Remodeled Duplex With
For Sale
$320,000
4106-4108 Larry Place, Columbus, OH 43227
Updated two-unit property with full basements and private fenced backyards.
Property Size1,888 SF
Price / SF$169.49
Days on Market56
Property Features for 4106-4108 Larry Place
General Information
Standard status
Active
Size
1,888 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
2
Building Details
Year Built
1967
Listing Agency:
Samuel Roper, Td Realty Ohio, LLC
Listed By:
Contact LOCAL Agent
(614) 291-1200
Source:
Realtyohio
Added: Aug 13
Changed: Oct 6
Last Checked: Oct 5 at 6:50PM
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 Samuel Roper, Td Realty Ohio, LLC
Investment Insights
Based on property information with market context.
This remodeled duplex contains two separate residences with distinct layouts: one offers two bedrooms and one bathroom, while the other provides three bedrooms and one bathroom. Each side includes a full basement and a fenced backyard, adding flexible space and individual outdoor areas to both units.
The two-bedroom residence is vacant and available for occupancy or leasing. The three-bedroom unit is currently leased on a month-to-month basis. Built in 1967, the property is located at 4106-4108 Larry Place in Columbus, Ohio.
The two-bedroom residence is vacant and available for occupancy or leasing. The three-bedroom unit is currently leased on a month-to-month basis. Built in 1967, the property is located at 4106-4108 Larry Place in Columbus, Ohio.
Key Highlights
- Remodeled duplex with two separate units
- Unit mix includes 2 bedrooms/1 bathroom and 3 bedrooms/1 bathroom
- Full basement included with each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,076
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$321,520
$321.5K
Cap Rate 7%
$229,657
$229.7K
Cap Rate 9%
$178,622
$178.6K
Market Conditions
NOI Build-Up for 1,888 SF
Gross rent
$24.7K $13.08/SF
− Vacancy
−$1.7K −$0.92/SF
EGI
$23.0K $12.16/SF
− OpEx
−$6.9K −$3.65/SF
NOI
$16.1K $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%
$321,520
Cap Rate 7%
$229,657
Cap Rate 9%
$178,622
Alternative Uses
Best Use
Multifamily LT 5
$229.7K
$201.0K – $267.9K
NOI $16,076 @ 7.0% cap · market cap 5.02%
Second Best
Apartment 5plus
$184.7K
$161.7K – $215.5K
NOI $12,932 @ 7.0% cap · market cap 4.04%
Theoretical Best
Office A
$393.5K
$344.3K – $459.1K
NOI $27,543 @ 7.0% cap · market cap 8.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
412
Businesses Nearby
Explore this area
Business Placement
Demographics for 43227, OH
25,041
Population
10,874
Households
2.3
Avg Household Size
36
Median Age
14%
College-Educated
88%
High-School Grad
4.1 sq mi
ZIP Area
6,108
Density / Sq Mi
$45,314
Median Household Income
$32,338
Median Earnings
$1,105
Median Rent
$134,300
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 - Updated two-unit property with full basements and private fenced backyards.
Where is this duplex located?
The property is located at 4106-4108 Larry Place Columbus, OH.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Remodeled duplex with two separate units; Unit mix includes 2 bedrooms/1 bathroom and 3 bedrooms/1 bathroom; Full basement included with each unit
