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North University Duplex For Sale

2478-2480 Deming Ave Columbus, OH 43202

2478-2480 Deming Ave, Columbus, OH, 43202
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Two-unit property in the heart of the North University area.

Property Size1,616 SF
Price / SF$201.11
AddedMar 4
Days on Market134
Last RefreshJul 16 at 6:17 am

Property Features for 2478-2480 Deming Ave

General Information

Standard status
Active
Size
1,616 SF
Property subtype
Multifamily

Building Details

Year Built
1900

Listing office Keller Williams Capital Partners Realty

Listing date Mar 4, 2026

Source Crexi

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 Keller Williams Capital Partners Realty


Investment Insights

Based on property information with market context.

This two-unit property is located in the North University area, specifically on the Medary-Deming loop just south of Clinton Street. Each unit features two bedrooms, one full bath, a living room, a dining room, and a full basement. Off-street parking is available in the rear of the property. The property's size is 1616 square feet. The location provides convenient access to public transportation, shopping, restaurants, and neighborhood cafés. The property has rental appeal in a consistently high-demand area. Rents are $1050 and $1105 per side, with tenants responsible for their own gas and electric utilities.

Key Highlights

  • Prime location in the desirable North University area on the Medary‑Deming loop.
  • Two separate units, each with two bedrooms, one full bath, living room, dining room, and full basement.
  • Strong rental income potential with existing rents of $1050 and $1105 per unit.

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 $21.1k $13.08
− Vacancy −$1.5k −$0.92
EGI $19.7k $12.16
− OpEx −$5.9k −$3.65
NOI $13.8k $8.52
1,616 SF · lease $13.08/SF/yr · vacancy 7.00% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$196.6K
$172.0K – $229.3K (±1% cap)
NOI $13,760 @ 7.0% cap · market cap 4.23%
Second Best
Apartment 5plus
$158.1K
$138.4K – $184.5K (±1% cap)
NOI $11,069 @ 7.0% cap · market cap 3.41%
Theoretical Best
Office A
$336.8K
$294.7K – $392.9K (±1% cap)
NOI $23,575 @ 7.0% cap · market cap 7.25%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Law Firm Dental Office Real Estate Agency Hair Salon Spa & Massage Center Nail Salon Skin Care Clinic Daycare Center Food Market Electrical Service

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Two-unit property in the heart of the North University area.
Where is this duplex located?
The property is located at 2478-2480 Deming Ave Columbus, OH.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Prime location in the desirable North University area on the Medary‑Deming loop.; Two separate units, each with two bedrooms, one full bath, living room, dining room, and full basement.; Strong rental income potential with existing rents of $1050 and $1105 per unit.
Contact an agent
(614) 431-1220 Call to check price and availability
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