Two-Unit Duplex with Covered
For Sale
$300,000
25468 Royalton Road, Columbia Station, OH 44028
ResidentialIncome, Columbia Station, OH
Property Size2,000 SF
Lot Size0.50 Acres
Price / SF$150
Days on Market65
Property Features for 25468 Royalton Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bedroom 2, Bedroom 3, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 4
Parking features
Garage
Elementary school district
Columbia LSD - 4705
Middle school district
Columbia LSD - 4705
High school district
Columbia LSD - 4705
Directions
From Strongsville west on route 82 just past 252 on the north side of street
Standard status
Active
APN
12-00-045-000-014
Lot size
0.50 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3308
Utilities
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
full basement
covered porches
air filtration system
Building Details
Year built
1900
Floors in Building
2
Building materials
WoodSiding
Roof type
Fiberglass, Asphalt
Listing Agency:
Keller Williams Elevate · Keller Williams Realty
(440) 572-1200
Listed By:
Cindy Otonoga · License #2017002649
(440) 364-2871
Added: Jun 20
Changed: Aug 20
Last Checked: Aug 23 at 12:06AM
MLS# 5220669
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex contains two vertically arranged units, each with two bedrooms and one full bathroom. The property includes separate living areas, a full basement, multiple covered porches, garage parking, and outdoor space on a 0.50-acre lot. Public water serves the property, with natural-gas heat and central air conditioning.
Both furnaces, central air conditioning units, hot water tanks, and the roof are approximately 10 years old. Separate gas and electric meters support independent utility management, while an Aprilaire whole-house air filtration and humidity-control system is also included. Built in 1900, the property is located near shopping, dining, parks, and major highways in Columbia Station.
Both furnaces, central air conditioning units, hot water tanks, and the roof are approximately 10 years old. Separate gas and electric meters support independent utility management, while an Aprilaire whole-house air filtration and humidity-control system is also included. Built in 1900, the property is located near shopping, dining, parks, and major highways in Columbia Station.
Key Highlights
- Two‑unit duplex with two bedrooms and one full bath per unit
- 0.50‑acre lot with garage parking and outdoor space
- Full basement and multiple covered porches
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,870
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.29%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$377,400
$377.4K
Cap Rate 7%
$269,571
$269.6K
Cap Rate 9%
$209,667
$209.7K
Market Conditions
NOI Build-Up for 2,000 SF
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.
Gross rent
$28.6K $14.28/SF
− Vacancy
−$1.6K −$0.80/SF
EGI
$27.0K $13.48/SF
− OpEx
−$8.1K −$4.04/SF
NOI
$18.9K $9.44/SF
Area
Hamilton County, OH
Vacancy
5.61%
Lease Rate
$14.28 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$377,400
Cap Rate 7%
$269,571
Cap Rate 9%
$209,667
Alternative Uses
Best Use
Multifamily LT 5
$269.6K
$235.9K – $314.5K
NOI $18,870 @ 7.0% cap · market cap 6.29%
Second Best
Apartment 5plus
$246.6K
$215.8K – $287.8K
NOI $17,265 @ 7.0% cap · market cap 5.76%
Theoretical Best
Office A
$358.6K
$313.7K – $418.3K
NOI $25,099 @ 7.0% cap · market cap 8.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
51
Businesses Nearby
Explore this area
Business Placement
Demographics for 44028, OH
8,931
Population
3,907
Households
2.3
Avg Household Size
48
Median Age
32%
College-Educated
93%
High-School Grad
33.6 sq mi
ZIP Area
266
Density / Sq Mi
$86,991
Median Household Income
$55,761
Median Earnings
$1,438
Median Rent
$313,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Up-and-down units provide separate living areas, individual utilities, basement storage, and outdoor space on a half-acre parcel.
Where is this duplex located?
The property is located at 25468 Royalton Road Columbia Station, OH.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Two‑unit duplex with two bedrooms and one full bath per unit; 0.50‑acre lot with garage parking and outdoor space; Full basement and multiple covered porches
