212 Blackmar St · Newark, NY 14513

$132,000

4 bd · 2.0 ba · 1,580 sqft · SingleFamily public records · 25 Days on market

Built 1875 10,454 sqft lot $84/sqft · 19% below area Est $164k · 19% under

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Why this score? — see what drove the C+ 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 +21.4/30.0
• ARV discount +15.0/15.0
• 1% rule +6.9/10.0
• DSCR +6.8/10.0
• Livability +3.6/5.0
• Schools +3.4/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

A hidden gem in the village of Newark! Within minutes to parks, canal port, local schools and shops. Charming 3-bedroom, 2-bath home sits on nearly a quarter acre with a spacious driveway and three fenced sides. Park in the detached, 3-car garage this winter and never brush the snow off your car again! The workshop off the garage provides ample space for hobbies or storage. A great starter home, or addition to any rental portfolio! Property being sold "As Is".

Key facts

• 0.24 acre lot
• 3 garage spots
• Built 1875

Property features AI

Exterior

• Parking: Detached garage; 3 garage spaces
• Utilities: Public water (connected); Sewer connected; Cable available
• Home design: 2-story home; Vinyl siding; Asphalt pitched roof; Resale property; Rectangular residential lot with city street frontage
• Construction: Stone foundation; Built previously (existing construction)
• Exterior features: Blacktop driveway; Partial fence

Interior

• Kitchen: Free-standing range; Oven
• Bedrooms: Total of 8 rooms including den, family room and laundry
• Flooring: Carpet; Varied flooring
• Bathrooms: 2 full bathrooms; 1 main-level bathroom
• Heating & cooling: Gas forced-air heating; Central air conditioning
• Interior features: Den; Separate/formal dining room; Eat-in kitchen; Full basement
• Laundry & utility: Main-level laundry

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $132k.

Deal economics

• At list price, monthly cash flow is $195 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $132k).
• Recommended offer: $130k (1.5% below list) — sets the bar for market timing.
• Cap rate 8.1% vs local median 5.0% 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 71/100 on livability (#405 in NY) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, commute B; Watch: schools D+, employment D+, crime F.
• Newark Central School District (town): math 33% / reading 46% proficiency, ranked #527 of 590 in NY (top 89%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 44 active listings in the ZIP; 259 units permitted in Wayne County in 2024 (90 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $913 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Wayne County population projected at -24% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 25 days — a 2% lower offer ($130k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 7y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $69k; list at $132k implies a 91% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 2.7% of price; built in 1875 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $130,020 (1.5% below list)

Questions for the listing agent

1. Built in 1875 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. 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.
7. 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.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.19% ✓
• Cap rate: 8.07%
• Cash-on-cash: 6.33%
• DSCR: 1.28
• GRM: 7.0

CMA / ARV

• ARV (median comp): $163,664
• List price: $132,000
• Delta: -19.35%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
215 Blackmar St	0.02mi	4/1.5	1,662 (+5%)	13mo	$45,000	$27	78
209 Cooper St	0.09mi	3/2.0 (-1)	1,446 (-8%)	1mo	$192,500	$133	76
208 Van Buren St St	0.17mi	3/2.0 (-1)	1,736 (+10%)	10mo	$70,000	$40	62
214 Hoffman St	0.51mi	3/1.5 (-1)	1,552 (-2%)	10mo	$180,200	$116	58
340 W Union St St	0.60mi	3/1.5 (-1)	1,554 (-2%)	5mo	$143,000	$92	58
162 Bryant Ave	0.51mi	3/1.0 (-1)	1,624 (+3%)	6mo	$219,000	$135	57
115 Ford St	0.14mi	3/1.0 (-1)	1,344 (-15%)	7mo	$100,000	$74	54
318 East Ave	0.49mi	3/1.5 (-1)	1,660 (+5%)	11mo	$150,000	$90	53
454 Murray St	0.53mi	3/1.5 (-1)	1,528 (-3%)	14mo	$60,000	$39	51
325 E Union St	0.36mi	3/1.5 (-1)	1,428 (-10%)	16mo	$122,000	$85	47
322 E Miller St	0.38mi	3/2.0 (-1)	1,770 (+12%)	15mo	$130,000	$73	45
603 Colton Ave	0.64mi	5/2.0 (+1)	1,738 (+10%)	5mo	$160,000	$92	44

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -6.5%
• Equity multiple: 0.76×
• Total profit: $-8,857
• Equity at exit: $19,682

10-year hold

• IRR: 3.3%
• Equity multiple: 1.24×
• Total profit: $8,724
• Equity at exit: $11,413

Cash invested: $36,960 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 15 Strongly Tenant-Friendly
• State New York: 15 Strongly Tenant-Friendly · D+10
• County: — inherits STATE
• City: — inherits STATE

NYC rent stabilization (~1M units); 2019 HSTPA strengthened tenant rights; courts deeply backlogged.

Methodology + full state rankings →

ZIP-level market 14513

• Home prices YoY: -16.7%
• Active inventory: 44
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $1,574 medium
• Mortgage (P&I): −$692
• Tax from tax record: −$301 /mo · $3,615/yr
• Insurance: −$55
• HOA: −$0
• Vacancy / Maint / Mgmt: −$331
• Net cashflow: $195

Break-even live

Break-even rent $1,327

Max offer price $132,000

Occupancy floor 83%

Sensitivity live

Price	-10% $270	-5% $232	+0% $195	+5% $158	+10% $120
Rent	-10% $71	-5% $133	+0% $195	+5% $257	+10% $319
Rate	-1.0pp $262	-0.5pp $229	base $195	+0.5pp $161	+1.0pp $126

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: $33,000
• Closing costs: $3,960
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-06-02
   statusdays on market $132,000 Pending 25 DOM
2. 2026-06-01
   days on market $132,000 Active 24 DOM
3. 2026-05-31
   days on market $132,000 Active 23 DOM
4. 2026-05-08
   listed $132,000 Active 509-char remark
5. 2023-01-18
   soldstatus $69,000
6. 2023-01-13
   soldstatus $69,000 Closed Sale or Rented 477-char remark

   Show marketing remark (477 chars)

   A hidden gem in the village of Newark! Within minutes to parks, canal port, local schools and shops. Charming 3-bedroom, 2-bath home sits on nearly a quarter acre with a spacious driveway and three fenced sides. Park in the detached, 3-car garage this winter and never brush the snow off your car again! The workshop off the garage provides ample space for hobbies or storage. A great starter home, or addition to any rental portfolio! Property being sold "As Is".

7. 2022-12-26
   status Under Contract- Do Not Show 477-char remark

   Show marketing remark (477 chars)

   A hidden gem in the village of Newark! Within minutes to parks, canal port, local schools and shops. Charming 3-bedroom, 2-bath home sits on nearly a quarter acre with a spacious driveway and three fenced sides. Park in the detached, 3-car garage this winter and never brush the snow off your car again! The workshop off the garage provides ample space for hobbies or storage. A great starter home, or addition to any rental portfolio! Property being sold "As Is".

8. 2022-12-16
   price $79,500 477-char remark

   Show marketing remark (477 chars)

   A hidden gem in the village of Newark! Within minutes to parks, canal port, local schools and shops. Charming 3-bedroom, 2-bath home sits on nearly a quarter acre with a spacious driveway and three fenced sides. Park in the detached, 3-car garage this winter and never brush the snow off your car again! The workshop off the garage provides ample space for hobbies or storage. A great starter home, or addition to any rental portfolio! Property being sold "As Is".

9. 2022-11-17
   listed $86,500 Active 477-char remark

   Show marketing remark (477 chars)

   A hidden gem in the village of Newark! Within minutes to parks, canal port, local schools and shops. Charming 3-bedroom, 2-bath home sits on nearly a quarter acre with a spacious driveway and three fenced sides. Park in the detached, 3-car garage this winter and never brush the snow off your car again! The workshop off the garage provides ample space for hobbies or storage. A great starter home, or addition to any rental portfolio! Property being sold "As Is".

10. 2020-08-24
    soldstatus $86,900
11. 2020-08-24
    soldstatus $86,900
12. 2020-08-21
    soldstatus $86,900 Closed Sale or Rented

    Show marketing remark (435 chars)

    A hidden gem in the village of Newark! Within minutes to parks, canal port, local schools and shops. Charming 3-bedroom, 2-bath home sits on nearly a quarter acre with a spacious driveway and three fenced sides. Park in the detached, 3-car garage this winter and never brush the snow off your car again! The workshop off the garage provides ample space for hobbies or storage. A great starter home, or addition to any rental portfolio!

13. 2020-07-14
    status Pending Sale

    Show marketing remark (435 chars)

    A hidden gem in the village of Newark! Within minutes to parks, canal port, local schools and shops. Charming 3-bedroom, 2-bath home sits on nearly a quarter acre with a spacious driveway and three fenced sides. Park in the detached, 3-car garage this winter and never brush the snow off your car again! The workshop off the garage provides ample space for hobbies or storage. A great starter home, or addition to any rental portfolio!

14. 2020-06-19
    status Under Contract- Do Not Show

    Show marketing remark (435 chars)

    A hidden gem in the village of Newark! Within minutes to parks, canal port, local schools and shops. Charming 3-bedroom, 2-bath home sits on nearly a quarter acre with a spacious driveway and three fenced sides. Park in the detached, 3-car garage this winter and never brush the snow off your car again! The workshop off the garage provides ample space for hobbies or storage. A great starter home, or addition to any rental portfolio!

15. 2020-06-05
    listed $85,900 Active

    Show marketing remark (435 chars)

    A hidden gem in the village of Newark! Within minutes to parks, canal port, local schools and shops. Charming 3-bedroom, 2-bath home sits on nearly a quarter acre with a spacious driveway and three fenced sides. Park in the detached, 3-car garage this winter and never brush the snow off your car again! The workshop off the garage provides ample space for hobbies or storage. A great starter home, or addition to any rental portfolio!

16. 2019-11-13
    historical
17. 2019-10-21
    price $85,900
18. 2019-10-01
    listed $89,900 Active
19. 1996-12-06
    soldstatus $61,000

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

Tax reassessment forecast NY · Partial reset (capped growth)

• Current annual tax: $3,615 · $301/mo
• Projected year-2 tax: $3,615 · $301/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥96°F today · 16 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,890
• − Mortgage interest: −$7,394
• − Property taxes: −$3,615
• − Insurance: −$660
• − Repairs & maintenance: −$1,511
• − Management: −$1,511
• − Depreciation: −$3,840
• Taxable income: $358
• Est. tax owed @ 24.0%: −$86
• After-tax cash flow: $2,255/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 Central School District
• NCES district ID: 3620640
• Math proficiency: 33% ▲ 2.00%
• Reading proficiency: 46% ▲ 15.00%
• Median HH income: $44,966
• Composite: 33.55/100
• National rank: #5428
• State rank: #527 of 590 in NY

Livability — Newark

• Score: 71/100
• State rank: #405
• US rank: #6978

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Newark, NY
• Population (ZIP): 13,501

Population outlook (Wayne County) Hauer SSP2

• Today (2025): 85,662 people
• By 2030: 81,945 · -4.3%
• By 2040: 73,735 · -13.9%
• By 2050: 65,029 · -24.1%
• By 2075: 47,451 · -44.6%
• By 2100: 31,574 · -63.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (80%)
• Race & ethnicity: White 80% Hispanic / Latino 12% Two or more races 10% Black 3% Native American 1%
• Hispanic origin (detail): Puerto Rican 5%
• Common ancestry: Iranian 13% Lithuanian 2% Romanian 2%
• Foreign-born: 4% · Canada, Vietnam
• Languages at home: 92% English-only · Spanish 7%

Political lean MEDSL · Wayne

• 2024 margin: Strong R (+23.1) · D 38.5% · R 61.5%
• 2008→2024 swing: -13.2pp toward R · 2008: -9.9pp · 2024: -23.1pp
• All cycles: 2024: R+23.1 2020: R+19.6 2016: R+26.1 2012: R+9.3 2008: R+9.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -50.98%
• Current HPI: 253.627
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 2.60%
• F500 in state: 92

Industry mix (Fortune 500 HQ in NY)

Industry	F500 HQs	Revenue
▸Financial Services	10	$950B
▸Consumer Goods	9	$162B
▸Insurance	4	$225B
▸Telecommunications	2	$144B
▸Pharmaceuticals	2	$112B
▸Media / Entertainment	2	$69B

Price history

+116.4% since first listed

17 events — show timeline

• 2026-06-02 Pending — UNYREIS
• 2026-05-08 Listed $132,000 UNYREIS
• 2023-01-18 Sold (Public Records) $69,000 Public Records
• 2023-01-13 Sold (MLS) $69,000 UNYREIS
• 2022-12-26 Pending — UNYREIS
• 2022-12-16 Price Changed $79,500 UNYREIS
• 2022-11-17 Listed $86,500 UNYREIS
• 2020-08-24 Sold (Public Records) $86,900 Public Records
• 2020-08-24 Sold (Public Records) $86,900 Public Records
• 2020-08-21 Sold (MLS) $86,900 UNYREIS
• 2020-07-14 Pending — UNYREIS
• 2020-06-19 Pending — UNYREIS
• 2020-06-05 Listed $85,900 UNYREIS
• 2019-11-13 Listing Removed — UNYREIS
• 2019-10-21 Price Changed $85,900 UNYREIS
• 2019-10-01 Listed $89,900 UNYREIS
• 1996-12-06 Sold (Public Records) $61,000 Public Records

Property tax history

+6.7%/yr

Latest (2025): $3,615 · +1.0% YoY. Source: county tax records.