Duplex with Full
For Sale
$415,000
2422 N 4th St, Columbus, OH 43202
Two townhouse-style residences offer updated features, private storage, and an existing long-term tenancy on one side.
Property Size2,692 SF
Price / SF$154.16
Days on Market50
Property Features for 2422 N 4th St
General Information
Standard status
Active
Size
2,692 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Amenities
storage attic
full basement
attached mud room
hardwood floors
built-in bar
Building Details
Year Built
1900
Buildings
1
Listing Agency:
Linda Altomare, Cutler Real Estate
Listed By:
Rhiannon Ferrari · License #2009003178
(614) 226-1039
Source:
Ferrarihomegroup
Added: Aug 30
Changed: Oct 16
Last Checked: Oct 16 at 9:02AM
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 duplex contains two townhouse-style residences, each arranged with 7 rooms, 3 bedrooms, and 1 bath. Both sides include a storage attic and full basement, providing additional space beyond the primary living areas. Hardwood flooring and a built-in bar contribute distinctive interior features.
The 2422 side includes a beautiful new kitchen equipped with all appliances and an attached mud room. The 2424 side is occupied by a long-term tenant, creating an existing tenancy within the two-unit property. Located at 2422 N 4th Street in Columbus, Ohio, the configuration may accommodate an owner-occupant while retaining a separate residential unit.
The 2422 side includes a beautiful new kitchen equipped with all appliances and an attached mud room. The 2424 side is occupied by a long-term tenant, creating an existing tenancy within the two-unit property. Located at 2422 N 4th Street in Columbus, Ohio, the configuration may accommodate an owner-occupant while retaining a separate residential unit.
Key Highlights
- Two‑unit duplex with 7 rooms, 3 bedrooms, and 1 bath on each side
- Storage attic and full basement included with each townhouse‑style residence
- 2422 side features a new kitchen with all appliances and an attached mud room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,923
Cap Rate
5.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$458,460
$458.5K
Cap Rate 7%
$327,471
$327.5K
Cap Rate 9%
$254,700
$254.7K
Market Conditions
NOI Build-Up for 2,692 SF
Gross rent
$35.2K $13.08/SF
− Vacancy
−$2.5K −$0.92/SF
EGI
$32.7K $12.16/SF
− OpEx
−$9.8K −$3.65/SF
NOI
$22.9K $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%
$458,460
Cap Rate 7%
$327,471
Cap Rate 9%
$254,700
Alternative Uses
Best Use
Multifamily LT 5
$327.5K
$286.5K – $382.1K
NOI $22,923 @ 7.0% cap · market cap 5.52%
Second Best
Apartment 5plus
$263.4K
$230.5K – $307.3K
NOI $18,440 @ 7.0% cap · market cap 4.44%
Theoretical Best
Office A
$561.0K
$490.9K – $654.5K
NOI $39,272 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
512
Businesses Nearby
Explore this area
Business Placement
Demographics for 43202, OH
20,427
Population
10,055
Households
2
Avg Household Size
29
Median Age
62%
College-Educated
95%
High-School Grad
2.5 sq mi
ZIP Area
8,171
Density / Sq Mi
$65,689
Median Household Income
$36,412
Median Earnings
$1,170
Median Rent
$317,000
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 - Two townhouse-style residences offer updated features, private storage, and an existing long-term tenancy on one side.
Where is this duplex located?
The property is located at 2422 N 4th St Columbus, OH.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Two‑unit duplex with 7 rooms, 3 bedrooms, and 1 bath on each side; Storage attic and full basement included with each townhouse‑style residence; 2422 side features a new kitchen with all appliances and an attached mud room
