Duplex with Two Car
5232 Karl Road Columbus, OH 43229
5232 Karl Road, Columbus, OH, 43229
$275,000
For Sale
$275,000
Duplex for sale featuring two units, basements, washer/dryer hookups, fenced backyards, and off-street parking.
Property Size2,148 SF
Price / SF$128.03
Days on Market32
Property Features for 5232 Karl Road
General Information
- Standard status
- Active
- Size
- 2,148 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1969
Listing Agency
RE/MAX Partners
(614) 394-2910
Listed by
Brandon T Prewitt · License #2011003062
(614) 394-2910
Source
Compass
Added: Jun 16 Checked: Jul 17 at 4:41 am
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 RE/MAX Partners
Investment Insights
Based on property information with market context.
This duplex includes two residential units. Unit 5232 offers three bedrooms and one full bathroom, along with a living room, dining room, and kitchen. It also features a full basement with additional living space, washer/dryer hookups, and a one-car attached garage. Unit 5230 offers two bedrooms and one bathroom, plus a full basement, washer/dryer hookups, and a one-car garage. Both units benefit from fenced backyards and ample off-street parking for additional vehicles.
The property is located in Columbus’ Forest Park community and is positioned between Morse Rd and 161, providing quick access to I-71, Easton, the airport, and downtown Columbus.
The property is located in Columbus’ Forest Park community and is positioned between Morse Rd and 161, providing quick access to I-71, Easton, the airport, and downtown Columbus.
Key Highlights
- Duplex with two units (5232 and 5230) built in 1969
- Unit 5232: 3 bedrooms, 1 full bathroom, living/dining/kitchen, full basement, washer/dryer hookups, and 1‑car attached garage
- Unit 5230: 2 bedrooms, 1 bathroom, full basement, washer/dryer hookups, and 1‑car garage
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.8k | $16.20 |
| − Vacancy | −$2.1k | −$1.00 |
| EGI | $32.7k | $15.20 |
| − OpEx | −$9.8k | −$4.56 |
| NOI | $22.9k | $10.64 |
2,148 SF · lease $16.20/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$326.5K
$285.7K – $380.9K
NOI $22,855 @ 7.0% cap · market cap 8.31%
Second Best
Apartment 5plus
$284.0K
$248.5K – $331.4K
NOI $19,883 @ 7.0% cap · market cap 7.23%
Theoretical Best
Warehouse
$540.9K
$473.3K – $631.0K
NOI $37,860 @ 7.0% cap · market cap 13.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex for sale featuring two units, basements, washer/dryer hookups, fenced backyards, and off-street parking.
Where is this duplex located?
The property is located at 5232 Karl Road Columbus, OH.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Duplex with two units (5232 and 5230) built in 1969; Unit 5232: 3 bedrooms, 1 full bathroom, living/dining/kitchen, full basement, washer/dryer hookups, and 1‑car attached garage; Unit 5230: 2 bedrooms, 1 bathroom, full basement, washer/dryer hookups, and 1‑car garage
