Brick Ranch
For Sale
$389,900
Pending
1938-1940 Hampstead Dr, Columbus, OH 43229
Side-by-side units offer attached garages, full basements, and a fenced backyard on a quiet residential street.
Property Size2,260 SF
Days on Market51
Property Features for 1938-1940 Hampstead Dr
General Information
Standard status
Pending
Size
2,260 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Occupancy
50%
Site & Location
Neighborhood
Northland
Units
Unit Mix
2 x 2BR/1.5BA
Multifamily Units
2
Amenities
fenced backyard
Building Details
Year Built
1971
Buildings
1
Construction
brick ranch
Tenancy
Single
Listing Agency:
Stephanie Vangundy, Howard Hanna Real Estate Services
Listed By:
The Daniel Team
(614) 402-5212
Source:
Newdirectionsrealtyltd
Added: Sep 4
Changed: Oct 23
Last Checked: Oct 23 at 6:24AM
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 Stephanie Vangundy, Howard Hanna Real Estate Services
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This brick ranch duplex contains two side-by-side units with matching layouts. Each residence includes 2 bedrooms, 1.5 baths, an owner's suite arrangement, an attached garage, and a full basement. The property totals 2260 square feet and was built in 1971.
One unit is occupied, while the other is vacant and ready for immediate use. Recent improvements to the vacant side include new flooring, fresh paint, and updated kitchen and bath finishes. Both basements provide additional unfinished space, and the fenced backyard adds outdoor utility for residents. Located at 1938-1940 Hampstead Dr in Columbus, the property combines separate living quarters with the flexibility to occupy one unit and lease the other or operate both as rentals.
One unit is occupied, while the other is vacant and ready for immediate use. Recent improvements to the vacant side include new flooring, fresh paint, and updated kitchen and bath finishes. Both basements provide additional unfinished space, and the fenced backyard adds outdoor utility for residents. Located at 1938-1940 Hampstead Dr in Columbus, the property combines separate living quarters with the flexibility to occupy one unit and lease the other or operate both as rentals.
Key Highlights
- Two side‑by‑side duplex units, each with 2 beds and 1.5 baths
- 2260 square feet across a brick ranch duplex built in 1971
- One unit rented; the second is vacant and updated with new flooring, paint, kitchen, and bath finishes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,047
Cap Rate
6.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$480,940
$480.9K
Cap Rate 7%
$343,529
$343.5K
Cap Rate 9%
$267,189
$267.2K
Market Conditions
NOI Build-Up for 2,260 SF
Gross rent
$36.6K $16.20/SF
− Vacancy
−$2.3K −$1.00/SF
EGI
$34.4K $15.20/SF
− OpEx
−$10.3K −$4.56/SF
NOI
$24.0K $10.64/SF
Area
ZIP 43229
Vacancy
6.17%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$480,940
Cap Rate 7%
$343,529
Cap Rate 9%
$267,189
Alternative Uses
Best Use
Multifamily LT 5
$343.5K
$300.6K – $400.8K
NOI $24,047 @ 7.0% cap · market cap 6.17%
Second Best
Apartment 5plus
$298.9K
$261.5K – $348.7K
NOI $20,920 @ 7.0% cap · market cap 5.37%
Theoretical Best
Warehouse
$569.1K
$497.9K – $663.9K
NOI $39,834 @ 7.0% cap · market cap 10.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
50%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
791
Businesses Nearby
Explore this area
Business Placement
Demographics for 43229, OH
54,310
Population
23,290
Households
2.3
Avg Household Size
34
Median Age
24%
College-Educated
83%
High-School Grad
9.0 sq mi
ZIP Area
6,034
Density / Sq Mi
$53,430
Median Household Income
$35,181
Median Earnings
$1,082
Median Rent
$210,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Side-by-side units offer attached garages, full basements, and a fenced backyard on a quiet residential street.
Where is this duplex located?
The property is located at 1938-1940 Hampstead Dr Columbus, OH.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: Two side‑by‑side duplex units, each with 2 beds and 1.5 baths; 2260 square feet across a brick ranch duplex built in 1971; One unit rented; the second is vacant and updated with new flooring, paint, kitchen, and bath finishes
