Estimated payment $3,576/month
Highlights
- 0.53 Acre Lot
- Hillview Elementary School Rated 9+
- Forced Air Heating and Cooling System
About This Home
Rare opportunity to acquire a fully assembled residential portfolio in a convenient Newark location. This package includes five properties consisting of one 2-bedroom single-family home, two 3-bedroom single-family homes, and one duplex (two 2-bedroom units)--offering a strong mix of unit types to attract a broad tenant base.
The portfolio has seen significant recent capital improvements, reducing near-term maintenance exposure:
New roofs installed in 2023 across the properties
Furnaces replaced in 2025 at 185 and 189 Clinton St
Interior upgrades completed at 185 and 189 Clinton St, including new vinyl flooring and fresh paint (2025-2026)
These updates enhance both tenant appeal and operational efficiency, positioning the assets for stable occupancy and rental growth.
With multiple income streams and a diversified unit mix, this package is ideal for investors seeking scale, cash flow, and long-term appreciation in the growing Newark market.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,745
Year Built
- Built in 1900
Lot Details
- 23,087 Sq Ft Lot
- Additional Parcels
Parking
- On-Street Parking
Home Design
- 5,444 Sq Ft Home
- Duplex
- Vinyl Siding
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
- Private Sewer
Additional Features
- Basement
Listing and Financial Details
- The owner pays for trash collection, water
- Assessor Parcel Number 054-272448-00.000
Community Details
Overview
- 5 Units
Building Details
- Insurance Expense $3,516
- Maintenance Expense $10,600
- Water Sewer Expense $248
- Operating Expense $16,500
- Gross Income $58,200
- Net Operating Income $41,700
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 |
|---|---|---|---|---|
| 2025 | $908 | $24,160 | $5,990 | $18,170 |
| 2024 | $885 | $24,160 | $5,990 | $18,170 |
| 2023 | $884 | $24,160 | $5,990 | $18,170 |
| 2022 | $811 | $19,640 | $3,360 | $16,280 |
| 2021 | $851 | $19,640 | $3,360 | $16,280 |
| 2020 | $864 | $19,640 | $3,360 | $16,280 |
| 2019 | $707 | $15,330 | $2,800 | $12,530 |
| 2018 | $701 | $0 | $0 | $0 |
| 2017 | $634 | $0 | $0 | $0 |
| 2016 | $578 | $0 | $0 | $0 |
| 2015 | $597 | $0 | $0 | $0 |
| 2014 | $738 | $0 | $0 | $0 |
| 2013 | $587 | $0 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/17/2026 04/17/26 | For Sale | $599,900 | -- | $110 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | -- | |
| Quit Claim Deed | -- | Attorney | |
| Warranty Deed | $175,000 | First Am |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $100,000 | New Conventional | |
| Previous Owner | $195,000 | Unknown |
Source: Columbus and Central Ohio Regional MLS
MLS Number: 226012519
APN: 054-272448-00.000
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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Ask me questions while you tour the home.