Ranch Duplex with Attached
2380-2384 Deerfield Drive Grove City, OH 43123
2380-2384 Deerfield Drive, Grove City, OH, 43123
$398,500
Pending
For Sale
$398,500
Pending
Ranch duplex with two 2-bed, 1-bath units, occupied by long-term tenants and featuring attached garages and private porches.
Property Size1,956 SF
Days on Market44
Property Features for 2380-2384 Deerfield Drive
General Information
- Standard status
- Pending
- Size
- 1,956 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1997
Listing agency
e-Merge Real Estate
(614) 779-5732
Listed by
Anthony R Diastello · License #2014002418
(614) 779-5732
Source
Compass
Added: Jun 9 Updated: Jul 21 at 9:13AM Checked: Jul 21 at 9:13AM
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 e-Merge Real Estate
Investment Insights
Based on property information with market context.
This duplex consists of two ranch-style units, each offering 2 bedrooms and 1 bathroom. The property is one-story and includes a functional layout with in-unit amenities such as air conditioning, ceiling fans, updated bathrooms, modern fixtures, and dishwashers. Each side also features a basement with vinyl vented windows, along with private entrance porches and concrete patios described as less than one year old. Attached garages support tenant convenience, and ongoing updates and maintenance have helped preserve the property’s condition.
The duplex is located at 2380-2384 Deerfield Drive in Grove City, Ohio, within the South Western City School District. The residences are occupied by established, long-term tenants.
Both units are described as well maintained and equipped with features intended to attract and retain renters, with residents on both sides also enjoying green space.
The duplex is located at 2380-2384 Deerfield Drive in Grove City, Ohio, within the South Western City School District. The residences are occupied by established, long-term tenants.
Both units are described as well maintained and equipped with features intended to attract and retain renters, with residents on both sides also enjoying green space.
Key Highlights
- Ranch duplex built in 1997 with two 2‑bed, 1‑bath units (one on each side)
- Central air and forced‑air gas heating in the duplex (Has Cooling: Yes)
- Occupied by long‑term tenants
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 | $31.7k | $16.20 |
| − Vacancy | −$2.1k | −$1.05 |
| EGI | $29.6k | $15.15 |
| − OpEx | −$8.9k | −$4.54 |
| NOI | $20.7k | $10.60 |
1,956 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$296.3K
$259.2K – $345.7K
NOI $20,739 @ 7.0% cap · market cap 5.20%
Second Best
Apartment 5plus
$288.8K
$252.7K – $336.9K
NOI $20,213 @ 7.0% cap · market cap 5.07%
Theoretical Best
Specialty Retail
$398.8K
$348.9K – $465.2K
NOI $27,914 @ 7.0% cap · market cap 7.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Ranch duplex with two 2-bed, 1-bath units, occupied by long-term tenants and featuring attached garages and private porches.
Where is this duplex located?
The property is located at 2380-2384 Deerfield Drive Grove City, OH.
What is the asking price?
The asking price for this property is $398,500.
What are key features of this property?
This property features: Ranch duplex built in 1997 with two 2‑bed, 1‑bath units (one on each side); Central air and forced‑air gas heating in the duplex (Has Cooling: Yes); Occupied by long‑term tenants
