376 Hudson Avenue, Newark, OH 43055 (MLS# 223002781)

376 Hudson Avenue, Newark, OH 43055

$1,350,000

Property Type: Multi-Family Lot Size (sq. ft.): 18,731 Status: Closed

Current Price: $1,350,000 List Date: 2/03/2023 Last Modified: 2/27/2025

Description

Rare opportunity to add this newly updated 14-unit complex on historic Hudson Ave to your portfolio! Two story brick fully occupied complex with 14 1bed/1bath units. 12 of 14 units updated throughout with new paint, flooring, carpet, and renovated bathrooms. New energy efficient windows. Roof and gutters replaced (2017), new steps with wrought iron railing (2017), new outdoor second story balcony flooring, and newly poured cement courtyard and sidewalks. Beautifully updated landscaping. Off-street parking in rear can hold up to 20 cars. On site renovated laundry facility for tenant use in basement. 14 additional storage spaces in the laundry facility for tenant storage brings opportunity for additional income ($25/month). Low maintenance ownership! Close to new Intel Site! Must see!

Supplements: ********

More Information MLS# 223002781

Location & Property Info

List Price/SqFt: 102.6 City (Mailing Addr): Newark Corp LimitPerAuditor: Newark

Office/Contract Info

For Sale: Yes Exchange: No

General Property Info

# of Buildings: 1 Occupancy Rate: 100 Built Prior to 1978: Yes Total Parking: 20 Building Sqft: 13401 Lot Size (Side): 180 Use Code: 401 - APARTMENT:4-19 UNITS Number of Units: 14 Year Built: 1965 Acreage: 0.43

Tax Info

Zoning: Residential Tax Abatement: No Taxes (Yrly): 9773.7 Parcel #: 054-270222-00.000 Tax Year: 2022

Remarks & Misc

Property Description: Rare opportunity to add this newly updated 14-unit complex on historic Hudson Ave to your portfolio! Two story brick fully occupied complex with 14 1bed/1bath units. 12 of 14 units updated throughout with new paint, flooring, carpet, and renovated bathrooms. New energy efficient windows. Roof and gutters replaced (2017), new steps with wrought iron railing (2017), new outdoor second story balcony flooring, and newly poured cement courtyard and sidewalks. Beautifully updated landscaping. Off-street parking in rear can hold up to 20 cars. On site renovated laundry facility for tenant use in basement. 14 additional storage spaces in the laundry facility for tenant storage brings opportunity for additional income ($25/month). Low maintenance ownership! Close to new Intel Site! Must see!

Status Change Info

Sold Price/SqFt: 100.74 Under Contract Date: 2023-02-09 Sold Date: 2023-04-11 Sold Price: $1,350,000

Income/Expenses

Gross Income: 124800 Net Operating Income: 95808 Total Expenses: 28992

Addl Acceptance Cond

None Known: 1

Financials

Financials ForYearOf: 2022 Gross Rental Income: 124800 Effective Income: 95808

Expenses

R.E. Taxes: 9768 Property Insurance: 5376 Off-Site Management: 4800 Repairs&Maintenance: 4800 Electricity Expense: 936 Water Expense: 1560

1 Bedroom

1 Bedroom # of Units: 14

Construction

Brick: 1

Heat Fuel

Electric: 1

Parking Features

Assigned: 1 Common: 1

Sewer

Public Sewer: 1

Services Available

Electricity Available: 1 Sewer Available: 1 Water Available: 1

Miscellaneous

Basement: 1 W/D Hookups: 1

Tenant Pays

Electricity: 1

Auction Info

Auction/Online Bidding Y/N: No

Air Conditioning

Window Unit(s): 1

Owner Pays

Sewer: 1 Trash: 1 Water: 1

MLS Primary PhotoSrc

Realtor Provided: 1

Location Property Info

Original List Price: 1375000 Sold Price: $1,350,000 Property Sub Type: Midrise Street #: 376 Street Name: Hudson Street Suffix: Avenue County: Licking State: OH Zip Code: 43055 Subdiv/Cmplx/Comm: Historic Hudson District School District: NEWARK CSD 4507 LIC CO. Township: None

OfficeContract Info

Status: Closed MLS Entry Date: 2023-02-03

Property Features

Addl Acceptance Cond: None Known Parking Features: Assigned; Common Owner Pays: Sewer; Trash; Water Tenant Pays: Electricity Heat Fuel: Electric Air Conditioning: Window Unit(s) Construction: Brick Sewer: Public Sewer Services Available: Electricity Available; Sewer Available; Water Available Miscellaneous: Basement; W/D Hookups MLS Primary PhotoSrc: Realtor Provided

Listing Office: Merriman and Co. Real Estate

Listing Agent: Leigh Merriman

Last Updated: February - 27 - 2025

The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Columbus Board of Realtors Multiple Listing Service.Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. Columbus Board of Realtors Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Copyright 2026 Columbus Board of Realtors. All rights reserved.