Updated Two-Unit
New
For Sale
$390,000
269/271 Linda Ave, Pataskala, OH 43062
Two-unit residential property with refreshed flooring and recent mechanical upgrades across both residences.
Property Size1,680 SF
Price / SF$232.14
Days on Market4
Property Features for 269/271 Linda Ave
General Information
Standard status
Active
Size
1,680 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Building Details
Year Built
1964
Listing Agency:
Christopher Hannan, Rise Realty
Listed By:
Real Estate Showcase RES
(740) 389-2000
Source:
Resmarion
Added: Sep 9
Changed: Sep 11
Last Checked: Sep 11 at 8:53AM
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 Christopher Hannan, Rise Realty
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.
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 = 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
$16,920
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
4.34%
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%
$338,400
$338.4K
Cap Rate 7%
$241,714
$241.7K
Cap Rate 9%
$188,000
$188.0K
Market Conditions
NOI Build-Up for 1,680 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
$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 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%
$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
NOI $16,920 @ 7.0% cap · market cap 4.34%
Second Best
Apartment 5plus
$219.8K
$192.3K – $256.4K
NOI $15,386 @ 7.0% cap · market cap 3.95%
Theoretical Best
Flex RnD
$1.35M
$1.18M – $1.57M
NOI $94,447 @ 7.0% cap · market cap 24.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
