3423-3425 Demorest Road Grove City, OH 43123
Turn-key duplex in Grove City with recent renovations.
Property Features for 3423-3425 Demorest Road
General Information
- Standard status
- Active
- Size
- 1,753 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1986
Listing office ERA Real Solutions Realty (614) 214-2522
Listing date May 25, 2026
Source Compass
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Investment Insights
Based on property information with market context.
Key Highlights
- Turn‑key ready and newly remodeled on both sides
- New roof, windows, HVAC, and hot water tank (installed/updated in 2023 and 2025)
- Well located near the desirable Beulah area of Grove City
Local 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 | $28.4k | $16.20 |
| − Vacancy | −$1.8k | −$1.05 |
| EGI | $26.6k | $15.15 |
| − OpEx | −$8.0k | −$4.54 |
| NOI | $18.6k | $10.60 |
