Updated Duplex with Detached
184-186 East Morrill Avenue Columbus, OH 43207
184-186 East Morrill Avenue, Columbus, OH, 43207
$525,000
For Sale
$525,000
Duplex with two fenced backyards and a detached garage, offering two 3-bed, 2-bath units.
Property Size2,220 SF
Price / SF$236.49
Days on Market18
Property Features for 184-186 East Morrill Avenue
General Information
- Standard status
- Active
- Size
- 2,220 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1900
Listing agency
RE/MAX ONE
(614) 592-1421
Listed by
Kathryn Harr · License #2018001947
(614) 592-1421
Source
Compass
Added: Jul 4 Updated: Jul 21 at 9:49AM Checked: Jul 21 at 9:49AM
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 RE/MAX ONE
Investment Insights
Based on property information with market context.
This updated duplex at 184-186 East Morrill Avenue includes two fully fenced backyards and a detached garage split for each side. Each unit offers three bedrooms and two full bathrooms, with a first-floor primary suite and an upstairs layout featuring two additional bedrooms and a renovated shared full bath. Interior finishes include a bright living area with a decorative fireplace, updated kitchens with white shaker cabinetry and granite countertops, and durable luxury vinyl plank flooring throughout.
The property has extensive recent improvements, including new windows, new exterior doors, new electrical and plumbing, new insulation and drywall, new kitchens and bathrooms, new flooring, and new interior doors and trim. Exterior work includes new privacy fencing, siding repairs, and fresh exterior paint. The detached garage has brand new overhead doors, new service doors, and a new garage roof.
One side is described as already rented, supporting immediate rental income while maintaining the option to occupy the other unit.
The property has extensive recent improvements, including new windows, new exterior doors, new electrical and plumbing, new insulation and drywall, new kitchens and bathrooms, new flooring, and new interior doors and trim. Exterior work includes new privacy fencing, siding repairs, and fresh exterior paint. The detached garage has brand new overhead doors, new service doors, and a new garage roof.
One side is described as already rented, supporting immediate rental income while maintaining the option to occupy the other unit.
Key Highlights
- Duplex at 184‑186 E Morrill in Merion Village with two fully fenced backyards and a detached garage split for each side
- Both units offer 3 bedrooms and 2 full bathrooms, including a first‑floor primary ensuite
- Major renovations include new windows, exterior doors, electrical, plumbing, insulation, drywall, kitchens, bathrooms, flooring, and interior doors/trim
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 | $38.6k | $17.40 |
| − Vacancy | −$2.9k | −$1.31 |
| EGI | $35.7k | $16.10 |
| − OpEx | −$10.7k | −$4.83 |
| NOI | $25.0k | $11.27 |
2,220 SF · lease $17.40/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$357.3K
$312.7K – $416.9K
NOI $25,012 @ 7.0% cap · market cap 4.76%
Second Best
Apartment 5plus
$327.7K
$286.8K – $382.4K
NOI $22,941 @ 7.0% cap · market cap 4.37%
Theoretical Best
Warehouse
$447.4K
$391.5K – $522.0K
NOI $31,321 @ 7.0% cap · market cap 5.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex with two fenced backyards and a detached garage, offering two 3-bed, 2-bath units.
Where is this duplex located?
The property is located at 184-186 East Morrill Avenue Columbus, OH.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Duplex at 184‑186 E Morrill in Merion Village with two fully fenced backyards and a detached garage split for each side; Both units offer 3 bedrooms and 2 full bathrooms, including a first‑floor primary ensuite; Major renovations include new windows, exterior doors, electrical, plumbing, insulation, drywall, kitchens, bathrooms, flooring, and interior doors/trim
