Tenant-Occupied
1951-1953 Westfield Drive Columbus, OH 43223
1951-1953 Westfield Drive, Columbus, OH, 43223
$235,000
For Sale
$235,000
Tenant-occupied duplex offered as-is with current combined rental income of $1,845 per month.
Property Size1,816 SF
Price / SF$129.41
Days on Market84
Property Features for 1951-1953 Westfield Drive
General Information
- Standard status
- Active
- Size
- 1,816 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1954
Listing agency
Key Realty
(614) 203-5318
Listed by
Jerry R Auger · License #2008001399
(614) 203-5318
Source
Compass
Added: Apr 30 Updated: Jul 21 at 9:40PM Checked: Jul 21 at 9:40PM
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 Key Realty
Investment Insights
Based on property information with market context.
This tenant-occupied duplex is being sold as-is and includes two rental units currently covered by leases. The combined reported rental income is $1,845 per month.
The property is located in the Westbrook Community. Curb offers only are accepted.
The duplex may be purchased individually or as part of a package that includes two other duplexes in the same community.
The property is located in the Westbrook Community. Curb offers only are accepted.
The duplex may be purchased individually or as part of a package that includes two other duplexes in the same community.
Key Highlights
- Tenant‑occupied duplex offered as‑is
- Year built: 1954
- Combined current rental income of $1,845 per month from existing leases
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 | $23.8k | $13.08 |
| − Vacancy | −$1.7k | −$0.92 |
| EGI | $22.1k | $12.16 |
| − OpEx | −$6.6k | −$3.65 |
| NOI | $15.5k | $8.52 |
1,816 SF · lease $13.08/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$220.9K
$193.3K – $257.7K
NOI $15,463 @ 7.0% cap · market cap 6.58%
Second Best
Apartment 5plus
$177.7K
$155.5K – $207.3K
NOI $12,439 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$378.5K
$331.2K – $441.5K
NOI $26,492 @ 7.0% cap · market cap 11.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Tenant-occupied duplex offered as-is with current combined rental income of $1,845 per month.
Where is this duplex located?
The property is located at 1951-1953 Westfield Drive Columbus, OH.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Tenant‑occupied duplex offered as‑is; Year built: 1954; Combined current rental income of $1,845 per month from existing leases
