Duplex with Fenced
For Sale
$440,000
1379-1381 Bradshire Dr, Columbus, OH 43220
Fully occupied two-family property with separate patios, basements, and tenant-paid or reimbursed utilities.
Property Size2,502 SF
Price / SF$175.86
Days on Market20
Property Features for 1379-1381 Bradshire Dr
General Information
Standard status
Active
Size
2,502 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
1 x 3BR/1.5BA, 1 x 2BR/1.5BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Amenities
common fenced rear yard
patio
semi-finished basement
Building Details
Year Built
1969
Listing Agency:
Ross Digiorgio, The Westwood Real Estate Co
Listed By:
Rhiannon Ferrari
(614) 226-1039
Source:
Ferrarihomegroup
Added: Aug 20
Changed: Sep 8
Last Checked: Sep 4 at 10:38AM
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 Ross Digiorgio, The Westwood Real Estate Co
Investment Insights
Based on property information with market context.
This two-family property, built in 1969, includes distinct residential units with practical layouts. One unit offers 3 bedrooms, 1.5 baths, a semi-finished basement, and a 2-car garage. The second provides 2 bedrooms, 1.5 baths, and a semi-finished basement. Each side has a rear patio, while the property shares a fenced backyard.
The building features original oak hardwood floors in most areas, along with windows and mechanical systems described as being in good operating condition. Some mechanical components have been updated. The property is fully occupied, and tenants pay or reimburse all utilities. Trash PU is included in taxes.
The building features original oak hardwood floors in most areas, along with windows and mechanical systems described as being in good operating condition. Some mechanical components have been updated. The property is fully occupied, and tenants pay or reimburse all utilities. Trash PU is included in taxes.
Key Highlights
- Two‑family property built in 1969
- One unit has 3 bedrooms, 1.5 baths, semi‑finished basement, and 2‑car garage
- Second unit includes 2 bedrooms, 1.5 baths, and a semi‑finished basement
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,305
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$426,100
$426.1K
Cap Rate 7%
$304,357
$304.4K
Cap Rate 9%
$236,722
$236.7K
Market Conditions
NOI Build-Up for 2,502 SF
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.
Gross rent
$32.7K $13.08/SF
− Vacancy
−$2.3K −$0.92/SF
EGI
$30.4K $12.16/SF
− OpEx
−$9.1K −$3.65/SF
NOI
$21.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$426,100
Cap Rate 7%
$304,357
Cap Rate 9%
$236,722
Alternative Uses
Best Use
Multifamily LT 5
$304.4K
$266.3K – $355.1K
NOI $21,305 @ 7.0% cap · market cap 4.84%
Second Best
Apartment 5plus
$244.8K
$214.2K – $285.6K
NOI $17,138 @ 7.0% cap · market cap 3.90%
Theoretical Best
Office A
$521.4K
$456.3K – $608.3K
NOI $36,500 @ 7.0% cap · market cap 8.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,474
Businesses Nearby
Explore this area
Business Placement
Demographics for 43220, OH
27,736
Population
14,157
Households
2
Avg Household Size
37
Median Age
63%
College-Educated
96%
High-School Grad
6.6 sq mi
ZIP Area
4,202
Density / Sq Mi
$77,090
Median Household Income
$49,863
Median Earnings
$1,202
Median Rent
$463,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied two-family property with separate patios, basements, and tenant-paid or reimbursed utilities.
Where is this duplex located?
The property is located at 1379-1381 Bradshire Dr Columbus, OH.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: Two‑family property built in 1969; One unit has 3 bedrooms, 1.5 baths, semi‑finished basement, and 2‑car garage; Second unit includes 2 bedrooms, 1.5 baths, and a semi‑finished basement
