Two-Unit
New
For Sale
$290,000
69 Belvidere Ave, Columbus, OH 43223
The apartments have different bedroom and bath configurations, with a roof, air conditioning, and furnace updated in 2025.
Property Size2,075 SF
Price / SF$139.76
Days on Market4
Property Features for 69 Belvidere Ave
General Information
Standard status
Active
Size
2,075 SF
Property subtype
Multi-Family
Financials
Asking Price
$290,000
Average Monthly Rent
$1,550
Site & Location
Neighborhood
Greater Hilltop
Units
Unit Mix
1 x 3BR/2.5BA, 1 x 4BR/1.5BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Building Details
Year Built
1902
Year Renovated
2025
Listing Agency:
Rhiannon Ferrari, Exp Realty, LLC
Listed By:
Contact LOCAL Agent
(614) 291-1200
Source:
Realtyohio
Added: Oct 30
Changed: Nov 1
Last Checked: Nov 1 at 5:40AM
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 2,075-square-foot duplex, built in 1902, contains two apartments with distinct layouts. One has 3 bedrooms and 2.5 bathrooms; the other has 4 bedrooms and 1.5 bathrooms. A new roof, air conditioning, and furnace were installed in 2025.
The property is offered as a residential income asset. Combined rental income is reported at full occupancy.
The property is offered as a residential income asset. Combined rental income is reported at full occupancy.
Key Highlights
- 2,075‑square‑foot duplex built in 1902
- One apartment has 3 bedrooms and 2.5 bathrooms
- Second apartment has 4 bedrooms and 1.5 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,669
Cap Rate
6.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$353,380
$353.4K
Cap Rate 7%
$252,414
$252.4K
Cap Rate 9%
$196,322
$196.3K
Market Conditions
NOI Build-Up for 2,075 SF
Gross rent
$27.1K $13.08/SF
− Vacancy
−$1.9K −$0.92/SF
EGI
$25.2K $12.16/SF
− OpEx
−$7.6K −$3.65/SF
NOI
$17.7K $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%
$353,380
Cap Rate 7%
$252,414
Cap Rate 9%
$196,322
Alternative Uses
Best Use
Multifamily LT 5
$252.4K
$220.9K – $294.5K
NOI $17,669 @ 7.0% cap · market cap 6.09%
Second Best
Apartment 5plus
$203.0K
$177.7K – $236.9K
NOI $14,213 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$432.4K
$378.4K – $504.5K
NOI $30,271 @ 7.0% cap · market cap 10.44%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
387
Businesses Nearby
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Business Placement
Demographics for 43223, OH
27,951
Population
10,662
Households
2.6
Avg Household Size
35
Median Age
11%
College-Educated
77%
High-School Grad
10.0 sq mi
ZIP Area
2,795
Density / Sq Mi
$45,902
Median Household Income
$32,509
Median Earnings
$1,063
Median Rent
$113,600
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 - The apartments have different bedroom and bath configurations, with a roof, air conditioning, and furnace updated in 2025.
Where is this duplex located?
The property is located at 69 Belvidere Ave Columbus, OH.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: 2,075‑square‑foot duplex built in 1902; One apartment has 3 bedrooms and 2.5 bathrooms; Second apartment has 4 bedrooms and 1.5 bathrooms
