Two-Unit
New
For Sale
$280,000
2904-2908 Bellwood Ave, Columbus, OH 43209
Two-bedroom layouts in both apartments, with one residence occupied and the other available for lease.
Property Size2,016 SF
Price / SF$138.89
Days on Market2
Property Features for 2904-2908 Bellwood Ave
General Information
Standard status
Active
Size
2,016 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Mid East
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Building Details
Year Built
1950
Tenancy
Single
Listing Agency:
J. Gregory Hart, Hart Real Estate Agency LLC
Listed By:
Real Estate Showcase RES
(740) 389-2000
Source:
Resmarion
Added: Oct 23
Last Checked: Oct 23 at 6:01AM
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 J. Gregory Hart, Hart Real Estate Agency LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex, built in 1950, contains two apartments, each configured with two bedrooms and one bathroom. One residence is occupied by a Section 8 tenant, while the other is vacant.
The tenant pays utilities, and water is billed back to the tenant. The property is on Bellwood Avenue in Columbus, Ohio, within ZIP code 43209.
The tenant pays utilities, and water is billed back to the tenant. The property is on Bellwood Avenue in Columbus, Ohio, within ZIP code 43209.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 bathroom
- Built in 1950
- One unit occupied by a Section 8 tenant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,166
Cap Rate
6.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$343,320
$343.3K
Cap Rate 7%
$245,229
$245.2K
Cap Rate 9%
$190,733
$190.7K
Market Conditions
NOI Build-Up for 2,016 SF
Gross rent
$26.4K $13.08/SF
− Vacancy
−$1.8K −$0.92/SF
EGI
$24.5K $12.16/SF
− OpEx
−$7.4K −$3.65/SF
NOI
$17.2K $8.52/SF
Area
Columbus, OH
Vacancy
7.00%
Lease Rate
$13.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$343,320
Cap Rate 7%
$245,229
Cap Rate 9%
$190,733
Alternative Uses
Best Use
Multifamily LT 5
$245.2K
$214.6K – $286.1K
NOI $17,166 @ 7.0% cap · market cap 6.13%
Second Best
Apartment 5plus
$197.3K
$172.6K – $230.2K
NOI $13,809 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$420.1K
$367.6K – $490.2K
NOI $29,410 @ 7.0% cap · market cap 10.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
539
Businesses Nearby
Explore this area
Business Placement
Demographics for 43209, OH
27,727
Population
12,689
Households
2.2
Avg Household Size
37
Median Age
57%
College-Educated
96%
High-School Grad
6.1 sq mi
ZIP Area
4,545
Density / Sq Mi
$88,155
Median Household Income
$48,128
Median Earnings
$1,105
Median Rent
$373,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom layouts in both apartments, with one residence occupied and the other available for lease.
Where is this duplex located?
The property is located at 2904-2908 Bellwood Ave Columbus, OH.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms and 1 bathroom; Built in 1950; One unit occupied by a Section 8 tenant
