Residential Income Triplex
2931-2935 McGuffey Rd Columbus, OH 43224
New
For Sale
$599,000
Two triplex buildings deliver six residential units on a 0.23-acre R3-zoned parcel.
Property Size6,180 SF
Lot Size0.23 Acres
Price / SF$96.93
Days on Market4
Property Features for 2931-2935 McGuffey Rd
General Information
Standard status
Active
Size
6,180 SF
Lot size
0.23 Acres
Property subtype
Multi-Family
Building Details
Year Built
1973
Listing Agency:
NAI Ohio Equities
(614) 940-4032
Listed By:
Bastian Gehrer · License #2023003682
Source:
Commercialcafe
Added: Jul 26
Changed: Jul 28
Last Checked: Jul 28 at 6:24AM
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 NAI Ohio Equities
Investment Insights
Based on property information with market context.
2931–2935 McGuffey Road is a 6,180 SF multifamily property comprised of two triplex buildings with six total residential units. The triplex buildings are each approximately 3,090 SF and sit together on a 0.23-acre parcel.
The property is located in Columbus’ North Linden neighborhood, with quick access to I-71, SR-161, and Downtown Columbus. It is also positioned just minutes from The Ohio State University, with nearby retail corridors along Cleveland Avenue and Morse Road.
Zoned Residential (R3), the property offers a straightforward multifamily configuration across the two attached triplex structures.
The property is located in Columbus’ North Linden neighborhood, with quick access to I-71, SR-161, and Downtown Columbus. It is also positioned just minutes from The Ohio State University, with nearby retail corridors along Cleveland Avenue and Morse Road.
Zoned Residential (R3), the property offers a straightforward multifamily configuration across the two attached triplex structures.
Key Highlights
- 6,180 SF multifamily property built in 1973 on a 0.23‑acre parcel
- Six total units across two triplex buildings (each approximately 3,090 SF)
- Zoned Residential (R3) for multifamily use
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 | $80.8k | $13.08 |
| − Vacancy | −$5.7k | −$0.92 |
| EGI | $75.2k | $12.16 |
| − OpEx | −$22.6k | −$3.65 |
| NOI | $52.6k | $8.52 |
6,180 SF · lease $13.08/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$751.8K
$657.8K – $877.1K
NOI $52,623 @ 7.0% cap · market cap 8.79%
Second Best
Apartment 5plus
$604.7K
$529.2K – $705.5K
NOI $42,332 @ 7.0% cap · market cap 7.07%
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M
NOI $90,156 @ 7.0% cap · market cap 15.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Two triplex buildings deliver six residential units on a 0.23-acre R3-zoned parcel.
Where is this triplex located?
The property is located at 2931-2935 McGuffey Rd Columbus, OH.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 6,180 SF multifamily property built in 1973 on a 0.23‑acre parcel; Six total units across two triplex buildings (each approximately 3,090 SF); Zoned Residential (R3) for multifamily use
