Buying In Newark, OH
Sell Your Commercial Property In Newark, OH
From Heath to Hebron, we buy Newark multifamily and commercial apartment properties of 5+ units in every condition. Owners and agents get a straight answer on fit, usually within two business days.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Areas We Target: Heath · Granville · Hebron · Buckeye Lake — Licking County, OH
The Newark Market
What Drives Rentals In Newark
Newark, Ohio is the seat of Licking County, about 30 miles east of Columbus, with 50,783 residents under ACS 2020-2024 estimates. Renters hold 44.2% of the city's 20,276 occupied homes, and median gross rent runs $973 a month, well below Licking County's $1,078. Ohio State University at Newark and Central Ohio Technical College share a campus of more than 6,300 combined students, and Intel's $28 billion Ohio One chip campus is adding thousands of jobs across Licking County. An owner who wants to sell commercial property in Newark, OH needs these local numbers, not Columbus-wide averages.
Licking Memorial Hospital
Licking Memorial Hospital runs 227 beds and employs more than 2,600 people, anchoring health care jobs in Newark, Ohio.Intel's Ohio One campus
Intel's $28 billion Ohio One chip campus in Licking County is expected to create 3,000 jobs, a hiring wave that matters to anyone selling commercial property in Newark.OSU Newark and COTC
Ohio State Newark enrolled 2,877 students and Central Ohio Technical College 3,438 in fall 2025, sharing one Newark campus.Our Buy Box
What We Buy In Newark
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
Local Market Data
Newark Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Newark, Ohio
Renters occupy 44.2% of Newark, Ohio's 20,276 occupied homes, or 8,964 households, under ACS 2020-2024 estimates. Just 16.3% of the city's 21,755 housing units sit in buildings of five or more units, 3,538 units total, a tighter apartment supply than Licking County's 9.0% share. Newark's median year structure built is 1963, and 71.3% of its housing predates 1980, so an owner who wants to sell multifamily property in Newark finds an older, renter-heavy stock with limited new 5+ unit supply.
Rents and affordability in Newark, OH
Median gross rent in Newark, Ohio is $973 a month, 9.7% below Licking County's $1,078, under ACS 2020-2024 estimates. Newark's median household income is $61,670, 27.0% below the county's $84,426. Under HUD's FY2027 fair market rents, the Columbus, OH HUD Metro FMR Area two-bedroom standard is $1,602, well above Newark's own median rent, a gap that supports an owner who wants to sell commercial property in Newark, OH on in-place rents below metro-area benchmarks.
| Unit size | HUD FY2027 FMR |
|---|---|
| Studio | $1,258 |
| 1-Bedroom | $1,346 |
| 2-Bedroom | $1,602 |
| 3-Bedroom | $1,909 |
| 4-Bedroom | $2,172 |
Property taxes in Licking County
Ohio taxes real property at 35% of market value under Ohio Revised Code 5715.01(B) and Ohio Administrative Code 5703-25-05(B). A $2,000,000 Newark building is assessed at $700,000 before that parcel's local millage applies. A sale also triggers Ohio's conveyance fee: $1 per $1,000 is mandatory under Ohio Revised Code 319.54(G)(3), plus Licking County's $2 per $1,000 permissive fee, for $6,000 total on a $2,000,000 sale.
Landlord rules in Newark, OH
Ohio sets no cap on a security deposit under Ohio Revised Code 5321.16(A), but a landlord must itemize and return it within 30 days after the tenant vacates, with 5% annual interest on amounts above $50 or one month's rent when a tenancy runs six months or longer. Ending a month-to-month tenancy takes 30 days' notice under Ohio Revised Code 5321.17(B), and a landlord must give three days' notice before filing eviction for nonpayment under Ohio Revised Code 1923.04(A). Ohio Revised Code 5321.20 preempts any Newark ordinance that would impose rent control, so an owner who wants to sell commercial real estate in Newark, OH answers only to state landlord law.
What it means for an owner
An owner who wants to sell commercial property in Newark, OH is working with a market where renters hold 44.2% of occupied homes and 5+ unit supply is scarce at 16.3% of the stock. Newark's sub-metro rents and Intel's hiring wave give multifamily sellers a demand story metro comparables cannot show. Run the numbers with Skyline Capital's cap rate calculator, then start at Sell My Apartment Building.
Seller Notes
Selling In Newark
More about selling in Ohio →Investing in Newark? See apartment syndications in Newark →
- ACS 2020-2024 and HUD FY2027 figures throughout this profile cover Newark city and Licking County only.
- An owner who wants to sell commercial real estate in Newark, OH pays no city-specific transfer tax beyond Ohio's standard conveyance fee.
- If you plan to sell your apartment building in Newark, weigh Intel's hiring wave in Licking County alongside Licking Memorial Hospital's 2,600 jobs.
Seller Guides
Selling In Newark? Common Situations We Handle
Learn More
Taxes & Rules For Newark Property
The Ohio rules that shape any deal in Newark: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Newark Seller FAQ
How do I sell commercial property in Newark, OH?
Most owners sell to a buyer who weighs ACS 2020-2024 numbers like Newark's 44.2% renter share and 16.3% share of 5+ unit housing, plus Licking County's 35% property assessment ratio and Intel-driven hiring, before pricing a 5+ unit building.
What should I know before I sell commercial real estate in Newark, OH?
Confirm your building's taxing district and millage with the Licking County Auditor first, since Ohio assesses real property at 35% of market value and Newark's $973 median rent sits 9.7% below the county's $1,078.
What is Newark, Ohio's property tax rate?
Ohio assesses real property at 35% of market value under Ohio Revised Code 5715.01(B) and Ohio Administrative Code 5703-25-05(B), so a $2,000,000 Newark building carries a $700,000 assessed value before Licking County applies its local millage to that assessed figure.
How much is Ohio's conveyance fee on a Newark sale?
A Newark sale carries Ohio's mandatory $1-per-$1,000 conveyance fee under Ohio Revised Code 319.54(G)(3) plus Licking County's $2-per-$1,000 permissive fee, for $3 per $1,000 combined, or $6,000 in fees on a $2,000,000 commercial sale.
Can Newark, Ohio adopt local rent control?
No. Ohio Revised Code 5321.20 preempts any Newark or Licking County ordinance that would impose rent control or rent stabilization on rental agreements covered by Chapter 5321, leaving landlord-tenant terms to statewide law rather than city rules.
What if my Newark building has vacancies or deferred maintenance?
That is often where we add the most value. We buy buildings that need renovation, new management, or lease-up, and we account for that in our offer.
How does a sale to you work in Licking County?
Send the address, unit count, and any financials. We give feedback, then a written letter of intent if it fits, followed by diligence and a closing date that works for you.
Can I sell rental property in Newark with tenants in place?
Yes. We buy apartment buildings with tenants in place and keep existing leases intact. As a commercial real estate buyer focused on 5+ unit properties, we underwrite the current rent roll as it stands.
Do I need a broker to sell my apartment building in Newark?
No. You can work with us directly, or your broker can bring the deal to us. Either way, conversations stay confidential.
Submit A Deal
Selling A Building In Newark?
A few details are enough to start. We respond to every Newark submission, including off-market and pocket listings.
