Two-Unit Brick
New
For Sale
$250,000
781-783 S Hampton Rd, Columbus, OH 43227
Two two-bedroom residences each include a full basement, with garage space serving the property.
Property Size1,881 SF
Price / SF$132.91
Days on Market2
Property Features for 781-783 S Hampton Rd
General Information
Standard status
Active
Size
1,881 SF
Property subtype
Multi-Family
Building Details
Year Built
1958
Listing Agency:
Aftab Mike Syed, RE/MAX Connection
Listed By:
Rhiannon Ferrari
(614) 226-1039
Source:
Ferrarihomegroup
Added: Oct 5
Changed: Oct 6
Last Checked: Oct 5 at 4:45PM
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 Aftab Mike Syed, RE/MAX Connection
Investment Insights
Based on property information with market context.
This 1,881-square-foot brick duplex was built in 1958 and contains two residences, each with two bedrooms and a full basement. Garage space is also part of the property. Both units are currently rented, with gross rents totaling approximately $1,300 per month; monetary figures are excluded from listing copy.
A COTA bus stop is within walking distance, with service providing access throughout Columbus.
A COTA bus stop is within walking distance, with service providing access throughout Columbus.
Key Highlights
- Two rented units, each with two bedrooms
- 1,881 square feet of building area
- Brick construction; built in 1958
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,017
Cap Rate
6.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$320,340
$320.3K
Cap Rate 7%
$228,814
$228.8K
Cap Rate 9%
$177,967
$178.0K
Market Conditions
NOI Build-Up for 1,881 SF
Gross rent
$24.6K $13.08/SF
− Vacancy
−$1.7K −$0.92/SF
EGI
$22.9K $12.16/SF
− OpEx
−$6.9K −$3.65/SF
NOI
$16.0K $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%
$320,340
Cap Rate 7%
$228,814
Cap Rate 9%
$177,967
Alternative Uses
Best Use
Multifamily LT 5
$228.8K
$200.2K – $267.0K
NOI $16,017 @ 7.0% cap · market cap 6.41%
Second Best
Apartment 5plus
$184.1K
$161.1K – $214.7K
NOI $12,884 @ 7.0% cap · market cap 5.15%
Theoretical Best
Office A
$392.0K
$343.0K – $457.4K
NOI $27,441 @ 7.0% cap · market cap 10.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
560
Businesses Nearby
Explore this area
Business Placement
Demographics for 43227, OH
25,041
Population
10,874
Households
2.3
Avg Household Size
36
Median Age
14%
College-Educated
88%
High-School Grad
4.1 sq mi
ZIP Area
6,108
Density / Sq Mi
$45,314
Median Household Income
$32,338
Median Earnings
$1,105
Median Rent
$134,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two two-bedroom residences each include a full basement, with garage space serving the property.
Where is this duplex located?
The property is located at 781-783 S Hampton Rd Columbus, OH.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two rented units, each with two bedrooms; 1,881 square feet of building area; Brick construction; built in 1958
