2478-2480 Deming Ave Columbus, OH 43202
Two-unit property in the heart of the North University area.
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 (614) 431-1220
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.
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 |