Reconstructed Historic
330-332 Loeffler Avenue Unit 330332 Columbus, OH 43205
For Sale
$600,000
Historic duplex fully reconstructed with new major systems and a finished third-floor living space.
Property Size2,980 SF
Price / SF$201.34
Days on Market15
Property Features for 330-332 Loeffler Avenue Unit 330332
General Information
Standard status
Active
Size
2,980 SF
Property subtype
Multi-Family / Duplex
Building Details
Year Built
1900
Listing Agency:
Key Realty
(614) 769-4419
Listed By:
Brittney N Miller · License #2014002205
(614) 769-4419
Source:
Compass
Added: Jul 15
Changed: Jul 21
Last Checked: Jul 28 at 2:45PM
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 Key Realty
Investment Insights
Based on property information with market context.
This reconstructed historic duplex at 330–332 Loeffler Avenue features extensive updates throughout. Nearly every component has been replaced or upgraded, including all-new electrical, plumbing, HVAC systems, insulation, drywall, flooring, windows, doors, roofing, fixtures, lighting, kitchens, and bathrooms. Each unit offers modern interior finishes with updated kitchens, cabinetry, countertops, new appliances, contemporary lighting, and stylish bathrooms.
In addition, the finished third-floor living space provides flexibility with its own heating and cooling system and a full bath. The exterior improvements include restored brick masonry, new roofing, new dormer sidings, and a new gated fence, while preserving the property’s historic curb appeal.
Located in a historic district, the property may be eligible for tax abatement benefits (buyer to verify). Offered for sale as a turnkey owner-occupied income opportunity, the work has largely been completed with modern systems and finishes throughout.
In addition, the finished third-floor living space provides flexibility with its own heating and cooling system and a full bath. The exterior improvements include restored brick masonry, new roofing, new dormer sidings, and a new gated fence, while preserving the property’s historic curb appeal.
Located in a historic district, the property may be eligible for tax abatement benefits (buyer to verify). Offered for sale as a turnkey owner-occupied income opportunity, the work has largely been completed with modern systems and finishes throughout.
Key Highlights
- Historic duplex rebuilt with extensive replacements, including all‑new electrical, plumbing, HVAC, insulation, drywall, flooring, windows, doors, and roofing
- Central air and gas heat with updated systems
- Finished third‑floor living space with its own heating and cooling and a full bath
Financial Insights For Multifamily LT 5
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 | $39.0k | $13.08 |
| − Vacancy | −$2.7k | −$0.92 |
| EGI | $36.2k | $12.16 |
| − OpEx | −$10.9k | −$3.65 |
| NOI | $25.4k | $8.52 |
2,980 SF · lease $13.08/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$362.5K
$317.2K – $422.9K
NOI $25,375 @ 7.0% cap · market cap 4.23%
Second Best
Apartment 5plus
$291.6K
$255.2K – $340.2K
NOI $20,412 @ 7.0% cap · market cap 3.40%
Theoretical Best
Office A
$621.0K
$543.4K – $724.6K
NOI $43,473 @ 7.0% cap · market cap 7.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Historic duplex fully reconstructed with new major systems and a finished third-floor living space.
Where is this duplex located?
The property is located at 330-332 Loeffler Avenue Unit 330332 Columbus, OH.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Historic duplex rebuilt with extensive replacements, including all‑new electrical, plumbing, HVAC, insulation, drywall, flooring, windows, doors, and roofing; Central air and gas heat with updated systems; Finished third‑floor living space with its own heating and cooling and a full bath
