Remodeled Furnished
For Sale
$519,000
266 Miller Ave, Columbus, OH 43205
Two distinct residential sides combine remodeled interiors with furnishings, appliances, linens, and decor.
Property Size2,256 SF
Price / SF$230.05
Days on Market47
Property Features for 266 Miller Ave
General Information
Standard status
Active
Size
2,256 SF
Property subtype
Multi-Family
Net Operating Income
$60,000
Additional Details
Furnished
Yes
Multifamily Units
2
Building Details
Year Built
1900
Listing Agency:
Cindi Ann Watkins, E-Merge Real Estate Excellence
Listed By:
The Daniel Team
(614) 402-5212
Source:
Newdirectionsrealtyltd
Added: Sep 5
Changed: Oct 21
Last Checked: Oct 20 at 8:57PM
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 Cindi Ann Watkins, E-Merge Real Estate Excellence
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Investment Insights
Based on property information with market context.
This duplex presents two separately styled residential sides, including a garden townhome-style layout on one side and an OSU-themed interior on the other. Both sides have been remodeled within the last 3 years, and the property includes furniture, tableware, appliances, sheets, linens, and decor.
Built in 1900, the property is located at 266 Miller Avenue and 268 in Columbus, Ohio. Its two-unit configuration supports residential occupancy on both sides, with the existing furnished setup offering a defined approach for an owner-occupant or investor. The property is classified as a duplex and is offered for sale.
Built in 1900, the property is located at 266 Miller Avenue and 268 in Columbus, Ohio. Its two-unit configuration supports residential occupancy on both sides, with the existing furnished setup offering a defined approach for an owner-occupant or investor. The property is classified as a duplex and is offered for sale.
Key Highlights
- Two‑unit duplex at 266 Miller Avenue and 268, Columbus, OH 43205
- Both sides remodeled within the last 3 years
- Garden townhome‑style design on one side
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,210
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$384,200
$384.2K
Cap Rate 7%
$274,429
$274.4K
Cap Rate 9%
$213,444
$213.4K
Market Conditions
NOI Build-Up for 2,256 SF
Gross rent
$29.5K $13.08/SF
− Vacancy
−$2.1K −$0.92/SF
EGI
$27.4K $12.16/SF
− OpEx
−$8.2K −$3.65/SF
NOI
$19.2K $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%
$384,200
Cap Rate 7%
$274,429
Cap Rate 9%
$213,444
Alternative Uses
Best Use
Multifamily LT 5
$274.4K
$240.1K – $320.2K
NOI $19,210 @ 7.0% cap · market cap 3.70%
Second Best
Apartment 5plus
$220.8K
$193.2K – $257.6K
NOI $15,453 @ 7.0% cap · market cap 2.98%
Theoretical Best
Office A
$470.2K
$411.4K – $548.5K
NOI $32,911 @ 7.0% cap · market cap 6.34%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
806
Businesses Nearby
Explore this area
Business Placement
Demographics for 43205, OH
12,044
Population
7,303
Households
1.6
Avg Household Size
35
Median Age
41%
College-Educated
89%
High-School Grad
2.4 sq mi
ZIP Area
5,018
Density / Sq Mi
$54,214
Median Household Income
$41,219
Median Earnings
$1,050
Median Rent
$290,800
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 distinct residential sides combine remodeled interiors with furnishings, appliances, linens, and decor.
Where is this duplex located?
The property is located at 266 Miller Ave Columbus, OH.
What is the asking price?
The asking price for this property is $519,000.
What are key features of this property?
This property features: Two‑unit duplex at 266 Miller Avenue and 268, Columbus, OH 43205; Both sides remodeled within the last 3 years; Garden townhome‑style design on one side
