Renovated Duplex with Two
For Sale
$399,000
10851087 1085-1087 E Sycamore St, Columbus, OH 43206
Both units are occupied, with current leases ending at the end of September.
Property Size2,356 SF
Price / SF$169.35
Days on Market48
Property Features for 10851087 1085-1087 E Sycamore St
General Information
Standard status
Active
Size
2,356 SF
Property subtype
Multi-Family
Occupancy
100%
Site & Location
Neighborhood
South Side
Units
Unit Mix
2 x 3BR/1.5BA
Multifamily Units
2
Building Details
Year Built
1919
Year Renovated
2023
Buildings
1
Tenancy
Multi
Listing Agency:
Red 1 Realty
Listed By:
Ines Hilaman
(740) 972-2192
Source:
Thelorilynngroup
Added: Sep 6
Changed: Oct 11
Last Checked: Oct 23 at 12:24PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex was rebuilt from the studs in 2023 and contains approximately 2,356 total square feet. Each unit offers 3 bedrooms and 1.5 bathrooms, creating a matched two-unit configuration within the property originally built in 1919.
Both residences are currently tenant occupied, with leases scheduled to end at the end of September. A 15-year tax abatement remains in place through approximately 2039, adding a significant property-specific operating consideration for a new owner.
Both residences are currently tenant occupied, with leases scheduled to end at the end of September. A 15-year tax abatement remains in place through approximately 2039, adding a significant property-specific operating consideration for a new owner.
Key Highlights
- Renovated from the studs in 2023
- Approximately 2,356 total square feet
- Each unit includes 3 bedrooms and 1.5 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,062
Cap Rate
5.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$401,240
$401.2K
Cap Rate 7%
$286,600
$286.6K
Cap Rate 9%
$222,911
$222.9K
Market Conditions
NOI Build-Up for 2,356 SF
Gross rent
$30.8K $13.08/SF
− Vacancy
−$2.2K −$0.92/SF
EGI
$28.7K $12.16/SF
− OpEx
−$8.6K −$3.65/SF
NOI
$20.1K $8.52/SF
Area
Columbus, OH
Vacancy
7.00%
Lease Rate
$13.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$401,240
Cap Rate 7%
$286,600
Cap Rate 9%
$222,911
Alternative Uses
Best Use
Multifamily LT 5
$286.6K
$250.8K – $334.4K
NOI $20,062 @ 7.0% cap · market cap 5.03%
Second Best
Apartment 5plus
$230.5K
$201.7K – $269.0K
NOI $16,138 @ 7.0% cap · market cap 4.04%
Theoretical Best
Office A
$491.0K
$429.6K – $572.8K
NOI $34,370 @ 7.0% cap · market cap 8.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
420
Businesses Nearby
Explore this area
Business Placement
Demographics for 43206, OH
21,594
Population
12,758
Households
1.7
Avg Household Size
35
Median Age
48%
College-Educated
94%
High-School Grad
3.0 sq mi
ZIP Area
7,198
Density / Sq Mi
$74,421
Median Household Income
$52,603
Median Earnings
$1,339
Median Rent
$280,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both units are occupied, with current leases ending at the end of September.
Where is this duplex located?
The property is located at 10851087 1085-1087 E Sycamore St Columbus, OH.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Renovated from the studs in 2023; Approximately 2,356 total square feet; Each unit includes 3 bedrooms and 1.5 bathrooms
