Updated Duplex with
For Sale
$400,000
29172919 2917-2919 United Ct, Reynoldsburg, OH 43068
Two spacious units offer renovated kitchens, private outdoor areas, and separate one-car garages on a cul-de-sac.
Property Size2,900 SF
Price / SF$137.93
Days on Market13
Property Features for 29172919 2917-2919 United Ct
General Information
Standard status
Active
Size
2,900 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Occupancy
50%
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Parking per Unit
1
Additional Details
Road Access
Yes
Amenities
decorative fireplace
finished basement rec room
fenced backyard
patio
first-floor laundry
Building Details
Year Built
1991
Buildings
1
Listing Agency:
Keller Williams Consultants
(614) 804-9100
Listed By:
Andrea R Kaper · License #2013004247
Source:
Dreamcolumbus
Added: Aug 17
Changed: Aug 28
Last Checked: Aug 28 at 8:13PM
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 Keller Williams Consultants
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 square feet per unit. Each side includes three bedrooms, 2.5 bathrooms, first-floor laundry, generous living space, a decorative fireplace, a patio, a fenced backyard, and a one-car garage. Unit 2917 adds a finished basement recreation room that can serve as office, playroom, or media space.
Both kitchens received 2023 updates with new cabinetry, granite countertops, and upgraded vinyl flooring. The property also has a new roof, new rear steps to the backyards, and newer water heaters, furnaces, and air conditioners with warranties in place. One side is occupied, while 2919 is vacant and ready for occupancy. Tenants pay electric, water, sewer, lawn care, and snow removal. The duplex is located at 2917-2919 United Ct in Reynoldsburg, Ohio.
Both kitchens received 2023 updates with new cabinetry, granite countertops, and upgraded vinyl flooring. The property also has a new roof, new rear steps to the backyards, and newer water heaters, furnaces, and air conditioners with warranties in place. One side is occupied, while 2919 is vacant and ready for occupancy. Tenants pay electric, water, sewer, lawn care, and snow removal. The duplex is located at 2917-2919 United Ct in Reynoldsburg, Ohio.
Key Highlights
- Nearly 2,900 total square feet with approximately 1,426 square feet per side
- Two 3‑bedroom, 2.5‑bathroom units with first‑floor laundry
- Kitchens 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
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 spacious units offer renovated kitchens, private outdoor areas, and separate one-car garages on a cul-de-sac.
Where is this duplex located?
The property is located at 29172919 2917-2919 United Ct 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 with approximately 1,426 square feet per side; Two 3‑bedroom, 2.5‑bathroom units with first‑floor laundry; Kitchens updated in 2023 with cabinetry, granite countertops, and upgraded vinyl flooring
