Duplex with Fenced
New
For Sale
$235,000
152-154 S Cypress Ave, Columbus, OH 43222
Two-level units include covered porches, full bathrooms, laundry connections, and separate outdoor space.
Property Size2,212 SF
Price / SF$106.24
Days on Market1
Property Features for 152-154 S Cypress Ave
General Information
Standard status
Active
Size
2,212 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Amenities
divided privacy fenced yard
covered front porch
laundry hook-ups
Building Details
Year Built
1900
Buildings
1
Stories
2
Listing Agency:
Nataha Shaw, Key Realty
Listed By:
Real Estate Showcase RES
(740) 389-2000
Source:
Resmarion
Added: Sep 20
Last Checked: Sep 20 at 7:06AM
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 Nataha Shaw, Key Realty
Investment Insights
Based on property information with market context.
This two-unit property offers 2212 SF of residential space across a two-story layout. Each side includes a first-floor living room, large kitchen and dining area, full bathroom, laundry hookups, and a covered front porch. The second floor contains two bedrooms with carpeting and closet storage. A divided privacy-fenced yard provides separate outdoor areas, while all-electric utilities serve the building; there is no gas line.
Located at 152-154 S Cypress Ave in Columbus, the property is near Dakota Park, the Franklinton branch of the Columbus Metro Library, restaurants, and downtown Columbus. On-street parking is available.
Located at 152-154 S Cypress Ave in Columbus, the property is near Dakota Park, the Franklinton branch of the Columbus Metro Library, restaurants, and downtown Columbus. On-street parking is available.
Key Highlights
- 2212 SF duplex built in 1900
- Each unit has 2 bedrooms on the second floor
- Large kitchen and dining area in each unit
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
$18,835
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
8.01%
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%
$376,700
$376.7K
Cap Rate 7%
$269,071
$269.1K
Cap Rate 9%
$209,278
$209.3K
Market Conditions
NOI Build-Up for 2,212 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
$28.9K $13.08/SF
− Vacancy
−$2.0K −$0.92/SF
EGI
$26.9K $12.16/SF
− OpEx
−$8.1K −$3.65/SF
NOI
$18.8K $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%
$376,700
Cap Rate 7%
$269,071
Cap Rate 9%
$209,278
Alternative Uses
Best Use
Multifamily LT 5
$269.1K
$235.4K – $313.9K
NOI $18,835 @ 7.0% cap · market cap 8.01%
Second Best
Apartment 5plus
$216.5K
$189.4K – $252.5K
NOI $15,152 @ 7.0% cap · market cap 6.45%
Theoretical Best
Office A
$461.0K
$403.4K – $537.8K
NOI $32,269 @ 7.0% cap · market cap 13.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,210
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
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-level units include covered porches, full bathrooms, laundry connections, and separate outdoor space.
Where is this duplex located?
The property is located at 152-154 S Cypress Ave Columbus, OH.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: 2212 SF duplex built in 1900; Each unit has 2 bedrooms on the second floor; Large kitchen and dining area in each unit
