Updated Dublin Condo
For Sale
Contact for pricing
2942-2948 Sawdust Lane, Dublin, OH 43017
Updated four-unit condo building in Dublin school district.
Property Size4,800 SF
Price / SF$187.50
Days on Market219
Property Features for 2942-2948 Sawdust Lane
General Information
Standard status
Active
Size
4,800 SF
Total Parking Spaces
8
Property subtype
Multifamily
Occupancy
75%
Net Operating Income
$51,141
Building Details
Year Built
1983
Year Renovated
2025
Units
4
Listing Agency:
Vision Realty, Inc.
Listed By:
Donald Payne · License #2017001048
(614) 323-4348
Source:
Crexi
Added: Mar 1
Changed: Sep 3
Last Checked: Aug 26 at 1:56AM
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 Vision Realty, Inc.
Investment Insights
Based on property information with market context.
Located on Sawdust Lane in Dublin, Ohio, this updated four-unit condo building resides within the Dublin school district. Each unit features 2 bedrooms and 1.5 bathrooms, with a finished basement. The kitchens have been updated with stainless steel appliances and granite countertops. The full bathrooms include a tub, tile surround, and new vanity. A half bathroom is conveniently located off the living room. The condos feature new flooring, fresh paint, and new lighting throughout. A fenced-in patio offers space for relaxation and entertainment. Each unit, approximately 1024 sq ft above ground and 1200 sq ft total, includes basement storage and laundry facilities. Condo fees are under $150 per month. Each unit has a parking space, with additional visitor parking available. Three of the four units are rented for just under $1800 a month. The property is fully occupied and brings in over $86,000 a year. Property management has been in place for over 12 months.
Key Highlights
- High income potential: Fully occupied, generating over $86,000 annually.
- Rental Income: 3 of 4 units are rented for just under $1800 a month.
- Updated Units: Features new stainless steel appliances, granite countertops, flooring, paint, and lighting.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,894
Cap Rate
5.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,017,880
$1.0M
Cap Rate 7%
$727,057
$727.1K
Cap Rate 9%
$565,489
$565.5K
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$77.8K $16.20/SF
− Vacancy
−$5.1K −$1.05/SF
EGI
$72.7K $15.15/SF
− OpEx
−$21.8K −$4.54/SF
NOI
$50.9K $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 Rate 5%
$1,017,880
Cap Rate 7%
$727,057
Cap Rate 9%
$565,489
Alternative Uses
Best Use
Multifamily LT 5
$727.1K
$636.2K – $848.2K
NOI $50,894 @ 7.0% cap · market cap 5.65%
Second Best
Apartment 5plus
$708.6K
$620.0K – $826.7K
NOI $49,601 @ 7.0% cap · market cap 5.51%
Theoretical Best
Specialty Retail
$978.6K
$856.3K – $1.14M
NOI $68,501 @ 7.0% cap · market cap 7.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
584
Businesses Nearby
Explore this area
Business Placement
Demographics for 43017, OH
43,619
Population
16,819
Households
2.6
Avg Household Size
38
Median Age
69%
College-Educated
97%
High-School Grad
16.1 sq mi
ZIP Area
2,709
Density / Sq Mi
$133,116
Median Household Income
$67,448
Median Earnings
$1,563
Median Rent
$475,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Quadplex - Updated four-unit condo building in Dublin school district.
Where is this quadplex located?
The property is located at 2942-2948 Sawdust Lane Dublin, OH.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: High income potential: Fully occupied, generating over $86,000 annually.; Rental Income: 3 of 4 units are rented for just under $1800 a month.; Updated Units: Features new stainless steel appliances, granite countertops, flooring, paint, and lighting.
