New
For Sale
$125,000
2178 Safford Ave, Columbus, OH 43223
The two-unit residential property offers rental use or the option to occupy one unit while renting the other.
Property Size1,316 SF
Price / SF$94.98
Days on Market3
Property Features for 2178 Safford Ave
General Information
Standard status
Active
Size
1,316 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1953
Buildings
1
Listing Agency:
Linda Altomare, Cutler Real Estate
Listed By:
Rhiannon Ferrari
(614) 226-1039
Source:
Ferrarihomegroup
Added: Oct 16
Last Checked: Oct 16 at 8:02AM
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 Linda Altomare, Cutler Real Estate
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Investment Insights
Based on property information with market context.
This residential duplex contains 1,316 square feet and was built in 1953. The property is described with a 1-bedroom, 1-bath configuration; the information does not specify whether that layout applies to one unit or the property as a whole.
Located at 2178 Safford Ave in Columbus, the duplex is presented for sale. Its two-unit format allows for rental occupancy or owner residence alongside rental use.
Located at 2178 Safford Ave in Columbus, the duplex is presented for sale. Its two-unit format allows for rental occupancy or owner residence alongside rental use.
Key Highlights
- 1,316 square feet of building area
- Built in 1953
- Described as a 1‑bedroom, 1‑bath duplex
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,206
Cap Rate
8.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$224,120
$224.1K
Cap Rate 7%
$160,086
$160.1K
Cap Rate 9%
$124,511
$124.5K
Market Conditions
NOI Build-Up for 1,316 SF
Gross rent
$17.2K $13.08/SF
− Vacancy
−$1.2K −$0.92/SF
EGI
$16.0K $12.16/SF
− OpEx
−$4.8K −$3.65/SF
NOI
$11.2K $8.52/SF
Area
Columbus, OH
Vacancy
7.00%
Lease Rate
$13.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$224,120
Cap Rate 7%
$160,086
Cap Rate 9%
$124,511
Alternative Uses
Best Use
Multifamily LT 5
$160.1K
$140.1K – $186.8K
NOI $11,206 @ 7.0% cap · market cap 8.96%
Second Best
Apartment 5plus
$128.8K
$112.7K – $150.2K
NOI $9,014 @ 7.0% cap · market cap 7.21%
Theoretical Best
Office A
$274.3K
$240.0K – $320.0K
NOI $19,198 @ 7.0% cap · market cap 15.36%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
321
Businesses Nearby
Explore this area
Business Placement
Demographics for 43223, OH
27,951
Population
10,662
Households
2.6
Avg Household Size
35
Median Age
11%
College-Educated
77%
High-School Grad
10.0 sq mi
ZIP Area
2,795
Density / Sq Mi
$45,902
Median Household Income
$32,509
Median Earnings
$1,063
Median Rent
$113,600
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 - The two-unit residential property offers rental use or the option to occupy one unit while renting the other.
Where is this duplex located?
The property is located at 2178 Safford Ave Columbus, OH.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: 1,316 square feet of building area; Built in 1953; Described as a 1‑bedroom, 1‑bath duplex
