Remodeled
New
For Sale
$324,900
792 S Broadleigh Rd, Columbus, OH 43209
Two-unit residential property with three bedrooms and two full bathrooms in each side.
Property Size1,714 SF
Price / SF$189.56
Days on Market2
Property Features for 792 S Broadleigh Rd
General Information
Standard status
Active
Size
1,714 SF
Property subtype
Multi-Family
Building Details
Year Built
1949
Year Renovated
2025
Listing Agency:
Steven Mauger, Grabill & Company, LLC
Listed By:
Rhiannon Ferrari · License #2009003178
(614) 226-1039
Source:
Ferrarihomegroup
Added: Sep 7
Last Checked: Sep 8 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 Steven Mauger, Grabill & Company, LLC
Investment Insights
Based on property information with market context.
Built in 1949, this duplex contains two residential sides, each offering 3 bedrooms and 2 full baths. The 1,714-square-foot property received a comprehensive interior and exterior renovation in 2025, including updated flooring, kitchen cabinetry, granite countertops, stainless steel appliances, windows, siding, and roofing. Mechanical systems were also replaced.
The property is located at 792 S Broadleigh Rd in Columbus, Ohio 43209. Its two-unit configuration supports residential income use and provides a separate layout for each side.
The property is located at 792 S Broadleigh Rd in Columbus, Ohio 43209. Its two-unit configuration supports residential income use and provides a separate layout for each side.
Key Highlights
- Two‑unit duplex with 3 bedrooms and 2 full baths per side
- 1,714 square feet, built in 1949
- Comprehensively renovated inside and out in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,595
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.49%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$291,900
$291.9K
Cap Rate 7%
$208,500
$208.5K
Cap Rate 9%
$162,167
$162.2K
Market Conditions
NOI Build-Up for 1,714 SF
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.
Gross rent
$22.4K $13.08/SF
− Vacancy
−$1.6K −$0.92/SF
EGI
$20.8K $12.16/SF
− OpEx
−$6.3K −$3.65/SF
NOI
$14.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$291,900
Cap Rate 7%
$208,500
Cap Rate 9%
$162,167
Alternative Uses
Best Use
Multifamily LT 5
$208.5K
$182.4K – $243.3K
NOI $14,595 @ 7.0% cap · market cap 4.49%
Second Best
Apartment 5plus
$167.7K
$146.8K – $195.7K
NOI $11,741 @ 7.0% cap · market cap 3.61%
Theoretical Best
Office A
$357.2K
$312.6K – $416.7K
NOI $25,004 @ 7.0% cap · market cap 7.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
709
Businesses Nearby
Explore this area
Business Placement
Demographics for 43209, OH
27,727
Population
12,689
Households
2.2
Avg Household Size
37
Median Age
57%
College-Educated
96%
High-School Grad
6.1 sq mi
ZIP Area
4,545
Density / Sq Mi
$88,155
Median Household Income
$48,128
Median Earnings
$1,105
Median Rent
$373,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with three bedrooms and two full bathrooms in each side.
Where is this duplex located?
The property is located at 792 S Broadleigh Rd Columbus, OH.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: Two‑unit duplex with 3 bedrooms and 2 full baths per side; 1,714 square feet, built in 1949; Comprehensively renovated inside and out in 2025
