107 Midland Avenue Columbus, OH 43223
MULTI_FAMILY - Columbus, OH
Property Features for 107 Midland Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Rooms
- Bedroom 1, Bedroom 4, Bedroom 2, Bedroom 5, Bedroom 3, Bedroom 6
- Standard status
- Active
- APN
- 010-010372
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 2842
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1920
- Number of units
- 2
Listing agent Taras Posykalyuk License #2020008088 (614) 824-7845
Listing office Red 1 Realty 921 Eastwind Dr Suite 102, Columbus, OH (614) 585-9020
Listing date Jan 13, 2026
Copyright © 2026 Columbus and Central Ohio Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located in Columbus, Ohio, the property sits within Columbus City Schools. It is offered with no HOA, and the lot size is approximately 0.12 acres. Both units are currently occupied on a month-to-month basis.
With separate utilities and in-unit laundry, this duplex is well suited for an owner-operator or investor seeking a renovated, ready-to-rent residential income asset. The strong unit mix and comprehensive improvements support a straightforward path to maintaining current performance while reducing near-term capex needs associated with older systems and finishes.
Key Highlights
- Fully renovated 2‑unit duplex built in 1920 with about 3,800 sq ft of finished living space across three floors
- Unit 1: 3 bedrooms, 2.5 baths; currently rented for $2,650/month (MTM) with separate laundry
- Unit 2: 3 bedrooms, 3.5 baths; currently rented for $1,775/month with separate laundry
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $49.7k | $13.08 |
| − Vacancy | −$3.5k | −$0.92 |
| EGI | $46.2k | $12.16 |
| − OpEx | −$13.9k | −$3.65 |
| NOI | $32.4k | $8.52 |
