Twin Single Home
289 Cobblestone Drive Delaware, OH 43015
289 Cobblestone Drive, Delaware, OH, 43015
$359,900
Pending
For Sale
$359,900
Pending
Each side features two bedrooms, one bathroom, and a one-car attached garage, near Sunnyview/PPG Park.
Property Size1,740 SF
Days on Market22
Property Features for 289 Cobblestone Drive
General Information
- Standard status
- Pending
- Size
- 1,740 SF
- Property subtype
- Multi-Family / Twin Single
Building Details
- Year Built
- 1991
Listing agency
5812 Realty Group LLC
(614) 783-9860
Listed by
Christina Houghtaling · License #2020008294
(614) 783-9860
Source
Compass
Added: Jul 1 Updated: Jul 22 at 2:18AM Checked: Jul 22 at 2:18AM
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 5812 Realty Group LLC
Investment Insights
Based on property information with market context.
This twin single home duplex includes two separate sides, with each unit offering two bedrooms and one bathroom. Both sides are designed with generously sized living spaces and include a one-car attached garage.
The property is located just steps from Sunnyview/PPG Park. The seller notes this is the first time the home has entered the marketplace, originally built and maintained by the owners who have enjoyed positive income from the property since its inception.
For buyers seeking a low-maintenance residential income structure, the duplex configuration provides two mirrored residential spaces within one property offering.
The property is located just steps from Sunnyview/PPG Park. The seller notes this is the first time the home has entered the marketplace, originally built and maintained by the owners who have enjoyed positive income from the property since its inception.
For buyers seeking a low-maintenance residential income structure, the duplex configuration provides two mirrored residential spaces within one property offering.
Key Highlights
- Twin single home built in 1991 with electric heat and cooling available
- Each side offers 2 bedrooms and 1 bathroom
- Each side includes a one‑car attached garage
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 | $24.8k | $14.28 |
| − Vacancy | −$3.2k | −$1.86 |
| EGI | $21.6k | $12.42 |
| − OpEx | −$6.5k | −$3.73 |
| NOI | $15.1k | $8.70 |
1,740 SF · lease $14.28/SF/yr · vacancy 13.01% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$216.1K
$189.1K – $252.2K
NOI $15,130 @ 7.0% cap · market cap 4.20%
Second Best
Apartment 5plus
$198.2K
$173.4K – $231.3K
NOI $13,875 @ 7.0% cap · market cap 3.86%
Theoretical Best
Warehouse
$350.7K
$306.9K – $409.2K
NOI $24,549 @ 7.0% cap · market cap 6.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Sunnyview/PPG Park
Park
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Each side features two bedrooms, one bathroom, and a one-car attached garage, near Sunnyview/PPG Park.
Where is this duplex located?
The property is located at 289 Cobblestone Drive Delaware, OH.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: Twin single home built in 1991 with electric heat and cooling available; Each side offers 2 bedrooms and 1 bathroom; Each side includes a one‑car attached garage
