Tenant-Occupied
For Sale
$199,000
2967-2969 Hiawatha St, Columbus, OH 43224
Leased duplex offered in as-is condition with curb offers only.
Property Size1,152 SF
Price / SF$172.74
Days on Market48
Property Features for 2967-2969 Hiawatha St
General Information
Standard status
Active
Size
1,152 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
North Linden
Additional Details
Gross Income
$15,300
Multifamily Units
2
Building Details
Year Built
1961
Listing Agency:
J. Gregory Hart, Hart Real Estate Agency LLC
Listed By:
Real Estate Showcase RES
(740) 389-2000
Source:
Resmarion
Added: Sep 6
Changed: Oct 23
Last Checked: Oct 23 at 6:29AM
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 J. Gregory Hart, Hart Real Estate Agency LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains 1,152 square feet and was built in 1961. The property is currently occupied by leased tenants and is being offered in as-is condition. Curb offers only are being considered for 2967-2969 Hiawatha St in Columbus, Ohio.
Key Highlights
- Duplex with 1,152 square feet
- Built in 1961
- Currently occupied by leased tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,809
Cap Rate
4.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$196,180
$196.2K
Cap Rate 7%
$140,129
$140.1K
Cap Rate 9%
$108,989
$109.0K
Market Conditions
NOI Build-Up for 1,152 SF
Gross rent
$15.1K $13.08/SF
− Vacancy
−$1.1K −$0.92/SF
EGI
$14.0K $12.16/SF
− OpEx
−$4.2K −$3.65/SF
NOI
$9.8K $8.52/SF
Area
Columbus, OH
Vacancy
7.00%
Lease Rate
$13.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$196,180
Cap Rate 7%
$140,129
Cap Rate 9%
$108,989
Alternative Uses
Best Use
Multifamily LT 5
$140.1K
$122.6K – $163.5K
NOI $9,809 @ 7.0% cap · market cap 4.93%
Second Best
Apartment 5plus
$112.7K
$98.6K – $131.5K
NOI $7,891 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$240.1K
$210.1K – $280.1K
NOI $16,806 @ 7.0% cap · market cap 8.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
330
Businesses Nearby
Explore this area
Business Placement
Demographics for 43224, OH
43,544
Population
19,238
Households
2.3
Avg Household Size
34
Median Age
22%
College-Educated
79%
High-School Grad
8.3 sq mi
ZIP Area
5,246
Density / Sq Mi
$50,934
Median Household Income
$34,966
Median Earnings
$1,025
Median Rent
$159,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Leased duplex offered in as-is condition with curb offers only.
Where is this duplex located?
The property is located at 2967-2969 Hiawatha St Columbus, OH.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Duplex with 1,152 square feet; Built in 1961; Currently occupied by leased tenants
