Building Details

Year Built 1986

Listing Agency: Michelle Neville, RE/MAX Revealty

Listed By: Real Estate Showcase RES Show Phone

Source: Resmarion

Added: Aug 13 Changed: Oct 15 Last Checked: Oct 14 at 11:38PM

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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 Michelle Neville, RE/MAX Revealty

Investment Insights

Based on property information with market context.

This 1986-built duplex contains 2678 square feet and two currently rented units. Each residence includes 3 bedrooms, 1.5 bathrooms, an updated kitchen with stainless steel appliances, tile backsplash, and cabinet storage. Interior improvements include luxury vinyl plank flooring, fresh paint, and upgraded fixtures. The upper-level primary bedroom in each unit features a vaulted ceiling and walk-in closet.

Each unit has a private one-car garage and deck, while both residences share access to a large fenced backyard. The property is in the Hilliard School District and is located steps from Hilliard Davidson High School on Drayton Rd in Hilliard, Ohio.

Key Highlights

• Two‑unit duplex with both residences currently rented
• Each unit offers 3 bedrooms and 1.5 bathrooms
• 2678 SF property built in 1986

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$28,395

Cap Rate

4.54%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$567,900 $567.9K

Cap Rate 7%

$405,643 $405.6K

Cap Rate 9%

$315,500 $315.5K

Market Conditions

NOI Build-Up for 2,678 SF

Gross rent

$43.4K $16.20/SF

− Vacancy

−$2.8K −$1.05/SF

EGI

$40.6K $15.15/SF

− OpEx

−$12.2K −$4.54/SF

NOI

$28.4K $10.60/SF

Area

Franklin County, OH

Vacancy

6.50%

Lease Rate

$16.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$567,900

Cap Rate 7%

$405,643

Cap Rate 9%

$315,500

Alternative Uses

Best Use

Multifamily LT 5

$405.6K

$354.9K – $473.3K (±1% cap)

NOI $28,395 @ 7.0% cap · market cap 4.54%

Second Best

Apartment 5plus

$395.3K

$345.9K – $461.2K (±1% cap)

NOI $27,673 @ 7.0% cap · market cap 4.43%

Theoretical Best

Specialty Retail

$546.0K

$477.7K – $637.0K (±1% cap)

NOI $38,218 @ 7.0% cap · market cap 6.11%

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

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Dental Office Restaurant Real Estate Agency Pharmacy Grocery & Convenience 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.

Location Intelligence

Trade Area within ½ mile

84

Businesses Nearby

Explore this area Business Placement

Demographics for 43026, OH

64,607

Population

25,671

Households

2.5

Avg Household Size

35

Median Age

55%

College-Educated

96%

High-School Grad

35.3 sq mi

ZIP Area

1,830

Density / Sq Mi

$110,369

Median Household Income

$59,770

Median Earnings

$1,430

Median Rent

$324,300

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Two leased units offer updated kitchens, private outdoor space, and individual garage access.

Where is this duplex located?

The property is located at 4786 Drayton Rd Hilliard, OH.

What is the asking price?

The asking price for this property is $625,000.

What are key features of this property?

This property features: Two‑unit duplex with both residences currently rented; Each unit offers 3 bedrooms and 1.5 bathrooms; 2678 SF property built in 1986