Two-Unit Duplex with Mixed
New
For Sale
$385,000
2673-2675 Blossom Ave, Columbus, OH 43231
The two residences offer different bedroom counts and each includes a garage and partially finished basement.
Property Size2,257 SF
Price / SF$170.58
Days on Market4
Property Features for 2673-2675 Blossom Ave
General Information
Standard status
Active
Size
2,257 SF
Property subtype
Multi-Family
Building Details
Year Built
1977
Listing Agency:
Ryan Ruehle, Exp Realty, LLC
Listed By:
Real Estate Showcase RES
(740) 389-2000
Source:
Resmarion
Added: Sep 30
Changed: Oct 3
Last Checked: Oct 2 at 8:19PM
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 Ryan Ruehle, Exp Realty, LLC
Investment Insights
Based on property information with market context.
This 2,257-square-foot duplex, built in 1977, pairs two distinct floor plans. One residence has three bedrooms, one and a half bathrooms, an attached garage and a partially finished basement; the other has two bedrooms, one and a half bathrooms, a garage and similar basement space. Both are tenant-occupied under leases ending December 31, 2026.
The property is on Blossom Avenue in Columbus, within a few miles of Mount Carmel St. Ann’s Hospital, JPMorgan Chase offices, Uptown Westerville and Easton Town Center. Sidewalks and access to freeways, retail, offices, schools and hospitals are noted in the surrounding area.
Occupants cover their utilities and manage mowing and snow removal. Water use is sub-metered and billed back monthly. The property is one of four Blossom Avenue duplexes offered for sale, and the properties may be acquired individually or together.
The property is on Blossom Avenue in Columbus, within a few miles of Mount Carmel St. Ann’s Hospital, JPMorgan Chase offices, Uptown Westerville and Easton Town Center. Sidewalks and access to freeways, retail, offices, schools and hospitals are noted in the surrounding area.
Occupants cover their utilities and manage mowing and snow removal. Water use is sub-metered and billed back monthly. The property is one of four Blossom Avenue duplexes offered for sale, and the properties may be acquired individually or together.
Key Highlights
- Two residences: one with 3 bedrooms and one with 2; both have 1.5 bathrooms
- 2,257 square feet; built in 1977
- Each residence has an attached garage and partially finished basement
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
$19,219
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
4.99%
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%
$384,380
$384.4K
Cap Rate 7%
$274,557
$274.6K
Cap Rate 9%
$213,544
$213.5K
Market Conditions
NOI Build-Up for 2,257 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
$29.5K $13.08/SF
− Vacancy
−$2.1K −$0.92/SF
EGI
$27.5K $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 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%
$384,380
Cap Rate 7%
$274,557
Cap Rate 9%
$213,544
Alternative Uses
Best Use
Multifamily LT 5
$274.6K
$240.2K – $320.3K
NOI $19,219 @ 7.0% cap · market cap 4.99%
Second Best
Apartment 5plus
$220.9K
$193.3K – $257.7K
NOI $15,460 @ 7.0% cap · market cap 4.02%
Theoretical Best
Office A
$470.4K
$411.6K – $548.8K
NOI $32,926 @ 7.0% cap · market cap 8.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
921
Businesses Nearby
Explore this area
Business Placement
Demographics for 43231, OH
22,126
Population
9,005
Households
2.5
Avg Household Size
34
Median Age
31%
College-Educated
90%
High-School Grad
4.2 sq mi
ZIP Area
5,268
Density / Sq Mi
$75,096
Median Household Income
$37,882
Median Earnings
$1,127
Median Rent
$222,500
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 - The two residences offer different bedroom counts and each includes a garage and partially finished basement.
Where is this duplex located?
The property is located at 2673-2675 Blossom Ave Columbus, OH.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Two residences: one with 3 bedrooms and one with 2; both have 1.5 bathrooms; 2,257 square feet; built in 1977; Each residence has an attached garage and partially finished basement
