107 Midland Avenue Unit 107109 Columbus, OH 43223
Fully renovated two-unit home with six beds and six baths.
Property Features for 107 Midland Avenue Unit 107109
General Information
- Standard status
- Active
- Size
- 2,868 SF
- Lot size
- 0.12 Acres
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1920
Listing office Red 1 Realty (614) 824-7845
Listing date Aug 14, 2025
Source Compass
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Investment Insights
Based on property information with market context.
Key Highlights
- Fully renovated 2‑unit home, turnkey and ready for immediate occupancy or rental.
- High rental income potential: Unit 1 rented at $2650/month, Unit 2 rented at $1775/month.
- Significantly renovated with over $200,000 in upgrades, including new windows, siding, HVAC, electrical, and plumbing.
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 | $37.5k | $13.08 |
| − Vacancy | −$2.6k | −$0.92 |
| EGI | $34.9k | $12.16 |
| − OpEx | −$10.5k | −$3.65 |
| NOI | $24.4k | $8.52 |