New
For Sale
$230,000
616-618 S Ogden Ave, Columbus, OH 43204
One residence is occupied, while the second has Section 8 tenant approval pending move-in.
Property Size2,100 SF
Price / SF$109.52
Days on Market2
Property Features for 616-618 S Ogden Ave
General Information
Standard status
Active
Size
2,100 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Greater Hilltop
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Building Details
Year Built
1927
Listing Agency:
J. Gregory Hart, Hart Real Estate Agency LLC
Listed By:
Real Estate Showcase RES
(740) 389-2000
Source:
Resmarion
Added: Oct 23
Last Checked: Oct 23 at 5:11PM
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 J. Gregory Hart, Hart Real Estate Agency LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-unit residential property contains approximately 2,100 square feet. One residence is occupied, and the other has approval for a Section 8 tenant, who has not yet moved in.
Built in 1927, the duplex is located at 616-618 S Ogden Ave in Columbus, Ohio.
Built in 1927, the duplex is located at 616-618 S Ogden Ave in Columbus, Ohio.
Key Highlights
- Approximately 2,100 square feet
- One unit occupied; second unit approved for a Section 8 tenant pending move‑in
- Built in 1927
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,882
Cap Rate
7.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$357,640
$357.6K
Cap Rate 7%
$255,457
$255.5K
Cap Rate 9%
$198,689
$198.7K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$27.5K $13.08/SF
− Vacancy
−$1.9K −$0.92/SF
EGI
$25.5K $12.16/SF
− OpEx
−$7.7K −$3.65/SF
NOI
$17.9K $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%
$357,640
Cap Rate 7%
$255,457
Cap Rate 9%
$198,689
Alternative Uses
Best Use
Multifamily LT 5
$255.5K
$223.5K – $298.0K
NOI $17,882 @ 7.0% cap · market cap 7.77%
Second Best
Apartment 5plus
$205.5K
$179.8K – $239.8K
NOI $14,385 @ 7.0% cap · market cap 6.25%
Theoretical Best
Office A
$437.7K
$383.0K – $510.6K
NOI $30,636 @ 7.0% cap · market cap 13.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
345
Businesses Nearby
Explore this area
Business Placement
Demographics for 43204, OH
42,315
Population
19,286
Households
2.2
Avg Household Size
35
Median Age
25%
College-Educated
84%
High-School Grad
9.4 sq mi
ZIP Area
4,502
Density / Sq Mi
$59,158
Median Household Income
$38,610
Median Earnings
$1,206
Median Rent
$170,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - One residence is occupied, while the second has Section 8 tenant approval pending move-in.
Where is this duplex located?
The property is located at 616-618 S Ogden Ave Columbus, OH.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Approximately 2,100 square feet; One unit occupied; second unit approved for a Section 8 tenant pending move‑in; Built in 1927
