Building Details

Year Built 1964

Listing Agency: Darryl Isabel, Premier Select Homes

Listed By: Real Estate Showcase RES Show Phone

Source: Resmarion

Added: Sep 9 Changed: Oct 27 Last Checked: Oct 26 at 4:00PM

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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 Darryl Isabel, Premier Select Homes

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Investment Insights

Based on property information with market context.

Built in 1964, this 1,680-square-foot duplex at 269/271 Linda Ave in Pataskala, Ohio, includes two separate residences. Each side provides three bedrooms and one bathroom, creating a straightforward configuration for residential income use.

Unit 269 has new carpeting and a water softener. Unit 271 includes new flooring, a new AC installed in 2025, and a new water heater installed in 2026. The property offers a practical combination of unit-level improvements and established duplex construction.

Key Highlights

• Two‑unit duplex with 1,680 square feet
• Each unit includes 3 bedrooms and 1 bathroom
• Unit 269 has new carpeting and a water softener

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,920

Cap Rate

4.34%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$338,400 $338.4K

Cap Rate 7%

$241,714 $241.7K

Cap Rate 9%

$188,000 $188.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,680 SF

Gross rent

$25.2K $15.00/SF

− Vacancy

−$1.0K −$0.61/SF

EGI

$24.2K $14.39/SF

− OpEx

−$7.3K −$4.32/SF

NOI

$16.9K $10.07/SF

Area

Licking County, OH

Vacancy

4.08%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$338,400

Cap Rate 7%

$241,714

Cap Rate 9%

$188,000

Alternative Uses

Best Use

Multifamily LT 5

$241.7K

$211.5K – $282.0K (±1% cap)

NOI $16,920 @ 7.0% cap · market cap 4.34%

Second Best

Apartment 5plus

$219.8K

$192.3K – $256.4K (±1% cap)

NOI $15,386 @ 7.0% cap · market cap 3.95%

Theoretical Best

Flex RnD

$1.35M

$1.18M – $1.57M (±1% cap)

NOI $94,447 @ 7.0% cap · market cap 24.22%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

308

Businesses Nearby

Explore this area Business Placement

Demographics for 43062, OH

32,125

Population

11,979

Households

2.7

Avg Household Size

39

Median Age

32%

College-Educated

94%

High-School Grad

74.3 sq mi

ZIP Area

432

Density / Sq Mi

$100,450

Median Household Income

$53,329

Median Earnings

$1,334

Median Rent

$292,100

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Frequently Asked Questions

What type of property is this?

Duplex - Two-unit residential property with refreshed flooring and recent mechanical upgrades across both residences.

Where is this duplex located?

The property is located at 269/271 Linda Ave Pataskala, OH.

What is the asking price?

The asking price for this property is $390,000.

What are key features of this property?

This property features: Two‑unit duplex with 1,680 square feet; Each unit includes 3 bedrooms and 1 bathroom; Unit 269 has new carpeting and a water softener