Month-to-Month Duplex with Basement
For Sale
$450,000
Pending
1610-1612 Ashland Ave, Columbus, OH 43212
Two separately entered units include off-street parking and private basement areas with washer/dryer hookups.
Property Size1,488 SF
Days on Market57
Property Features for 1610-1612 Ashland Ave
General Information
Standard status
Pending
Size
1,488 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
2
Amenities
off-street parking
private basement
washer/dryer hookups
Building Details
Year Built
1950
Buildings
1
Tenancy
Multi
Listing Agency:
Aftab Mike Syed, RE/MAX Connection
Listed By:
Rhiannon Ferrari · License #2009003178
(614) 226-1039
Source:
Ferrarihomegroup
Added: Aug 12
Changed: Oct 6
Last Checked: Oct 7 at 12:43PM
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 1950, contains two separately accessed residences with practical layouts and off-street parking. Each side is leased on a month-to-month basis, and private basement areas provide washer/dryer hookups. The property also includes substantial outdoor space on a large lot, with room identified for potential garages and an ADU.
The property is located between Grandview Avenue and Upper Arlington, with proximity to The Ohio State University. Dining, shopping, and everyday amenities are described as walkable from the property, adding convenience for occupants. The existing configuration supports continued rental use while allowing flexibility for an owner occupant, subject to applicable requirements.
The property is located between Grandview Avenue and Upper Arlington, with proximity to The Ohio State University. Dining, shopping, and everyday amenities are described as walkable from the property, adding convenience for occupants. The existing configuration supports continued rental use while allowing flexibility for an owner occupant, subject to applicable requirements.
Key Highlights
- Duplex built in 1950 with two separately accessed residences
- Both units are rented month to month
- Private basement areas with washer/dryer hookups
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,670
Cap Rate
2.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$253,400
$253.4K
Cap Rate 7%
$181,000
$181.0K
Cap Rate 9%
$140,778
$140.8K
Market Conditions
NOI Build-Up for 1,488 SF
Gross rent
$19.5K $13.08/SF
− Vacancy
−$1.4K −$0.92/SF
EGI
$18.1K $12.16/SF
− OpEx
−$5.4K −$3.65/SF
NOI
$12.7K $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%
$253,400
Cap Rate 7%
$181,000
Cap Rate 9%
$140,778
Alternative Uses
Best Use
Multifamily LT 5
$181.0K
$158.4K – $211.2K
NOI $12,670 @ 7.0% cap · market cap 2.82%
Second Best
Apartment 5plus
$145.6K
$127.4K – $169.9K
NOI $10,193 @ 7.0% cap · market cap 2.27%
Theoretical Best
Office A
$310.1K
$271.3K – $361.8K
NOI $21,707 @ 7.0% cap · market cap 4.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,466
Businesses Nearby
Explore this area
Business Placement
Demographics for 43212, OH
24,171
Population
13,506
Households
1.8
Avg Household Size
30
Median Age
78%
College-Educated
98%
High-School Grad
3.7 sq mi
ZIP Area
6,533
Density / Sq Mi
$74,952
Median Household Income
$59,037
Median Earnings
$1,382
Median Rent
$514,800
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 - Two separately entered units include off-street parking and private basement areas with washer/dryer hookups.
Where is this duplex located?
The property is located at 1610-1612 Ashland Ave Columbus, OH.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Duplex built in 1950 with two separately accessed residences; Both units are rented month to month; Private basement areas with washer/dryer hookups
