Duplex with Updated
New
For Sale
$249,900
Pending
4732-4738 Beacon Hill Rd, Columbus, OH 43228
Two separate residences offer appliances, storage sheds, and dedicated paved drive areas.
Property Size1,775 SF
Days on Market3
Property Features for 4732-4738 Beacon Hill Rd
General Information
Standard status
Pending
Size
1,775 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Amenities
outdoor sheds
Building Details
Year Built
1954
Listing Agency:
Tonya Fisher, Key Realty
Listed By:
Rhiannon Ferrari · License #2009003178
(614) 226-1039
Source:
Ferrarihomegroup
Added: Sep 18
Changed: Sep 20
Last Checked: Sep 20 at 8:33AM
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 Tonya Fisher, Key Realty
Investment Insights
Based on property information with market context.
This duplex, built in 1954, includes two separate residences. The home at 4732 Beacon Hill Rd has three bedrooms and one bathroom, along with fresh paint and new carpeting. The 4738 residence offers two bedrooms, one bathroom, and newer carpeting. Both units include appliances and outdoor storage sheds.
The property has distinct paved drive areas, with recently resurfaced blacktop serving 4732 and a concrete drive serving 4738. The sale is strictly as-is, with no repairs to be completed by the seller.
The property has distinct paved drive areas, with recently resurfaced blacktop serving 4732 and a concrete drive serving 4738. The sale is strictly as-is, with no repairs to be completed by the seller.
Key Highlights
- Duplex with two separate residences
- 4732 unit includes 3 bedrooms and 1 bathroom
- 4738 unit includes 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,240
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.90%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$344,800
$344.8K
Cap Rate 7%
$246,286
$246.3K
Cap Rate 9%
$191,556
$191.6K
Market Conditions
NOI Build-Up for 1,775 SF
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.
Gross rent
$26.6K $15.00/SF
− Vacancy
−$2.0K −$1.13/SF
EGI
$24.6K $13.88/SF
− OpEx
−$7.4K −$4.16/SF
NOI
$17.2K $9.71/SF
Area
ZIP 43228
Vacancy
7.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$344,800
Cap Rate 7%
$246,286
Cap Rate 9%
$191,556
Alternative Uses
Best Use
Multifamily LT 5
$246.3K
$215.5K – $287.3K
NOI $17,240 @ 7.0% cap · market cap 6.90%
Second Best
Apartment 5plus
$220.5K
$193.0K – $257.3K
NOI $15,438 @ 7.0% cap · market cap 6.18%
Theoretical Best
Warehouse
$377.9K
$330.7K – $440.9K
NOI $26,454 @ 7.0% cap · market cap 10.59%
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
1,130
Businesses Nearby
Explore this area
Business Placement
Demographics for 43228, OH
58,465
Population
25,623
Households
2.3
Avg Household Size
32
Median Age
26%
College-Educated
86%
High-School Grad
19.9 sq mi
ZIP Area
2,938
Density / Sq Mi
$60,895
Median Household Income
$40,211
Median Earnings
$1,169
Median Rent
$204,000
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 - Two separate residences offer appliances, storage sheds, and dedicated paved drive areas.
Where is this duplex located?
The property is located at 4732-4738 Beacon Hill Rd Columbus, OH.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Duplex with two separate residences; 4732 unit includes 3 bedrooms and 1 bathroom; 4738 unit includes 2 bedrooms and 1 bathroom
