Tenant-Occupied Duplex with
For Sale
$329,000
Pending
2714 Four Seasons Drive, Columbus, OH 43207
Two-unit residential property with attached garages, established tenancy, and separate utility responsibility.
Property Size2,232 SF
Days on Market160
Property Features for 2714 Four Seasons Drive
General Information
Standard status
Pending
Size
2,232 SF
Property subtype
Multi-Family / Duplex
Net Operating Income
$12,533
Taxes and HOA fees
Annual Taxes
$4,345
Amenities
Central Air
Forced Air
Gas
Yes
Building Details
Year Built
1981
Listing Agency:
Verti Commercial Real Estate L
(614) 515-2995
Listed By:
Brett A Ludwig · License #2016004572
(614) 515-2995
Source:
Compass
Added: Mar 25
Changed: Aug 30
Last Checked: Aug 30 at 11:18PM
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 Verti Commercial Real Estate L
Investment Insights
Based on property information with market context.
This 2,232-square-foot duplex was built in 1981 and includes a three-bedroom, one-and-a-half-bath residence on each side. Both units have attached one-car garages, central air, forced-air gas heating, and established tenants who have occupied the property since 2020. Residents pay their own utilities and manage lawn care.
The property is located at 2714 Four Seasons Drive in Columbus, Ohio, with access to I-270. It may be acquired individually or alongside six other nearby duplexes. Offers are limited to curb review, and tenant privacy must be respected.
The property is located at 2714 Four Seasons Drive in Columbus, Ohio, with access to I-270. It may be acquired individually or alongside six other nearby duplexes. Offers are limited to curb review, and tenant privacy must be respected.
Key Highlights
- Two‑unit duplex with 3 bedrooms and 1‑1/2 baths per side
- 2,232 SF building constructed in 1981
- Attached one‑car garage for each unit
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
$25,147
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
7.64%
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%
$502,940
$502.9K
Cap Rate 7%
$359,243
$359.2K
Cap Rate 9%
$279,411
$279.4K
Market Conditions
NOI Build-Up for 2,232 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
$38.8K $17.40/SF
− Vacancy
−$2.9K −$1.31/SF
EGI
$35.9K $16.10/SF
− OpEx
−$10.8K −$4.83/SF
NOI
$25.1K $11.27/SF
Area
ZIP 43207
Vacancy
7.50%
Lease Rate
$17.40 /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%
$502,940
Cap Rate 7%
$359,243
Cap Rate 9%
$279,411
Alternative Uses
Best Use
Multifamily LT 5
$359.2K
$314.3K – $419.1K
NOI $25,147 @ 7.0% cap · market cap 7.64%
Second Best
Apartment 5plus
$329.5K
$288.3K – $384.4K
NOI $23,065 @ 7.0% cap · market cap 7.01%
Theoretical Best
Warehouse
$449.9K
$393.6K – $524.8K
NOI $31,490 @ 7.0% cap · market cap 9.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
191
Businesses Nearby
Explore this area
Business Placement
Demographics for 43207, OH
46,853
Population
21,242
Households
2.2
Avg Household Size
38
Median Age
16%
College-Educated
85%
High-School Grad
23.1 sq mi
ZIP Area
2,028
Density / Sq Mi
$61,307
Median Household Income
$40,037
Median Earnings
$1,115
Median Rent
$156,200
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 - Two-unit residential property with attached garages, established tenancy, and separate utility responsibility.
Where is this duplex located?
The property is located at 2714 Four Seasons Drive Columbus, OH.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Two‑unit duplex with 3 bedrooms and 1‑1/2 baths per side; 2,232 SF building constructed in 1981; Attached one‑car garage for each unit
