Renovated Two-Unit
272-274 Hilliard Rome Road Columbus, OH 43228
272-274 Hilliard Rome Road, Columbus, OH, 43228
$285,000
Pending
For Sale
$285,000
Pending
One unit is currently rented through 4/30/27, while the other offers ready space for a house hacker or investor.
Property Size1,760 SF
Days on Market72
Property Features for 272-274 Hilliard Rome Road
General Information
- Standard status
- Pending
- Size
- 1,760 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1960
Listing agency
Red 1 Realty
(614) 309-2158
Listed by
Bradley Clarizio · License #2018002068
(614) 309-2158
Source
Compass
Added: May 13 Updated: Jul 10 at 1:50PM Checked: Jul 22 at 11:17AM
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 Red 1 Realty
Investment Insights
Based on property information with market context.
272-274 Hilliard Rome Road presents a well-kept duplex in Southwestern City Schools, configured as two separate 2-bedroom units. Both units feature redone bathrooms and hardwood floors. Low-maintenance updates include vinyl windows and newer HVAC, helping keep ongoing upkeep straightforward.
The property offers flexibility for different ownership strategies, since Unit 272 is already rented through 4/30/27 for $1,474 per month. Unit 274 is described as open, giving an owner the option to occupy one side while using the other unit for rental income, or to position both units for a later lease-up approach.
For tenants, this layout can appeal to households looking for traditional finishes like hardwood floors paired with updated bathrooms and efficient mechanicals. For buyers, the dual-unit structure and current in-place tenancy can support a hands-on “house hack” plan or an investment purchase that starts with one unit secured and the second unit available to control for the next step.
The property offers flexibility for different ownership strategies, since Unit 272 is already rented through 4/30/27 for $1,474 per month. Unit 274 is described as open, giving an owner the option to occupy one side while using the other unit for rental income, or to position both units for a later lease-up approach.
For tenants, this layout can appeal to households looking for traditional finishes like hardwood floors paired with updated bathrooms and efficient mechanicals. For buyers, the dual-unit structure and current in-place tenancy can support a hands-on “house hack” plan or an investment purchase that starts with one unit secured and the second unit available to control for the next step.
Key Highlights
- Duplex in Southwestern City Schools with 2 units and 2 bedrooms per unit
- One unit (272) is rented through 4/30/27 for $1,474 total rent per month
- Both units feature redone bathrooms and hardwood floors
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 | $26.4k | $15.00 |
| − Vacancy | −$2.0k | −$1.13 |
| EGI | $24.4k | $13.88 |
| − OpEx | −$7.3k | −$4.16 |
| NOI | $17.1k | $9.71 |
1,760 SF · lease $15.00/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$244.2K
$213.7K – $284.9K
NOI $17,094 @ 7.0% cap · market cap 6.00%
Second Best
Apartment 5plus
$218.7K
$191.3K – $255.1K
NOI $15,307 @ 7.0% cap · market cap 5.37%
Theoretical Best
Warehouse
$374.7K
$327.9K – $437.2K
NOI $26,231 @ 7.0% cap · market cap 9.20%
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 - One unit is currently rented through 4/30/27, while the other offers ready space for a house hacker or investor.
Where is this duplex located?
The property is located at 272-274 Hilliard Rome Road Columbus, OH.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Duplex in Southwestern City Schools with 2 units and 2 bedrooms per unit; One unit (272) is rented through 4/30/27 for $1,474 total rent per month; Both units feature redone bathrooms and hardwood floors
