Updated 4-Unit
For Sale
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2942 Sawdust Ln, Dublin, OH 43017
Renovated interiors feature stainless steel appliances, granite countertops, finished basements, and private fenced patios.
Property Size4,096 SF
Price / SF$219.73
Days on Market238
Property Features for 2942 Sawdust Ln
General Information
Standard status
Active
Size
4,096 SF
Class
A
Total Parking Spaces
8
Property subtype
Multifamily
Occupancy
75%
Investment Type
Stabilized
Net Operating Income
$51,141
Units
Multifamily Units
4
Parking per Unit
1
Amenities
fenced-in patio
laundry
Building Details
Year Renovated
2025
Buildings
1
Stories
2
Units
4
Listing Agency:
Vision Realty, Inc.
Listed By:
Donald Payne · License #2017001048
(614) 414-2062
Source:
Crexi
Added: Feb 28
Changed: Oct 2
Last Checked: Oct 23 at 4:59AM
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.
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Investment Insights
Based on property information with market context.
This four-unit residential property consists of individually parceled condominium homes, each offering approximately 1,024 square feet above grade and 1,200 square feet in total. The residences are configured with two bedrooms and one-and-a-half bathrooms, along with finished basement areas that provide storage and laundry space. Recent improvements include stainless steel kitchen appliances, granite countertops, new flooring, fresh paint, updated lighting, renovated bathroom finishes, and tile tub surrounds.
Each unit includes a fenced rear patio, one assigned parking space, and access to additional visitor parking. Three of the four units are currently rented, and property management has been in place for more than 12 months. The building is located within the Dublin school district at 2942 Sawdust Lane in Dublin, Ohio.
Each unit includes a fenced rear patio, one assigned parking space, and access to additional visitor parking. Three of the four units are currently rented, and property management has been in place for more than 12 months. The building is located within the Dublin school district at 2942 Sawdust Lane in Dublin, Ohio.
Key Highlights
- Four individually parceled condominium units
- Approximately 1,024 SF above grade and 1,200 SF total per unit
- Updated kitchens with stainless steel appliances and granite countertops
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.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
584
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Renovated interiors feature stainless steel appliances, granite countertops, finished basements, and private fenced patios.
Where is this quadplex located?
The property is located at 2942 Sawdust Ln 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: Four individually parceled condominium units; Approximately 1,024 SF above grade and 1,200 SF total per unit; Updated kitchens with stainless steel appliances and granite countertops
