Duplex with Finished
New
For Sale
$439,000
384-386 W Powell Rd, Powell, OH 43065
The property has an attached garage, concrete patios, and a wooded rear yard.
Property Size2,400 SF
Price / SF$182.92
Days on Market2
Property Features for 384-386 W Powell Rd
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
finished basement
concrete patios
Building Details
Year Built
1984
Buildings
1
Listing Agency:
Joseph Mosher, BHHS American Realty Center
Listed By:
Contact LOCAL Agent
(614) 291-1200
Source:
Realtyohio
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 14 at 9:34PM
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 Joseph Mosher, BHHS American Realty Center
Investment Insights
Based on property information with market context.
This 2,400-square-foot duplex was built in 1984 and includes two bedrooms, 1.5 bathrooms, a finished basement, and an attached garage with an opener. The kitchen has granite countertops, and the property also features concrete patios and a wooded rear yard. HVAC, windows, and flooring have been updated; tenants are responsible for utilities and yard maintenance.
Located at 384-386 W Powell Rd in Powell, the property is near Polaris and is served by Olentangy Schools. There are no association fees.
Located at 384-386 W Powell Rd in Powell, the property is near Polaris and is served by Olentangy Schools. There are no association fees.
Key Highlights
- 2,400‑square‑foot duplex built in 1984
- Two bedrooms and 1.5 bathrooms
- Finished basement and attached garage with opener
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,869
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$417,380
$417.4K
Cap Rate 7%
$298,129
$298.1K
Cap Rate 9%
$231,878
$231.9K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$34.3K $14.28/SF
− Vacancy
−$4.5K −$1.86/SF
EGI
$29.8K $12.42/SF
− OpEx
−$8.9K −$3.73/SF
NOI
$20.9K $8.70/SF
Area
Delaware County, OH
Vacancy
13.01%
Lease Rate
$14.28 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$417,380
Cap Rate 7%
$298,129
Cap Rate 9%
$231,878
Alternative Uses
Best Use
Multifamily LT 5
$298.1K
$260.9K – $347.8K
NOI $20,869 @ 7.0% cap · market cap 4.75%
Second Best
Apartment 5plus
$273.4K
$239.2K – $319.0K
NOI $19,138 @ 7.0% cap · market cap 4.36%
Theoretical Best
Warehouse
$483.7K
$423.3K – $564.4K
NOI $33,861 @ 7.0% cap · market cap 7.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
384
Businesses Nearby
Explore this area
Business Placement
Demographics for 43065, OH
44,829
Population
17,468
Households
2.6
Avg Household Size
41
Median Age
68%
College-Educated
98%
High-School Grad
28.1 sq mi
ZIP Area
1,595
Density / Sq Mi
$154,797
Median Household Income
$83,357
Median Earnings
$1,811
Median Rent
$451,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - The property has an attached garage, concrete patios, and a wooded rear yard.
Where is this duplex located?
The property is located at 384-386 W Powell Rd Powell, OH.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: 2,400‑square‑foot duplex built in 1984; Two bedrooms and 1.5 bathrooms; Finished basement and attached garage with opener
