Two-Unit Duplex with
New
For Sale
$350,000
1151 Eastfield Rd, Worthington, OH 43085
Two separate residences offer a two-bedroom and a three-bedroom layout, each with basement space.
Property Size1,600 SF
Price / SF$218.75
Days on Market7
Property Features for 1151 Eastfield Rd
General Information
Standard status
Active
Size
1,600 SF
Property subtype
Multi-Family
Units
Unit Mix
2BR, 3BR
Multifamily Units
2
Amenities
basement
Building Details
Year Built
1959
Buildings
1
Listing Agency:
Aftab Mike Syed, RE/MAX Connection
Listed By:
Rhiannon Ferrari · License #2009003178
(614) 226-1039
Source:
Ferrarihomegroup
Added: Sep 30
Changed: Oct 6
Last Checked: Oct 5 at 5:57PM
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 Aftab Mike Syed, RE/MAX Connection
Investment Insights
Based on property information with market context.
This two-unit residential property contains 1,600 square feet and was built in 1959. The 1151 side has two bedrooms, while the 1153 side has three; both residences include a basement. The property is offered in as-is condition.
Shopping, dining, schools, parks, and major roads are identified in the surrounding area.
Shopping, dining, schools, parks, and major roads are identified in the surrounding area.
Key Highlights
- Two‑unit duplex with 1,600 square feet
- 1151 side has 2 bedrooms; 1153 side has 3 bedrooms
- A basement is included with each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,295
Cap Rate
3.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$265,900
$265.9K
Cap Rate 7%
$189,929
$189.9K
Cap Rate 9%
$147,722
$147.7K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$20.2K $12.60/SF
− Vacancy
−$1.2K −$0.73/SF
EGI
$19.0K $11.87/SF
− OpEx
−$5.7K −$3.56/SF
NOI
$13.3K $8.31/SF
Area
Richland County, OH
Vacancy
5.79%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$265,900
Cap Rate 7%
$189,929
Cap Rate 9%
$147,722
Alternative Uses
Best Use
Multifamily LT 5
$189.9K
$166.2K – $221.6K
NOI $13,295 @ 7.0% cap · market cap 3.80%
Second Best
Apartment 5plus
$170.0K
$148.7K – $198.3K
NOI $11,899 @ 7.0% cap · market cap 3.40%
Theoretical Best
Office A
$321.9K
$281.7K – $375.6K
NOI $22,533 @ 7.0% cap · market cap 6.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,042
Businesses Nearby
Explore this area
Business Placement
Demographics for 43085, OH
25,566
Population
10,961
Households
2.3
Avg Household Size
39
Median Age
62%
College-Educated
97%
High-School Grad
7.3 sq mi
ZIP Area
3,502
Density / Sq Mi
$112,474
Median Household Income
$63,239
Median Earnings
$1,405
Median Rent
$373,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer a two-bedroom and a three-bedroom layout, each with basement space.
Where is this duplex located?
The property is located at 1151 Eastfield Rd Worthington, OH.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,600 square feet; 1151 side has 2 bedrooms; 1153 side has 3 bedrooms; A basement is included with each residence
