Duplex with Two-Car
New
For Sale
$230,000
1245 Jewett Drive, Zanesville, OH 43701
Both residences offer three bedrooms, while one has a full bath and the other has one and a half.
Property Size2,880 SF
Price / SF$79.86
Days on Market5
Property Features for 1245 Jewett Drive
General Information
Standard status
Active
Size
2,880 SF
Total Parking Spaces
2
Property subtype
Residential Income
Units
Unit Mix
1 x 3BR/1BA, 1 x 3BR/1.5BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$957
Amenities
covered porch
Full,Unfinished
1
true
3
2
6
Double Pane Windows,Storm Window(s)
Lower Level,In Unit
2880
Assessor
Back Yard
City Lot,Flat,Level
Public
0.1879
false
Driveway,Detached,Garage Faces Front,Garage,Gravel,Off Site,On Street
Rain Gutters
Building Details
Building Size
2,880 SF
Year Built
1928
Buildings
1
Stories
2
Listing Agency:
(304) 501-5212
Listed By:
Patrick Lucey
Source:
Karenullomrealty
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 3:25PM
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 Patrick Lucey
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Investment Insights
Based on property information with market context.
This 2,880-square-foot duplex contains two three-bedroom residences, built in 1928. One unit has one bathroom; the other has one and a half. Interior improvements include updated kitchens and baths, laminate flooring, and new gas forced-air furnaces and central air conditioning in both units. The 1245 unit also has new windows. A full, unfinished basement and covered front porch add to the property's existing features.
The property occupies a level 0.1879-acre lot with public utilities. Parking includes a detached two-car garage, driveway, and additional off-street options. The two units provide separate residential spaces within one duplex property.
The property occupies a level 0.1879-acre lot with public utilities. Parking includes a detached two-car garage, driveway, and additional off-street options. The two units provide separate residential spaces within one duplex property.
Key Highlights
- Two‑unit duplex with 2,880 square feet
- Each residence has 3 bedrooms; bathroom counts are one and one and a half
- Built in 1928 on a 0.1879‑acre level lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,227
Cap Rate
8.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$384,540
$384.5K
Cap Rate 7%
$274,671
$274.7K
Cap Rate 9%
$213,633
$213.6K
Market Conditions
NOI Build-Up for 2,880 SF
Gross rent
$29.4K $10.20/SF
− Vacancy
−$1.9K −$0.66/SF
EGI
$27.5K $9.54/SF
− OpEx
−$8.2K −$2.86/SF
NOI
$19.2K $6.68/SF
Area
Muskingum County, OH
Vacancy
6.50%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$384,540
Cap Rate 7%
$274,671
Cap Rate 9%
$213,633
Alternative Uses
Best Use
Multifamily LT 5
$274.7K
$240.3K – $320.5K
NOI $19,227 @ 7.0% cap · market cap 8.36%
Second Best
Apartment 5plus
$247.6K
$216.6K – $288.9K
NOI $17,331 @ 7.0% cap · market cap 7.54%
Theoretical Best
Office A
$625.1K
$547.0K – $729.3K
NOI $43,756 @ 7.0% cap · market cap 19.02%
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
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
203
Businesses Nearby
Explore this area
Business Placement
Demographics for 43701, OH
55,361
Population
25,785
Households
2.1
Avg Household Size
42
Median Age
18%
College-Educated
90%
High-School Grad
180.5 sq mi
ZIP Area
307
Density / Sq Mi
$54,900
Median Household Income
$34,345
Median Earnings
$819
Median Rent
$164,200
Median Home Value
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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 - Both residences offer three bedrooms, while one has a full bath and the other has one and a half.
Where is this duplex located?
The property is located at 1245 Jewett Drive Zanesville, OH.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,880 square feet; Each residence has 3 bedrooms; bathroom counts are one and one and a half; Built in 1928 on a 0.1879‑acre level lot
