Brick Duplex with Updated
3160 Sullivant Avenue Columbus, OH 43204
For Sale
$189,900
Pending
Solid brick duplex offers two 2-bedroom, 1-bath units with a shared divided basement and updated roof.
Property Size2,436 SF
Days on Market114
Property Features for 3160 Sullivant Avenue
General Information
- Standard status
- Pending
- Size
- 2,436 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1955
Listing Agency:
Hart Real Estate Agency LLC
(614) 738-8384
Listed By:
J. Gregory Hart · License #301937
(614) 738-8384
Source:
Compass
Added: Apr 2
Changed: Jul 22
Last Checked: Jul 23 at 9:07AM
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 Hart Real Estate Agency LLC
Investment Insights
Based on property information with market context.
Solid brick duplex in the Westgate area featuring two units, each with two bedrooms and one full bath. The property includes a shared divided basement and a two-car block garage. The roof has been updated.
The duplex is located on the bus line, and the current tenancy is described as long term, with tenants in place for 20+ years.
This offering is presented as a priced-for-updates opportunity for buyers seeking a residential income property with established occupancy.
The duplex is located on the bus line, and the current tenancy is described as long term, with tenants in place for 20+ years.
This offering is presented as a priced-for-updates opportunity for buyers seeking a residential income property with established occupancy.
Key Highlights
- Solid brick duplex in the Westgate area on the bus line
- Two units: each offers 2 bedrooms and 1 full bath
- Shared divided basement with parking in a 2‑car block garage
Financial Insights For Apartment 5plus
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 | $32.4k | $13.32 |
| − Vacancy | −$2.1k | −$0.87 |
| EGI | $30.3k | $12.45 |
| − OpEx | −$13.7k | −$5.60 |
| NOI | $16.7k | $6.85 |
2,436 SF · lease $13.32/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$296.3K
$259.3K – $345.7K
NOI $20,743 @ 7.0% cap · market cap 10.92%
Second Best
Apartment 5plus
$238.4K
$208.6K – $278.1K
NOI $16,686 @ 7.0% cap · market cap 8.79%
Theoretical Best
Office A
$507.7K
$444.2K – $592.3K
NOI $35,537 @ 7.0% cap · market cap 18.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Solid brick duplex offers two 2-bedroom, 1-bath units with a shared divided basement and updated roof.
Where is this duplex located?
The property is located at 3160 Sullivant Avenue Columbus, OH.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: Solid brick duplex in the Westgate area on the bus line; Two units: each offers 2 bedrooms and 1 full bath; Shared divided basement with parking in a 2‑car block garage
