Renovated Duplex with Separate
For Sale
$310,000
Pending
107 Midland Avenue, Columbus, OH 43223
Multi-Family, Columbus, OH
Property Size3,800 SF
Lot Size0.12 Acres
Days on Market294
Property Features for 107 Midland Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Rooms
Bedroom 3, Bedroom 5, Bedroom 1, Bedroom 4, Bedroom 6, Bedroom 2
Elementary school district
COLUMBUS CSD 2503 FRA CO.
Middle school district
COLUMBUS CSD 2503 FRA CO.
High school district
COLUMBUS CSD 2503 FRA CO.
Standard status
Pending
APN
010-010372
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
2842
Utilities
Heating system
Forced Air
Amenities
washer & dryer in each unit
private yard
Building Details
Year built
1920
Number of units
2
Buildings
1
Listing Agency:
Red 1 Realty
(614) 585-9020
Listed By:
Taras Posykalyuk · License #2020008088
(614) 824-7845
Added: Jan 13
Changed: Oct 28
Last Checked: Nov 2 at 11:06AM
MLS# 226001185
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Columbus duplex contains two vacant residences across three finished levels, with approximately 3,800 square feet of combined living area, including a finished attic. Each unit provides three bedrooms, living space, a designer kitchen, modern bathrooms, and its own washer and dryer. Unit 1 includes 2.5 bathrooms, while Unit 2 includes 3.5 bathrooms.
Renovation work includes new cabinetry, quartz countertops, windows, siding, HVAC, electrical, plumbing, and tile bathroom finishes. The property also offers a private yard and outdoor area, along with ample street parking. Built in 1920, the home retains its original character while incorporating updated systems. It is located in Columbus City Schools and has no HOA.
Renovation work includes new cabinetry, quartz countertops, windows, siding, HVAC, electrical, plumbing, and tile bathroom finishes. The property also offers a private yard and outdoor area, along with ample street parking. Built in 1920, the home retains its original character while incorporating updated systems. It is located in Columbus City Schools and has no HOA.
Key Highlights
- Two vacant units, each with 3 bedrooms and separate laundry
- Approximately 3,800 Sq Ft of finished living space across three floors
- Unit 1 has 2.5 bathrooms; Unit 2 has 3.5 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,029
Cap Rate
8.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$520,580
$520.6K
Cap Rate 7%
$371,843
$371.8K
Cap Rate 9%
$289,211
$289.2K
Market Conditions
NOI Build-Up for 3,800 SF
Gross rent
$50.6K $13.32/SF
− Vacancy
−$3.3K −$0.87/SF
EGI
$47.3K $12.45/SF
− OpEx
−$21.3K −$5.60/SF
NOI
$26.0K $6.85/SF
Area
Columbus, OH
Vacancy
6.50%
Lease Rate
$13.32 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$520,580
Cap Rate 7%
$371,843
Cap Rate 9%
$289,211
Alternative Uses
Best Use
Multifamily LT 5
$462.2K
$404.5K – $539.3K
NOI $32,357 @ 7.0% cap · market cap 10.44%
Second Best
Apartment 5plus
$371.8K
$325.4K – $433.8K
NOI $26,029 @ 7.0% cap · market cap 8.40%
Theoretical Best
Office A
$791.9K
$693.0K – $923.9K
NOI $55,436 @ 7.0% cap · market cap 17.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
487
Businesses Nearby
Explore this area
Business Placement
Demographics for 43223, OH
27,951
Population
10,662
Households
2.6
Avg Household Size
35
Median Age
11%
College-Educated
77%
High-School Grad
10.0 sq mi
ZIP Area
2,795
Density / Sq Mi
$45,902
Median Household Income
$32,509
Median Earnings
$1,063
Median Rent
$113,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two vacant residences feature updated systems, private outdoor space, and individual laundry facilities.
Where is this duplex located?
The property is located at 107 Midland Avenue Columbus, OH.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Two vacant units, each with 3 bedrooms and separate laundry; Approximately 3,800 Sq Ft of finished living space across three floors; Unit 1 has 2.5 bathrooms; Unit 2 has 3.5 bathrooms
