Back to Search
Renovated Two-Unit Home

107 Midland Avenue Unit 107109 Columbus, OH 43223

107 Midland Avenue Unit 107109, Columbus, OH, 43223
$365,000
For Sale
Claim this Listing
$365,000

Fully renovated two-unit home with six beds and six baths.

Property Size2,868 SF
Lot Size0.12 Acres
Price / SF$127.27
AddedAug 14, 2025
Days on Market335
Last RefreshJul 5 at 7:35 am

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

Listing date Aug 14, 2025

Source Compass

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Red 1 Realty


Investment Insights

Based on property information with market context.

This fully remodeled two-family home offers approximately 3,800 sqft of finished living space across three floors. Each unit features 3 bedrooms, spacious living areas, high-end finishes, and separate laundry. Unit 1 includes 3 bedrooms and 2.5 bathrooms and is currently rented for $2650 monthly. Unit 2 features 3 bedrooms and 3.5 bathrooms and is currently rented for $1775. Over $200,000 in renovations have been completed. The property includes designer kitchens with quartz countertops and new cabinetry, a washer and dryer in each unit, and a private yard and outdoor space. Additional features include new windows and siding throughout, updated HVAC, electrical, and plumbing, and modern tile bathrooms with luxury finishes. Built in 1920, the property retains its original charm with all new systems. It is situated on a lot size of 0.123 acres and has ample street parking. The property is located in Columbus, OH, within Columbus City Schools.

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
2,868 SF · lease $13.08/SF/yr · vacancy 7.00% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$348.9K
$305.3K – $407.0K (±1% cap)
NOI $24,421 @ 7.0% cap · market cap 6.69%
Second Best
Apartment 5plus
$280.6K
$245.6K – $327.4K (±1% cap)
NOI $19,645 @ 7.0% cap · market cap 5.38%
Theoretical Best
Office A
$597.7K
$523.0K – $697.3K (±1% cap)
NOI $41,839 @ 7.0% cap · market cap 11.46%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Herdmone Health Resort

Suggested Use

Law Firm Real Estate Agency Restaurant Spa & Massage Center Hair Salon Nail Salon Dental Office Skin Care Clinic Accounting Firm Parking Lot & Garage

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Fully renovated two-unit home with six beds and six baths.
Where is this duplex located?
The property is located at 107 Midland Avenue Unit 107109 Columbus, OH.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: 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.
Contact an agent
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message