Updated Dublin Condo
For Sale
$899,999
Pending
2942-2948 Sawdust Lane, Dublin, OH 43017
Four-unit condo building in Dublin school district, generating $86,000 annually.
Property Size4,096 SF
Days on Market134
Property Features for 2942-2948 Sawdust Lane
General Information
Standard status
Pending
Size
4,096 SF
Property subtype
Multi-Family / Townhouse
Net Operating Income
$51,141
Taxes and HOA fees
Annual Taxes
$8,652
Amenities
Central Air
Forced Air
Gas
Yes
Building Details
Year Built
1983
Listing Agency:
Vision Realty, Inc.
Listed By:
Donald A Payne · License #2017001048
(614) 414-2062
Source:
Compass
Added: May 27
Changed: Sep 10
Last Checked: Oct 5 at 8:42PM
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 approximately 1024 square feet above ground and a total of 1200 sq ft including a finished basement that provides storage and laundry facilities. The kitchens have been updated with stainless steel appliances and granite countertops. The full bathrooms include a tub, tile surround, and new vanity. The units have new flooring, fresh paint, and updated lighting. A fenced patio offers space for relaxation and entertaining. Each unit is individually parceled as a condo. Three of the four units are rented for just under $1800 a month. Condo fees are under $150 per month. Each unit includes a parking space, with additional visitor parking available. The property generates over $86,000 annually when fully occupied. Property management has been in place for over 12 months.
Key Highlights
- Fully occupied 4‑unit condo building generating over $86,000 annually.
- Located in the highly desirable Dublin school district.
- Three of four units are currently rented for just under $1800 per month.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,429
Cap Rate
4.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$868,580
$868.6K
Cap Rate 7%
$620,414
$620.4K
Cap Rate 9%
$482,544
$482.5K
Market Conditions
NOI Build-Up for 4,096 SF
Gross rent
$66.4K $16.20/SF
− Vacancy
−$4.3K −$1.05/SF
EGI
$62.0K $15.15/SF
− OpEx
−$18.6K −$4.54/SF
NOI
$43.4K $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%
$868,580
Cap Rate 7%
$620,414
Cap Rate 9%
$482,544
Alternative Uses
Best Use
Multifamily LT 5
$620.4K
$542.9K – $723.8K
NOI $43,429 @ 7.0% cap · market cap 4.83%
Second Best
Apartment 5plus
$604.7K
$529.1K – $705.5K
NOI $42,327 @ 7.0% cap · market cap 4.70%
Theoretical Best
Specialty Retail
$835.1K
$730.7K – $974.2K
NOI $58,454 @ 7.0% cap · market cap 6.49%
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
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit condo building in Dublin school district, generating $86,000 annually.
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 $899,999.
What are key features of this property?
This property features: Fully occupied 4‑unit condo building generating over $86,000 annually.; Located in the highly desirable Dublin school district.; Three of four units are currently rented for just under $1800 per month.
