Updated Duplex Income
108-110 West Lakeview Avenue Columbus, OH 43202
108-110 West Lakeview Avenue, Columbus, OH, 43202
$449,000
Pending
For Sale
$449,000
Pending
Nicely updated duplex with off-street parking, 100% occupancy, and HVAC improvements to both sides.
Property Size2,352 SF
Days on Market30
Property Features for 108-110 West Lakeview Avenue
General Information
- Standard status
- Pending
- Size
- 2,352 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1924
Listing agency
RE/MAX Premier Choice
(614) 203-4645
Listed by
John T Witherspoon · License #448342
(614) 203-4645
Source
Compass
Added: Jun 23 Updated: Jul 21 at 5:05AM Checked: Jul 21 at 5:05AM
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 RE/MAX Premier Choice
Investment Insights
Based on property information with market context.
This updated duplex is described as a solid, producing residential income property and is currently 100% occupied. Updates include kitchen, baths, and flooring work completed in 2019, along with new HVAC installed on both sides during 2020–2022. Off-street parking is available, and there is described additional potential to the rear.
The property is positioned for convenient access to Clintonville, OSU, and nearby shops and dining. Please do not disturb tenants, and curb officers only are noted.
The duplex layout provides two sides with separate HVAC systems and the noted interior refresh items, supporting ready-to-operate residential income use.
The property is positioned for convenient access to Clintonville, OSU, and nearby shops and dining. Please do not disturb tenants, and curb officers only are noted.
The duplex layout provides two sides with separate HVAC systems and the noted interior refresh items, supporting ready-to-operate residential income use.
Key Highlights
- Duplex built in 1924 with 100% occupancy (please do not disturb tenants)
- Kitchen, baths, and flooring updated in 2019
- New HVAC installed for both sides (2020–2022); forced‑air heating with gas heat
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 | $30.8k | $13.08 |
| − Vacancy | −$2.2k | −$0.92 |
| EGI | $28.6k | $12.16 |
| − OpEx | −$8.6k | −$3.65 |
| NOI | $20.0k | $8.52 |
2,352 SF · lease $13.08/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$286.1K
$250.3K – $333.8K
NOI $20,027 @ 7.0% cap · market cap 4.46%
Second Best
Apartment 5plus
$230.2K
$201.4K – $268.5K
NOI $16,111 @ 7.0% cap · market cap 3.59%
Theoretical Best
Office A
$490.2K
$428.9K – $571.9K
NOI $34,312 @ 7.0% cap · market cap 7.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Nicely updated duplex with off-street parking, 100% occupancy, and HVAC improvements to both sides.
Where is this duplex located?
The property is located at 108-110 West Lakeview Avenue Columbus, OH.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Duplex built in 1924 with 100% occupancy (please do not disturb tenants); Kitchen, baths, and flooring updated in 2019; New HVAC installed for both sides (2020–2022); forced‑air heating with gas heat
