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1675-1699 Mount Vernon Rd, Newark, OH, 43055

--beds
0baths
--sqft
$6,200,000
--price/sqft
$40,886/moest. monthly cost
$1,635,440/yrincome needed

About This Home

North 13 Mini Storage & Field Pointe Townhomes and Storage Introducing a prime investment opportunity! This well-maintained, multi-income property offers a rare combination of self-storage, multifamily, office, and residential components across just under 7 acres. The asset includes multiple buildings totaling 45,385 SF, approximately 180 storage units across 5 buildings, 40 one-bedroom apartments within 10 apartment buildings, a 1,523 SF management office, and two quality homes on site. The main residence is an immaculate 4,200 SF home with 3 bedrooms, 2.5 baths, an attached garage, multiple outdoor living spaces, and a new roof in 2024. A second ranch-style home offers approximately 2,274 SF with 3 bedrooms, 2 full baths, and a garage. The property has been meticulously managed and is exceptionally well kept, with all storage units monitored by security cameras, asphalt resurfaced in 2023, and roof replacements scheduled for early summer 2026 for all buildings except the main home, which was reroofed in 2024. The office space, currently used for management, includes a reception area, three private offices, two restrooms, a conference room, and additional back storage, offering potential for future lease income. With no outside storage currently in place and additional undeveloped land available for possible future income-producing use, this property presents a highly versatile opportunity for a self-storage or multifamily investor seeking a stabilized, well-cared-for asset with expansion potential. North 13 Mini Storage & Field Pointe Townhomes and Storage offers a strategic location along SR-13 in Newark, OH, providing high visibility and easy access. Positioned within a strong industrial and self-storage corridor, the property benefits from proximity to major transportation routes, commercial centers, retail, dining, and outdoor attractions. The blend of industrial accessibility and residential convenience creates a compelling opportunity.

Getting Around

32
WalkingCar-Dependent
0
TransitVery Limited Transit
18
BikeSomewhat Bikeable

Schools

9/10
Legend Elementary SchoolGrades K-51.8 mi
7/10
Liberty Middle SchoolGrades 6-81.9 mi
3/10
Newark High SchoolGrades 9-122.7 mi

Construction

Condition

  • Year built: 1991

Type & Style

  • Home type: MultiFamily
  • Property subType: Mixed Use

Property

Details

  • Parcel number: 09629217600.000

Lot

  • Lot size: 6.95 Acres

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hail
    HailModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Hail
Strong Wind
Winter Weather

FEMA Declared Disasters Across Ohio Counties

Flood
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $31,350$376,200
Home Insurance *$3,299$39,588
Property Taxes $6,044$72,528
Electricity $193$2,320
Total$40,886$490,632
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$1,401,805/yr
40% on housing$1,226,580/yr
45% on housing$1,090,293/yr

Ohio FAIR Plan Programs

Ohio FAIR Plan Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 13,942Commercial: 466
Total Premiums$18.03M
Total Exposure$5.92B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 13.5%
13.5%
0%30.0%
Electricity Growth Rate10-year average: 5.9%
5.9%
0%15.0%
Property Taxes Growth Rate2-year average: 3.6%
3.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 43055$172
Licking County$246

vs Homes Sold Last Month

Median $/sqft

ZIP 43055$173
Licking County$178

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-04-23Listed for sale$6,200,000

For Sale by Agent

AgentJoseph Gebhart
BrokerageShai-Hess Commerical Real Estate, LLC

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