2-Unit
New
For Sale
$185,000
1673 Cleveland Avenue, Columbus, OH 43211
The existing improvements date to 1922 and are offered in as-is condition.
Property Size2,208 SF
Price / SF$83.79
Days on Market4
Property Features for 1673 Cleveland Avenue
General Information
Standard status
Active
Size
2,208 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,809
Building Details
Year Built
1922
Listing Agency:
Keller Williams Capital Ptnrs
Listed By:
Jeffrey G Jonas · License #2014004917
(614) 725-8835
Source:
Vutech-ruff
Added: Oct 12
Changed: Oct 15
Last Checked: Oct 15 at 1:56AM
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 Keller Williams Capital Ptnrs
Investment Insights
Based on property information with market context.
This two-unit duplex contains 2,208 square feet, with 3 bedrooms and 1 full bathroom reported for the property. Built in 1922, the building is being sold in as-is condition.
Key Highlights
- Two‑unit duplex with 2,208 square feet
- 3 bedrooms and 1 full bathroom
- Built in 1922
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,124
Cap Rate
8.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$302,480
$302.5K
Cap Rate 7%
$216,057
$216.1K
Cap Rate 9%
$168,044
$168.0K
Market Conditions
NOI Build-Up for 2,208 SF
Gross rent
$29.4K $13.32/SF
− Vacancy
−$1.9K −$0.87/SF
EGI
$27.5K $12.45/SF
− OpEx
−$12.4K −$5.60/SF
NOI
$15.1K $6.85/SF
Area
Columbus, OH
Vacancy
6.50%
Lease Rate
$13.32 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$302,480
Cap Rate 7%
$216,057
Cap Rate 9%
$168,044
Alternative Uses
Best Use
Multifamily LT 5
$268.6K
$235.0K – $313.4K
NOI $18,801 @ 7.0% cap · market cap 10.16%
Second Best
Apartment 5plus
$216.1K
$189.1K – $252.1K
NOI $15,124 @ 7.0% cap · market cap 8.18%
Theoretical Best
Office A
$460.2K
$402.6K – $536.9K
NOI $32,211 @ 7.0% cap · market cap 17.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
464
Businesses Nearby
Explore this area
Business Placement
Demographics for 43211, OH
23,160
Population
9,956
Households
2.3
Avg Household Size
32
Median Age
11%
College-Educated
77%
High-School Grad
4.7 sq mi
ZIP Area
4,928
Density / Sq Mi
$38,715
Median Household Income
$28,601
Median Earnings
$1,057
Median Rent
$91,600
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 - The existing improvements date to 1922 and are offered in as-is condition.
Where is this duplex located?
The property is located at 1673 Cleveland Avenue Columbus, OH.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,208 square feet; 3 bedrooms and 1 full bathroom; Built in 1922
