561 W Main St Newark, OH 43055
Estimated payment $892/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. Both units are fully occupied with great long-term tenants who wish to stay, providing immediate, stable income for the next owner. 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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,526
Year Built
- Built in 1900
Lot Details
- 10,019 Sq Ft Lot
Parking
- Off-Street Parking
Home Design
- 1,793 Sq Ft Home
- Duplex
- Frame Construction
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Gas
Additional Features
- Basement
Listing and Financial Details
- Assessor Parcel Number 054-225096-00.000
Community Details
Overview
- 2 Units
Building Details
- Operating Expense $100
- Gross Income $1,645
- Net Operating Income $1,465
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 | $1,526 | $41,590 | $8,930 | $32,660 |
| 2023 | $1,600 | $41,590 | $8,930 | $32,660 |
| 2022 | $938 | $22,720 | $8,440 | $14,280 |
| 2021 | $983 | $22,720 | $8,440 | $14,280 |
| 2020 | $1,006 | $22,720 | $8,440 | $14,280 |
| 2019 | $817 | $17,750 | $6,480 | $11,270 |
| 2018 | $818 | $0 | $0 | $0 |
| 2017 | $783 | $0 | $0 | $0 |
| 2016 | $915 | $0 | $0 | $0 |
| 2015 | $935 | $0 | $0 | $0 |
| 2014 | $1,165 | $0 | $0 | $0 |
| 2013 | $987 | $0 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/23/2025 11/23/25 | Price Changed | $144,900 | 0.0% | $81 / Sq Ft | |
| 11/23/2025 11/23/25 | For Sale | $144,900 | +12.3% | $81 / Sq Ft | |
| 10/31/2025 10/31/25 | Off Market | $129,000 | -- | -- | |
| 10/27/2025 10/27/25 | For Sale | $129,000 | +98.5% | $72 / Sq Ft | |
| 06/05/2019 06/05/19 | Sold | $65,000 | -7.0% | $36 / Sq Ft | View Prior Sale |
| 05/13/2019 05/13/19 | Pending | -- | -- | -- | |
| 05/04/2019 05/04/19 | For Sale | $69,900 | -- | $39 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $65,000 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $58,000 | Construction |
Source: Columbus and Central Ohio Regional MLS
MLS Number: 225040753
APN: 054-225096-00.000
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