Duplex With Vacant
For Sale
$359,000
142 Martin Ave, Columbus, OH 43222
Two-bedroom and three-bedroom layouts include one currently unoccupied unit.
Property Size2,352 SF
Price / SF$152.64
Days on Market56
Property Features for 142 Martin Ave
General Information
Standard status
Active
Size
2,352 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1900
Listing Agency:
Aftab Mike Syed, RE/MAX Connection
Listed By:
Rhiannon Ferrari · License #2009003178
(614) 226-1039
Source:
Ferrarihomegroup
Added: Aug 13
Changed: Oct 6
Last Checked: Oct 5 at 7:11PM
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 duplex, built in 1900, includes a 2-bedroom unit and a 3-bedroom unit. One side is currently vacant, allowing a prospective buyer to inspect that unit directly.
The property is located at 142 Martin Avenue in Columbus, Ohio 43222. Its two-unit configuration and differing bedroom counts provide a straightforward residential income property profile.
The property is located at 142 Martin Avenue in Columbus, Ohio 43222. Its two-unit configuration and differing bedroom counts provide a straightforward residential income property profile.
Key Highlights
- 2‑bedroom and 3‑bedroom unit mix
- One side is currently vacant
- Built in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,027
Cap Rate
5.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$400,540
$400.5K
Cap Rate 7%
$286,100
$286.1K
Cap Rate 9%
$222,522
$222.5K
Market Conditions
NOI Build-Up for 2,352 SF
Gross rent
$30.8K $13.08/SF
− Vacancy
−$2.2K −$0.92/SF
EGI
$28.6K $12.16/SF
− OpEx
−$8.6K −$3.65/SF
NOI
$20.0K $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%
$400,540
Cap Rate 7%
$286,100
Cap Rate 9%
$222,522
Alternative Uses
Best Use
Multifamily LT 5
$286.1K
$250.3K – $333.8K
NOI $20,027 @ 7.0% cap · market cap 5.58%
Second Best
Apartment 5plus
$230.2K
$201.4K – $268.5K
NOI $16,111 @ 7.0% cap · market cap 4.49%
Theoretical Best
Office A
$490.2K
$428.9K – $571.9K
NOI $34,312 @ 7.0% cap · market cap 9.56%
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
1,269
Businesses Nearby
Explore this area
Business Placement
Demographics for 43222, OH
4,124
Population
2,311
Households
1.8
Avg Household Size
34
Median Age
16%
College-Educated
73%
High-School Grad
1.4 sq mi
ZIP Area
2,946
Density / Sq Mi
$36,440
Median Earnings
$752
Median Rent
$215,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom and three-bedroom layouts include one currently unoccupied unit.
Where is this duplex located?
The property is located at 142 Martin Ave Columbus, OH.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: 2‑bedroom and 3‑bedroom unit mix; One side is currently vacant; Built in 1900
