Building Details

Year Built 1900

Listing Agency: Ling Hunter, Red 1 Realty

Listed By: Real Estate Showcase RES Show Phone

Source: Resmarion

Added: Aug 21 Changed: Oct 16 Last Checked: Oct 16 at 8:25AM

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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 Ling Hunter, Red 1 Realty

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Investment Insights

Based on property information with market context.

Built in 1900, this duplex contains six bedrooms across two units and blends refreshed finishes with period character. Interior improvements include modern lighting and fixtures, granite countertops, and premium stainless steel appliances. Hardwood floors, high ceilings, and exposed brick accents retain the building’s historic architectural appeal while supporting a more contemporary interior presentation.

Both units are currently occupied on a month-to-month basis, providing an existing operating profile with flexible lease terms. The property is located on E Sycamore Street in Schumacher Place, with German Village, the Brewery District, Olde Towne East, downtown Columbus, and Nationwide Children’s Hospital described as just minutes away.

Key Highlights

• Six bedrooms configured across two units
• Built in 1900
• Both units occupied month to month

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$20,981

Cap Rate

3.82%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$419,620 $419.6K

Cap Rate 7%

$299,729 $299.7K

Cap Rate 9%

$233,122 $233.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,464 SF

Gross rent

$32.2K $13.08/SF

− Vacancy

−$2.3K −$0.92/SF

EGI

$30.0K $12.16/SF

− OpEx

−$9.0K −$3.65/SF

NOI

$21.0K $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%

$419,620

Cap Rate 7%

$299,729

Cap Rate 9%

$233,122

Alternative Uses

Best Use

Multifamily LT 5

$299.7K

$262.3K – $349.7K (±1% cap)

NOI $20,981 @ 7.0% cap · market cap 3.82%

Second Best

Apartment 5plus

$241.1K

$211.0K – $281.3K (±1% cap)

NOI $16,878 @ 7.0% cap · market cap 3.07%

Theoretical Best

Office A

$513.5K

$449.3K – $599.1K (±1% cap)

NOI $35,946 @ 7.0% cap · market cap 6.54%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Electrical Service Grocery & Convenience Store Kitchen & Bath Showroom Acupuncture Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

3,278

Businesses Nearby

Explore this area Business Placement

Demographics for 43206, OH

21,594

Population

12,758

Households

1.7

Avg Household Size

35

Median Age

48%

College-Educated

94%

High-School Grad

3.0 sq mi

ZIP Area

7,198

Density / Sq Mi

$74,421

Median Household Income

$52,603

Median Earnings

$1,339

Median Rent

$280,400

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two occupied units combine updated interiors with historic architectural details.

Where is this duplex located?

The property is located at 435-437 E Sycamore St Columbus, OH.

What is the asking price?

The asking price for this property is $549,900.

What are key features of this property?

This property features: Six bedrooms configured across two units; Built in 1900; Both units occupied month to month