Cash Flowing Duplex For
2663-2665 Avalon Place Columbus, OH 43219
2663-2665 Avalon Place, Columbus, OH, 43219
$199,000
For Sale
$199,000
Duplex with renovated unit and potential for three rentals.
Property Size864 SF
Price / SF$230.32
Days on Market64
Property Features for 2663-2665 Avalon Place
General Information
- Standard status
- Active
- Size
- 864 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1951
Listing Agency
e-Merge Real Estate Unlimited
(614) 589-7985
Listed by
Victor Chidera Agbo · License #2022007950
(614) 589-7985
Source
Compass
Added: May 14 Checked: Jul 16 at 7:17 am
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 e-Merge Real Estate Unlimited
Investment Insights
Based on property information with market context.
This duplex property, originally designed as a 1-bedroom, 1-bathroom unit on each side, offers a cash-flowing investment opportunity. One of the units has been renovated to include a lower level, creating the potential for three separate rental units. The current gross rental income is $2725 across all units. The property includes front parking and a fenced yard. The property is to be sold as-is.
Key Highlights
- Potential for 3 Rental Units: Originally a duplex, the renovated unit allows for a separate lower‑level rental, increasing income potential.
- Strong Rental Income: Current gross rents are $2725 across all units, indicating a solid cash flow.
- Both units have central air conditioning.
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 | $11.3k | $13.08 |
| − Vacancy | −$791 | −$0.92 |
| EGI | $10.5k | $12.16 |
| − OpEx | −$3.2k | −$3.65 |
| NOI | $7.4k | $8.52 |
864 SF · lease $13.08/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$105.1K
$92.0K – $122.6K
NOI $7,357 @ 7.0% cap · market cap 3.70%
Second Best
Apartment 5plus
$84.5K
$74.0K – $98.6K
NOI $5,918 @ 7.0% cap · market cap 2.97%
Theoretical Best
Office A
$180.1K
$157.6K – $210.1K
NOI $12,604 @ 7.0% cap · market cap 6.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex with renovated unit and potential for three rentals.
Where is this duplex located?
The property is located at 2663-2665 Avalon Place Columbus, OH.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Potential for 3 Rental Units: Originally a duplex, the renovated unit allows for a separate lower‑level rental, increasing income potential.; Strong Rental Income: Current gross rents are $2725 across all units, indicating a solid cash flow.; Both units have central air conditioning.
