Regional MLS
Tax History Compared to Growth
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 | $2,484 | $60,240 | $16,910 | $43,330 |
| 2023 | $2,479 | $60,240 | $16,910 | $43,330 |
| 2022 | $2,085 | $43,760 | $15,790 | $27,970 |
| 2021 | $2,196 | $43,760 | $15,790 | $27,970 |
| 2020 | $2,237 | $43,760 | $15,790 | $27,970 |
| 2019 | $2,250 | $43,760 | $15,790 | $27,970 |
| 2018 | $2,267 | $0 | $0 | $0 |
| 2017 | $2,227 | $0 | $0 | $0 |
| 2016 | $2,248 | $0 | $0 | $0 |
| 2015 | $2,301 | $0 | $0 | $0 |
| 2014 | $2,640 | $0 | $0 | $0 |
| 2013 | $2,217 | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Katie Richards
Map
Source: Columbus and Central Ohio Regional MLS
MLS Number: 225006423
APN: 054-246906-00.000
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