Duplex with Fenced
For Sale
$440,000
Pending
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
Days on Market49
Property Features for 1379-1381 Bradshire Dr
General Information
Standard status
Pending
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:
Aftab Mike Syed, RE/MAX Connection
Listed By:
Rhiannon Ferrari · License #2009003178
(614) 226-1039
Source:
Ferrarihomegroup
Added: Aug 20
Changed: Oct 6
Last Checked: Oct 7 at 11:51AM
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-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 / Yr
$21,305
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
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
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 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
