John Hellwege
Responds Quickly
Myers Real Estate
(380) 333-4941
37 Total Sales
1 in Newark
$140,000 Price
259 Merchant St Newark, OH 43055
Newark AreaEstimated Value: $213,000 - $264,914
Studio
--
Baths
2,848
Sq Ft
$84/Sq Ft
Est. Value
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
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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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
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
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
-$10,271
Avg. Annual Appreciation
-2.89%
Original Mortgage
$187,500
Outstanding Balance
$185,378
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$54,351
Purchase Details
Closed on
Aug 13, 1998
Sold by
Crumrine Mary E
Bought by
Crumrine Michael J and Crumrine Kimberly A
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Newark, OH
-
John Hellwege
-
Brian Comer
Brian Comer
BHHS American Realty Center
(380) 800-5469
32 Total Sales
1 in Newark
$289,500 Price
-
Jerry Marshall
Jerry Marshall
EXP Realty, LLC
(937) 421-8117
61 Total Sales
4 in Newark
$189K - $315K Price Range
-
Roberta Lepi
Roberta Lepi
Lepi & Associates
(740) 674-3607
268 Total Sales
5 in Newark
$246K - $450K Price Range
-
Stephanie Harget
Stephanie Harget
Real of Ohio
(740) 313-8509
98 Total Sales
3 in Newark
$160K - $315K Price Range
-
Jeni Agriesti
Jeni Agriesti
Responds QuicklyRealty ONE Group Refined
(740) 721-3128
69 Total Sales
3 in Newark
$172K - $221K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $250,000 | Cbus Title Agency | ||
| Crumrine Michael J | $80,000 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $187,500 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $2,400 | $60,240 | $16,910 | $43,330 |
| 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
Seller's Agent in 2025
Katie Richards
Keller Williams Greater Cols
(740) 587-4983
149 Total Sales
Map
Source: Columbus and Central Ohio Regional MLS
MLS Number: 225006423
APN: 054-246906-00.000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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