2-Unit
New
For Sale
$190,000
1877-1879 S Bruck St, Columbus, OH 43207
Both residences are vacant and need repairs before they can be leased.
Property Size1,620 SF
Price / SF$117.28
Days on Market1
Property Features for 1877-1879 S Bruck St
General Information
Standard status
Active
Size
1,620 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
boarded up and vacant
Site & Location
Neighborhood
Reeb-Hosack
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1900
Listing Agency:
J. Gregory Hart, Hart Real Estate Agency LLC
Listed By:
Real Estate Showcase RES
(740) 389-2000
Source:
Resmarion
Added: Oct 23
Last Checked: Oct 23 at 3:21AM
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 J. Gregory Hart, Hart Real Estate Agency LLC
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Investment Insights
Based on property information with market context.
Built in 1900, this duplex contains two apartments, each configured with two bedrooms and one bathroom. Both units are boarded and vacant, and repairs are needed before they can be occupied or leased.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 bathroom
- Both units are boarded and vacant
- Built in 1900; repairs are needed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,740
Cap Rate
8.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$334,800
$334.8K
Cap Rate 7%
$239,143
$239.1K
Cap Rate 9%
$186,000
$186.0K
Market Conditions
NOI Build-Up for 1,620 SF
Gross rent
$33.0K $20.40/SF
− Vacancy
−$2.6K −$1.61/SF
EGI
$30.4K $18.79/SF
− OpEx
−$13.7K −$8.45/SF
NOI
$16.7K $10.33/SF
Area
ZIP 43207
Vacancy
7.90%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$334,800
Cap Rate 7%
$239,143
Cap Rate 9%
$186,000
Alternative Uses
Best Use
Multifamily LT 5
$260.7K
$228.2K – $304.2K
NOI $18,252 @ 7.0% cap · market cap 9.61%
Second Best
Apartment 5plus
$239.1K
$209.3K – $279.0K
NOI $16,740 @ 7.0% cap · market cap 8.81%
Theoretical Best
Warehouse
$326.5K
$285.7K – $380.9K
NOI $22,856 @ 7.0% cap · market cap 12.03%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
548
Businesses Nearby
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Business Placement
Demographics for 43207, OH
46,853
Population
21,242
Households
2.2
Avg Household Size
38
Median Age
16%
College-Educated
85%
High-School Grad
23.1 sq mi
ZIP Area
2,028
Density / Sq Mi
$61,307
Median Household Income
$40,037
Median Earnings
$1,115
Median Rent
$156,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are vacant and need repairs before they can be leased.
Where is this duplex located?
The property is located at 1877-1879 S Bruck St Columbus, OH.
What is the asking price?
The asking price for this property is $190,000.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms and 1 bathroom; Both units are boarded and vacant; Built in 1900; repairs are needed
