Italian Village Occupied
143 East 3rd Avenue Columbus, OH 43201
143 East 3rd Avenue, Columbus, OH, 43201
$525,250
For Sale
$525,250
Italian Village duplex with front porch and fenced backyard.
Property Size2,464 SF
Price / SF$213.17
Days on Market72
Property Features for 143 East 3rd Avenue
General Information
- Standard status
- Active
- Size
- 2,464 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1900
Listing Agency
Cutler Real Estate
(614) 679-2814
Listed by
Eric W Gledhill · License #2005008010
(614) 679-2814
Source
Compass
Added: May 7 Checked: Jul 16 at 6:34 am
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 Cutler Real Estate
Investment Insights
Based on property information with market context.
This is a duplex located in Italian Village. Each side features 3 bedrooms and 1.5 baths. The property includes a front porch and a fenced-in backyard. Each unit has access to a single-car garage. The property is 100% occupied, with tenants responsible for all utilities. The property generates an annual income of $51,600. The property size is 2464 square feet.
Key Highlights
- Annual income of $51,600
- 100% Occupied
- Italian Village Double
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.2k | $13.08 |
| − Vacancy | −$2.3k | −$0.92 |
| EGI | $30.0k | $12.16 |
| − OpEx | −$9.0k | −$3.65 |
| NOI | $21.0k | $8.52 |
2,464 SF · lease $13.08/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$299.7K
$262.3K – $349.7K
NOI $20,981 @ 7.0% cap · market cap 3.99%
Second Best
Apartment 5plus
$241.1K
$211.0K – $281.3K
NOI $16,878 @ 7.0% cap · market cap 3.21%
Theoretical Best
Office A
$513.5K
$449.3K – $599.1K
NOI $35,946 @ 7.0% cap · market cap 6.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Italian Village duplex with front porch and fenced backyard.
Where is this duplex located?
The property is located at 143 East 3rd Avenue Columbus, OH.
What is the asking price?
The asking price for this property is $525,250.
What are key features of this property?
This property features: Annual income of $51,600; 100% Occupied; Italian Village Double
