Updated Two-Family
779-781 Stanley Avenue Columbus, OH 43206
779-781 Stanley Avenue, Columbus, OH, 43206
$429,900
Pending
For Sale
$429,900
Pending
Side-by-side duplex with two updated units, each offering 3 bedrooms and dedicated basement and yard space.
Property Size2,408 SF
Days on Market143
Property Features for 779-781 Stanley Avenue
General Information
- Standard status
- Pending
- Size
- 2,408 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1919
Listing agency
Howard Hanna Real Estate Svcs
(614) 395-1993
Listed by
Philip M Crawford · License #412410
(614) 395-1993
Source
Compass
Added: Mar 2 Updated: Jul 22 at 7:35AM Checked: Jul 22 at 7:35AM
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 Howard Hanna Real Estate Svcs
Investment Insights
Based on property information with market context.
Updated side-by-side two-family duplex at 779-781 Stanley Avenue. Each unit features 3 bedrooms, 1 full bath, and 1 half bath, with a modernized interior that includes a kitchen with stainless steel appliances and contemporary finishes. Main-floor convenience includes a mudroom with laundry and an adjacent office nook, and the layout is described as mirror-image between both sides for straightforward upkeep.
The property includes a full basement, fenced yards, and a two-car garage. It is offered for sale in Columbus, OH.
With two residential units in a clean, refreshed configuration and shared property amenities such as basement space and fenced outdoor areas, this duplex is positioned as a ready-to-occupy or tenant-ready rental property.
The property includes a full basement, fenced yards, and a two-car garage. It is offered for sale in Columbus, OH.
With two residential units in a clean, refreshed configuration and shared property amenities such as basement space and fenced outdoor areas, this duplex is positioned as a ready-to-occupy or tenant-ready rental property.
Key Highlights
- Updated side‑by‑side duplex at 779‑781 Stanley Avenue, built in 1919
- Each unit features 3 bedrooms, 1 full bath, and 1 half bath
- Central air cooling and forced‑air gas heat
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 | $31.5k | $13.08 |
| − Vacancy | −$2.2k | −$0.92 |
| EGI | $29.3k | $12.16 |
| − OpEx | −$8.8k | −$3.65 |
| NOI | $20.5k | $8.52 |
2,408 SF · lease $13.08/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$292.9K
$256.3K – $341.7K
NOI $20,504 @ 7.0% cap · market cap 4.77%
Second Best
Apartment 5plus
$235.6K
$206.2K – $274.9K
NOI $16,494 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$501.8K
$439.1K – $585.5K
NOI $35,129 @ 7.0% cap · market cap 8.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Side-by-side duplex with two updated units, each offering 3 bedrooms and dedicated basement and yard space.
Where is this duplex located?
The property is located at 779-781 Stanley Avenue Columbus, OH.
What is the asking price?
The asking price for this property is $429,900.
What are key features of this property?
This property features: Updated side‑by‑side duplex at 779‑781 Stanley Avenue, built in 1919; Each unit features 3 bedrooms, 1 full bath, and 1 half bath; Central air cooling and forced‑air gas heat
