114-116 Maholm St · Newark, OH 43055

$290,000

4 bd · 2.5 ba · 2,414 sqft · MultiFamily public records · 104 Days on market

Built 1900 0.26 ac lot Est $227k · 28% over

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Why this score? — see what drove the D- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +14.5/30.0
• DSCR +4.4/10.0
• Schools +4.3/10.0
• Livability +3.5/5.0
• 1% rule +3.3/10.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks

NICE MONEY MAKER , SIDE BY SIDE BUILT DUPLEX. BUILDING WAS GUTTED AND FULLY RENTOVATED AROUND 2015 AND UPDATES WERE MADE AGAIN 2022. LARGE 2 TO 3 BEDROOM UNITS DEPENDING ON HOW THE TENANT WANTS TO USE THE LARGE EXTRA ROOM IN EACH UNIT ON THE MAIN FLOOR. UNITS ARE FULLY LEASED AND THERE IS GARGAGE SPACE OUT BACK FOR EACH. UNITS HAVE SEPARATE UTILITIES FOR EACH. TENANTS CURRENTLY PAY GAS & ELECTRIC. OWNER IS CURRENTLY PAYING WATER/SEWER, TRASH, & MOWING. TENANTS RIGHTS, 100% OCCUPIED.

Key facts

• 0.26 acre lot
• 8 parking spots
• Built 1900

Property features AI

Finance

• Other:
• Financial info: Owner pays water and sewer
• HOA & community:

Exterior

• Parking: 8 parking spaces
• Security:
• Utilities: Public water; Public sewer
• Home design: Duplex; Originally built in 1900 with effective updates in 2022
• Construction: Year built: 1900; Effective year built: 2022
• Exterior features: Lot measures approximately 0.26 acres

Interior

• Kitchen:
• Bedrooms:
• Flooring:
• Bathrooms:
• Heating & cooling: Central Air; Forced Air
• Interior features: Central air conditioning; Forced air heating
• Laundry & utility:

What this means for you Summary

Snapshot

• This is a 2 × 2-bed/1.0-bath units multifamily listed at $290k.

Deal economics

• At list price, monthly cash flow is $62 ($742/yr) — positive. Per door: $31/mo.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $240k (17.4% below list).
• Recommended offer: $240k (17.4% below list) — sets the bar for 1% rule.
• Cap rate 6.5% vs local median 3.2% in Newark — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 69/100 on livability (#493 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, schools B; Watch: employment D+, amenities F, commute F.
• Newark City (suburban): math 48% / reading 56% proficiency, ranked #431 of 656 in OH (top 66%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising (+1.6%/yr); 207 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 159 units permitted in Licking County in 2024 (0 in 5+ unit buildings).
• This rent runs 45% of the median local income ($64k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 104 days — a 9% lower offer ($264k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $47k; list at $290k implies a 518% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $239,600 (17.4% below list)

Questions for the listing agent

1. It's been on market 104 days. Have you received any prior offers? Is the seller open to a 17% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
8. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
9. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
10. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.83% ✗
• Cap rate: 6.55%
• Cash-on-cash: 0.91%
• DSCR: 1.04
• GRM: 10.1

CMA / ARV

• ARV (on-the-fly): $226,916
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
47-51 S Williams St	0.10mi	4/—	2,340 (-3%)	5mo	$220,000	$94	86
127 Maholm St	0.03mi	4/—	2,052 (-15%)	17mo	$135,000	$66	59
326-328 W Church St	0.60mi	4/—	2,650 (+10%)	15mo	$230,000	$87	43
233-235 N 13th St	0.74mi	5/— (+1)	2,096 (-13%)	11mo	$275,000	$131	29
233-235 N 13th St	0.74mi	5/— (+1)	2,096 (-13%)	23mo	$200,000	$95	19

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 1.63% rent growth · sell at horizon

5-year hold

• IRR: -16.3%
• Equity multiple: 0.43×
• Total profit: $-46,381
• Equity at exit: $43,240

10-year hold

• IRR: -10.4%
• Equity multiple: 0.40×
• Total profit: $-48,607
• Equity at exit: $25,074

Cash invested: $81,200 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 73 Landlord-Friendly
• State Ohio: 73 Landlord-Friendly · R+6
• County: — inherits STATE
• City: — inherits STATE

3-day notice; Cleveland / Columbus have some habitability code enforcement; otherwise landlord-leaning.

Methodology + full state rankings →

ZIP-level market 43055

• Rents YoY: 1.6%
• Active inventory: 207
• Price-to-rent: 20.2×

Monthly cashflow live

• Estimated rent: $2,396 high
• Mortgage (P&I): −$1,521
• Tax from tax record: −$189 /mo · $2,272/yr
• Insurance: −$121
• HOA: −$0
• Vacancy / Maint / Mgmt: −$503
• Net cashflow: $62

Break-even live

Break-even rent $2,318

Max offer price $290,000

Occupancy floor 92%

Sensitivity live

Price	-10% $226	-5% $144	+0% $62	+5% $-20	+10% $-102
Rent	-10% $-127	-5% $-33	+0% $62	+5% $157	+10% $251
Rate	-1.0pp $208	-0.5pp $136	base $62	+0.5pp $-13	+1.0pp $-90

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$2,396
Total (2 units)			$2,396

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $72,500
• Closing costs: $8,700
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
55 N Fulton Ave Newark, OH	4.0	1.0	1616	$1,525	$0.94	24d	1	0.16mi

Listing history 18 events

1. 2026-06-21
   days on market $290,000 Active 104 DOM
2. 2026-06-18
   days on market $290,000 Active 101 DOM
3. 2026-06-17
   days on market $290,000 Active 100 DOM
4. 2026-06-16
   days on market $290,000 Active 99 DOM
5. 2026-06-15
   days on market $290,000 Active 98 DOM
6. 2026-06-13
   days on market $290,000 Active 96 DOM
7. 2026-06-13
   days on market $290,000 Active 95 DOM
8. 2026-06-09
   days on market $290,000 Active 92 DOM
9. 2026-06-08
   days on market $290,000 Active 91 DOM
10. 2026-06-07
    days on market $290,000 Active 90 DOM
11. 2026-06-05
    pricedays on market $290,000 Active 87 DOM
12. 2026-06-03
    days on market $295,000 Active 86 DOM
13. 2026-06-02
    days on market $295,000 Active 85 DOM
14. 2026-06-01
    days on market $295,000 Active 84 DOM
15. 2026-05-31
    days on market $295,000 Active 83 DOM
16. 2026-05-13
    price $295,000
17. 2026-03-09
    listed $315,000 Active
18. 1991-06-04
    soldstatus $46,900

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast OH · Partial reset (capped growth)

• Current annual tax: $2,272 · $189/mo
• Projected year-2 tax: $3,398 · $283/mo
• Expected delta: +$1,126/yr (+$94/mo · 49.5%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥98°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $28,752
• − Mortgage interest: −$16,245
• − Property taxes: −$2,272
• − Insurance: −$1,450
• − Repairs & maintenance: −$2,300
• − Management: −$2,300
• − Depreciation: −$8,436
• Taxable loss: −$4,251
• Est. tax savings @ 24.0%: +$1,020
• After-tax cash flow: $1,763/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Newark City
• NCES district ID: 3904445
• Math proficiency: 48% ▼ -12.00%
• Reading proficiency: 56% ▼ -3.00%
• Median HH income: $38,662
• Composite: 43.33/100
• National rank: #3034
• State rank: #431 of 656 in OH

Livability — Newark

• Score: 69/100
• State rank: #493
• US rank: #8263

Category grades

Amenities F Commute F Cost of living A+ Crime C+ Employment D+ Housing A+ Health & safety F User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Newark, OH
• County: Licking County · 109,194 people
• City population: 63,281
• Metro: Columbus, OH
• Population (ZIP): 63,281
• Household income: $63,974
• Rent vs Own: 38.9% rent · 61.1% own
• Severe rent burden: 2269.0

Population outlook (Licking County) Hauer SSP2

• Today (2025): 178,210 people
• By 2030: 180,917 · +1.5%
• By 2040: 183,885 · +3.2%
• By 2050: 182,985 · +2.7%
• By 2075: 178,377 · +0.1%
• By 2100: 161,075 · -9.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (89%)
• Race & ethnicity: White 89% Two or more races 5% Black 3% Hispanic / Latino 2%
• Common ancestry: Slovak 2% Romanian 2% Lithuanian 2%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 2% Arabic 1%

Political lean MEDSL · Licking

• 2024 margin: Solid R (+30.0) · D 34.5% · R 64.6%
• 2008→2024 swing: -14.2pp toward R · 2008: -15.8pp · 2024: -30.0pp
• All cycles: 2024: R+30.0 2020: R+28.1 2016: R+28.9 2012: R+14.7 2008: R+15.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -253.54%
• Current HPI: 247.9425
• Rent YoY: ▲ 1.63%
• Metro: Columbus, OH
• State GDP YoY: ▲ 1.98%
• F500 in state: 48

Industry mix (Fortune 500 HQ in OH)

Industry	F500 HQs	Revenue
▸Insurance	3	$145B
▸Industrial Machinery	3	$49B
▸Financial Services	3	$24B
▸Consumer Goods	2	$93B
▸Aerospace / Defense	2	$47B
▸Utilities	2	$33B

Price history

+529.0% since first listed

3 events — show timeline

• 2026-05-13 Price Changed $295,000 CBRMLS
• 2026-03-09 Listed $315,000 CBRMLS
• 1991-06-04 Sold (Public Records) $46,900 Public Records

Property tax history

+3.9%/yr

Latest (2025): $2,272 · +2.6% YoY. Source: county tax records.