New Construction Duplex With Carriage
3294-3298 Rose Avenue 3294, Grove City, OH 43123
For Sale
$709,000
Two-bedroom units feature modern finishes, dedicated parking, and additional finished-space potential above the detached carriage house.
Property Size2,916 SF
Price / SF$243.14
Days on Market109
Property Features for 3294-3298 Rose Avenue 3294
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Buildings
Listing Agency:
Howard Hanna Real Estate Svcs
Listed By:
Kenneth Spangler
(614) 402-4973
Source:
Vutech-ruff
Added: Jul 24
Changed: Nov 6
Last Checked: Nov 8 at 11:55AM
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 Howard Hanna Real Estate Svcs
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Investment Insights
Based on property information with market context.
Completed in 2026, this duplex property contains 2,916 square feet across two residential units. Each unit provides two bedrooms and two full bathrooms, with stainless steel appliances and granite countertops. The detached carriage house supplies dedicated parking for both units and includes an upper-level bonus area with a separate address. Plumbing and electrical infrastructure are already in place within the carriage house.
The property is located in Grove City, Ohio, and qualifies for the Grove City CRA tax abatement, providing 15 years of tax savings. The combination of new construction, two-bedroom layouts, contemporary interior finishes, dedicated parking, and additional space above the carriage house supports both residential occupancy and income-producing use.
The property is located in Grove City, Ohio, and qualifies for the Grove City CRA tax abatement, providing 15 years of tax savings. The combination of new construction, two-bedroom layouts, contemporary interior finishes, dedicated parking, and additional space above the carriage house supports both residential occupancy and income-producing use.
Key Highlights
- 2026 construction with 2,916 SF across two duplex units
- Each unit includes 2 bedrooms and 2 full bathrooms
- Stainless steel appliances and granite countertops in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,918
Cap Rate
4.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$618,360
$618.4K
Cap Rate 7%
$441,686
$441.7K
Cap Rate 9%
$343,533
$343.5K
Market Conditions
NOI Build-Up for 2,916 SF
Gross rent
$47.2K $16.20/SF
− Vacancy
−$3.1K −$1.05/SF
EGI
$44.2K $15.15/SF
− OpEx
−$13.3K −$4.54/SF
NOI
$30.9K $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%
$618,360
Cap Rate 7%
$441,686
Cap Rate 9%
$343,533
Alternative Uses
Best Use
Multifamily LT 5
$441.7K
$386.5K – $515.3K
NOI $30,918 @ 7.0% cap · market cap 4.36%
Second Best
Apartment 5plus
$430.5K
$376.7K – $502.2K
NOI $30,133 @ 7.0% cap · market cap 4.25%
Theoretical Best
Specialty Retail
$594.5K
$520.2K – $693.6K
NOI $41,614 @ 7.0% cap · market cap 5.87%
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
831
Businesses Nearby
Explore this area
Business Placement
Demographics for 43123, OH
66,188
Population
27,876
Households
2.4
Avg Household Size
39
Median Age
31%
College-Educated
91%
High-School Grad
59.7 sq mi
ZIP Area
1,109
Density / Sq Mi
$87,883
Median Household Income
$49,747
Median Earnings
$1,279
Median Rent
$262,400
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Franklin County, OH
Properties on Market for Duplexes in Franklin County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom units feature modern finishes, dedicated parking, and additional finished-space potential above the detached carriage house.
Where is this duplex located?
The property is located at 3294-3298 Rose Avenue 3294 Grove City, OH.
What is the asking price?
The asking price for this property is $709,000.
What are key features of this property?
This property features: 2026 construction with 2,916 SF across two duplex units; Each unit includes 2 bedrooms and 2 full bathrooms; Stainless steel appliances and granite countertops in both units
