Hilltop Ranch
189-191 South Highland Avenue Columbus, OH 43223
189-191 South Highland Avenue, Columbus, OH, 43223
$209,900
For Sale
$209,900
Two 3-bedroom ranch units with unfinished high-ceiling basements and four off-street parking spaces.
Property Size1,760 SF
Lot Size0.14 Acres
Price / SF$119.26
Days on Market90
Property Features for 189-191 South Highland Avenue
General Information
- Standard status
- Active
- Size
- 1,760 SF
- Lot size
- 0.14 Acres
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1969
Listing agency
Chosen Real Estate Group
(330) 249-3499
Listed by
Nicholas Huscroft · License #2022001015
(330) 249-3499
Source
Compass
Added: Apr 24 Updated: Jul 10 at 1:49PM Checked: Jul 22 at 7:46AM
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 Chosen Real Estate Group
Investment Insights
Based on property information with market context.
This hilltop ranch duplex offers two separate 3-bedroom apartments, each side configured as a ranch-style layout. The property includes full, high-ceiling unfinished basements per side, which can support maintenance access and provide additional usable storage or expansion space. The duplex sits on a large 6,222 square foot lot and provides four off-street parking spaces.
The home is located on a quiet street near Columbus public transportation routes. It is positioned within a central hilltop area where the apartments are described as being in high demand and typically renting quickly after posting.
For tenants and owners, the existing setup provides two independent residential units in a straightforward duplex structure, with basements on each side that can make repairs and day-to-day maintenance easier. The property is also described as having professional, long-term tenants who handle minor upkeep, supporting day-to-day management needs.
The home is located on a quiet street near Columbus public transportation routes. It is positioned within a central hilltop area where the apartments are described as being in high demand and typically renting quickly after posting.
For tenants and owners, the existing setup provides two independent residential units in a straightforward duplex structure, with basements on each side that can make repairs and day-to-day maintenance easier. The property is also described as having professional, long-term tenants who handle minor upkeep, supporting day-to-day management needs.
Key Highlights
- Duplex built in 1969 with two 3‑bedroom ranch units
- Forced‑air heating
- Unfinished, high‑ceiling basements for each side, offering extra space and easy repairs
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 | $23.0k | $13.08 |
| − Vacancy | −$1.6k | −$0.92 |
| EGI | $21.4k | $12.16 |
| − OpEx | −$6.4k | −$3.65 |
| NOI | $15.0k | $8.52 |
1,760 SF · lease $13.08/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$214.1K
$187.3K – $249.8K
NOI $14,987 @ 7.0% cap · market cap 7.14%
Second Best
Apartment 5plus
$172.2K
$150.7K – $200.9K
NOI $12,056 @ 7.0% cap · market cap 5.74%
Theoretical Best
Office A
$366.8K
$320.9K – $427.9K
NOI $25,675 @ 7.0% cap · market cap 12.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two 3-bedroom ranch units with unfinished high-ceiling basements and four off-street parking spaces.
Where is this duplex located?
The property is located at 189-191 South Highland Avenue Columbus, OH.
What is the asking price?
The asking price for this property is $209,900.
What are key features of this property?
This property features: Duplex built in 1969 with two 3‑bedroom ranch units; Forced‑air heating; Unfinished, high‑ceiling basements for each side, offering extra space and easy repairs
