Two-Unit Ranch
New
For Sale
$382,900
5851 Mall View Ct, Columbus, OH 43231
Each residence includes a two-bedroom layout and its own garage.
Property Size2,027 SF
Price / SF$188.90
Days on Market2
Property Features for 5851 Mall View Ct
General Information
Standard status
Active
Size
2,027 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Northland
Building Details
Year Built
1979
Listing Agency:
Rhiannon Ferrari, Exp Realty, LLC
Listed By:
Contact LOCAL Agent
(614) 291-1200
Source:
Realtyohio
Added: Nov 1
Last Checked: Nov 1 at 3:02AM
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 Rhiannon Ferrari, Exp Realty, LLC
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Investment Insights
Based on property information with market context.
This 1979 ranch-style duplex contains 2,027 square feet, with two bedrooms and a garage in each residence. A newer roof was installed in 2021, and the property also has newer windows and HVAC systems. One residence is tenant-occupied.
The duplex occupies a corner lot on a cul-de-sac and is within Westerville Schools. The property is near freeways, uptown Westerville, and Easton Town Center. An additional parking space is located on the Lou Street side.
The duplex occupies a corner lot on a cul-de-sac and is within Westerville Schools. The property is near freeways, uptown Westerville, and Easton Town Center. An additional parking space is located on the Lou Street side.
Key Highlights
- 2,027‑square‑foot duplex built in 1979
- Two bedrooms and one garage in each residence
- Corner lot on a cul‑de‑sac, with one additional parking space on the Lou Street side
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,260
Cap Rate
4.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$345,200
$345.2K
Cap Rate 7%
$246,571
$246.6K
Cap Rate 9%
$191,778
$191.8K
Market Conditions
NOI Build-Up for 2,027 SF
Gross rent
$26.5K $13.08/SF
− Vacancy
−$1.9K −$0.92/SF
EGI
$24.7K $12.16/SF
− OpEx
−$7.4K −$3.65/SF
NOI
$17.3K $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%
$345,200
Cap Rate 7%
$246,571
Cap Rate 9%
$191,778
Alternative Uses
Best Use
Multifamily LT 5
$246.6K
$215.8K – $287.7K
NOI $17,260 @ 7.0% cap · market cap 4.51%
Second Best
Apartment 5plus
$198.4K
$173.6K – $231.4K
NOI $13,885 @ 7.0% cap · market cap 3.63%
Theoretical Best
Office A
$422.4K
$369.6K – $492.9K
NOI $29,571 @ 7.0% cap · market cap 7.72%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
934
Businesses Nearby
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Business Placement
Demographics for 43231, OH
22,126
Population
9,005
Households
2.5
Avg Household Size
34
Median Age
31%
College-Educated
90%
High-School Grad
4.2 sq mi
ZIP Area
5,268
Density / Sq Mi
$75,096
Median Household Income
$37,882
Median Earnings
$1,127
Median Rent
$222,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes a two-bedroom layout and its own garage.
Where is this duplex located?
The property is located at 5851 Mall View Ct Columbus, OH.
What is the asking price?
The asking price for this property is $382,900.
What are key features of this property?
This property features: 2,027‑square‑foot duplex built in 1979; Two bedrooms and one garage in each residence; Corner lot on a cul‑de‑sac, with one additional parking space on the Lou Street side
