Updated Duplex with Private
For Sale
Under Contract
$400,000
2917-2919 United Court, Reynoldsburg, OH 43068
Multi-Family, Reynoldsburg, OH
Property Size2,900 SF
Lot Size0.17 Acres
Price / SF$137.93
Days on Market10
Property Features for 2917-2919 United Court
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Rooms
Bedroom 1, Bedroom 6, Bedroom 5, Bedroom 2, Bedroom 4, Bedroom 3
Parking
2
Parking features
Open
Elementary school district
GROVEPORT MADISON LSD 2507 FRA CO.
Middle school district
GROVEPORT MADISON LSD 2507 FRA CO.
High school district
GROVEPORT MADISON LSD 2507 FRA CO.
Standard status
Active Under Contract
APN
530-172013
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4358
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Central Air
Water source
Public
Amenities
decorative fireplace
first-floor laundry
fenced backyard
patio
garage
finished basement rec room
Building Details
Year built
1991
Number of units
2
Listing Agency:
Keller Williams Consultants · Keller Williams Realty
(614) 932-2000
Listed By:
Andrea R Kaper · License #2013004247
(614) 804-9100
Added: Aug 13
Changed: Aug 19
Last Checked: Aug 22 at 6:06AM
MLS# 226030749
Copyright © 2026 Columbus and Central Ohio Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1991, this duplex contains nearly 2,900 total square feet, with approximately 1,426 sq ft in each residence. Both units provide 3 bedrooms, 2.5 bathrooms, first-floor laundry, comfortable living areas, decorative fireplaces, patios, fenced backyards, and individual 1-car garages. Kitchens were updated in 2023 with new cabinetry, granite countertops, and upgraded vinyl flooring. The property also has a newer roof, rear steps, water heaters, furnaces, and air conditioners. Unit 2917 adds a finished basement recreation room, while Unit 2919 is vacant and ready for occupancy.
The duplex occupies a 0.17-acre lot on United Court in Reynoldsburg, Ohio. Public water and public sewer serve the property, with heat pump heating and central air conditioning. Unit 2917 is occupied, and Unit 2919 offers flexibility for an owner-occupant, additional household space, or rental use. Tenants pay electric, water, sewer, lawn care, and snow removal.
The duplex occupies a 0.17-acre lot on United Court in Reynoldsburg, Ohio. Public water and public sewer serve the property, with heat pump heating and central air conditioning. Unit 2917 is occupied, and Unit 2919 offers flexibility for an owner-occupant, additional household space, or rental use. Tenants pay electric, water, sewer, lawn care, and snow removal.
Key Highlights
- Nearly 2,900 total square feet; approximately 1,426 sq ft per side
- Each unit includes 3 bedrooms, 2.5 bathrooms, laundry, patio, fenced backyard, and a 1‑car garage
- Both kitchens were updated in 2023 with cabinetry, granite countertops, and upgraded vinyl flooring
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
$30,748
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
7.69%
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%
$614,960
$615.0K
Cap Rate 7%
$439,257
$439.3K
Cap Rate 9%
$341,644
$341.6K
Market Conditions
NOI Build-Up for 2,900 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
$47.0K $16.20/SF
− Vacancy
−$3.1K −$1.05/SF
EGI
$43.9K $15.15/SF
− OpEx
−$13.2K −$4.54/SF
NOI
$30.7K $10.60/SF
Area
Franklin County, OH
Vacancy
6.50%
Lease Rate
$16.20 /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%
$614,960
Cap Rate 7%
$439,257
Cap Rate 9%
$341,644
Alternative Uses
Best Use
Multifamily LT 5
$439.3K
$384.4K – $512.5K
NOI $30,748 @ 7.0% cap · market cap 7.69%
Second Best
Apartment 5plus
$428.1K
$374.6K – $499.5K
NOI $29,967 @ 7.0% cap · market cap 7.49%
Theoretical Best
Specialty Retail
$591.2K
$517.3K – $689.8K
NOI $41,386 @ 7.0% cap · market cap 10.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
50%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
439
Businesses Nearby
Explore this area
Business Placement
Demographics for 43068, OH
59,585
Population
25,294
Households
2.4
Avg Household Size
36
Median Age
30%
College-Educated
91%
High-School Grad
19.6 sq mi
ZIP Area
3,040
Density / Sq Mi
$70,451
Median Household Income
$42,327
Median Earnings
$1,214
Median Rent
$225,500
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 residential units offer refreshed kitchens, private outdoor space, and flexible owner-occupant or rental use.
Where is this duplex located?
The property is located at 2917-2919 United Court Reynoldsburg, OH.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Nearly 2,900 total square feet; approximately 1,426 sq ft per side; Each unit includes 3 bedrooms, 2.5 bathrooms, laundry, patio, fenced backyard, and a 1‑car garage; Both kitchens were updated in 2023 with cabinetry, granite countertops, and upgraded vinyl flooring
