Renovated Duplex with
For Sale
$249,900
2537 Medary Ave, Columbus, OH 43202
Includes an occupied home and a vacant, recently renovated apartment.
Property Size1,050 SF
Price / SF$238
Days on Market66
Property Features for 2537 Medary Ave
General Information
Standard status
Active
Size
1,050 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Building Details
Year Built
1920
Listing Agency:
Branen Weade, Weade Realtors & Auctioneers
Listed By:
Real Estate Showcase RES
(740) 389-2000
Source:
Resmarion
Added: Aug 3
Changed: Oct 6
Last Checked: Oct 5 at 6:40PM
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 Branen Weade, Weade Realtors & Auctioneers
Investment Insights
Based on property information with market context.
Built in 1920, this duplex property at 2537 Medary Avenue includes a two-bedroom, one-bath single-family residence and a separate one-bedroom, one-bath efficiency apartment. The main residence is occupied and has received some recent repairs, while the efficiency has been renovated and is currently vacant.
The property is offered as-is, with two distinct residential units providing separate configurations for occupancy or leasing. Its Columbus, OH 43202 address places both units within the same property while maintaining separate living spaces.
The property is offered as-is, with two distinct residential units providing separate configurations for occupancy or leasing. Its Columbus, OH 43202 address places both units within the same property while maintaining separate living spaces.
Key Highlights
- Two‑bedroom, one‑bath single‑family residence
- Separate one‑bedroom, one‑bath efficiency apartment
- Main residence is currently occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,941
Cap Rate
3.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$178,820
$178.8K
Cap Rate 7%
$127,729
$127.7K
Cap Rate 9%
$99,344
$99.3K
Market Conditions
NOI Build-Up for 1,050 SF
Gross rent
$13.7K $13.08/SF
− Vacancy
−$961 −$0.92/SF
EGI
$12.8K $12.16/SF
− OpEx
−$3.8K −$3.65/SF
NOI
$8.9K $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%
$178,820
Cap Rate 7%
$127,729
Cap Rate 9%
$99,344
Alternative Uses
Best Use
Multifamily LT 5
$127.7K
$111.8K – $149.0K
NOI $8,941 @ 7.0% cap · market cap 3.58%
Second Best
Apartment 5plus
$102.7K
$89.9K – $119.9K
NOI $7,192 @ 7.0% cap · market cap 2.88%
Theoretical Best
Office A
$218.8K
$191.5K – $255.3K
NOI $15,318 @ 7.0% cap · market cap 6.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
815
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Duplex - Includes an occupied home and a vacant, recently renovated apartment.
Where is this duplex located?
The property is located at 2537 Medary Ave Columbus, OH.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Two‑bedroom, one‑bath single‑family residence; Separate one‑bedroom, one‑bath efficiency apartment; Main residence is currently occupied
