Duplex with Updated
New
For Sale
$270,000
39 N Guilford Ave, Columbus, OH 43222
Both units are vacant and feature four bedrooms apiece, with heating and cooling systems installed in 2023.
Property Size1,954 SF
Price / SF$138.18
Days on Market1
Property Features for 39 N Guilford Ave
General Information
Standard status
Active
Size
1,954 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1923
Buildings
1
Listing Agency:
Leanne Henry, Howard Hannarealestateservices
Listed By:
The Daniel Team
(614) 402-5212
Source:
Newdirectionsrealtyltd
Added: Oct 7
Last Checked: Oct 7 at 10:26AM
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 Leanne Henry, Howard Hannarealestateservices
Investment Insights
Based on property information with market context.
This duplex contains two vacant units, each arranged with two bedrooms on the first floor and two on the second, for eight bedrooms overall. The property was built in 1923, and both furnaces and air-conditioning systems were installed in 2023. A small park sits directly in front of the building.
Key Highlights
- Two vacant units, each with four bedrooms
- Eight bedrooms total, with two on each floor per unit
- Furnaces and A/C systems installed in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,638
Cap Rate
6.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$332,760
$332.8K
Cap Rate 7%
$237,686
$237.7K
Cap Rate 9%
$184,867
$184.9K
Market Conditions
NOI Build-Up for 1,954 SF
Gross rent
$25.6K $13.08/SF
− Vacancy
−$1.8K −$0.92/SF
EGI
$23.8K $12.16/SF
− OpEx
−$7.1K −$3.65/SF
NOI
$16.6K $8.52/SF
Area
Columbus, OH
Vacancy
7.00%
Lease Rate
$13.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$332,760
Cap Rate 7%
$237,686
Cap Rate 9%
$184,867
Alternative Uses
Best Use
Multifamily LT 5
$237.7K
$208.0K – $277.3K
NOI $16,638 @ 7.0% cap · market cap 6.16%
Second Best
Apartment 5plus
$191.2K
$167.3K – $223.1K
NOI $13,385 @ 7.0% cap · market cap 4.96%
Theoretical Best
Office A
$407.2K
$356.3K – $475.1K
NOI $28,506 @ 7.0% cap · market cap 10.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
527
Businesses Nearby
Explore this area
Business Placement
Demographics for 43222, OH
4,124
Population
2,311
Households
1.8
Avg Household Size
34
Median Age
16%
College-Educated
73%
High-School Grad
1.4 sq mi
ZIP Area
2,946
Density / Sq Mi
$36,440
Median Earnings
$752
Median Rent
$215,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Both units are vacant and feature four bedrooms apiece, with heating and cooling systems installed in 2023.
Where is this duplex located?
The property is located at 39 N Guilford Ave Columbus, OH.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: Two vacant units, each with four bedrooms; Eight bedrooms total, with two on each floor per unit; Furnaces and A/C systems installed in 2023
