Renovated Two-Unit
107 Midland Avenue Unit 107109 Columbus, OH 43223
107 Midland Avenue Unit 107109, Columbus, OH, 43223
$365,000
For Sale
$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
Days on Market343
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 agency
Red 1 Realty
(614) 824-7845
Listed by
Taras Posykalyuk · License #2020008088
(614) 824-7845
Source
Compass
Added: Aug 14, 2025 Updated: Jul 10 at 1:33PM Checked: Jul 22 at 8:25AM
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
NOI $24,421 @ 7.0% cap · market cap 6.69%
Second Best
Apartment 5plus
$280.6K
$245.6K – $327.4K
NOI $19,645 @ 7.0% cap · market cap 5.38%
Theoretical Best
Office A
$597.7K
$523.0K – $697.3K
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
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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.
