857 Sheridan Ave, Bexley, OH 43209

Building Details

Year Built 1930 More

Listing Agency: Joseph Mosher, BHHS American Realty Center

Listed By: Contact LOCAL Agent Show Phone

Source: Realtyohio

Added: Oct 30 Changed: Nov 6 Last Checked: Nov 6 at 8:47AM

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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 Joseph Mosher, BHHS American Realty Center

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This 2,444-square-foot duplex was built in 1930 and contains two units. Hardwood flooring runs throughout, and both bathrooms were remodeled in 2026. The windows were replaced in 2018, with new concrete added in 2024 and a blacktop driveway completed in 2021.

The property is across the street from Capital University. The second-floor unit rents for $1,350 per month, while the downstairs unit is currently vacant.

Key Highlights

• Two‑unit duplex totaling 2,444 square feet
• Across the street from Capital University
• Bathrooms remodeled in 2026; hardwood floors throughout

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$25,913

Cap Rate

7.02%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$518,260 $518.3K

Cap Rate 7%

$370,186 $370.2K

Cap Rate 9%

$287,922 $287.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,444 SF

Gross rent

$39.6K $16.20/SF

− Vacancy

−$2.6K −$1.05/SF

EGI

$37.0K $15.15/SF

− OpEx

−$11.1K −$4.54/SF

NOI

$25.9K $10.60/SF

Area

Franklin County, OH

Vacancy

6.50%

Lease Rate

$16.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$518,260

Cap Rate 7%

$370,186

Cap Rate 9%

$287,922

Alternative Uses

Best Use

Multifamily LT 5

$370.2K

$323.9K – $431.9K (±1% cap)

NOI $25,913 @ 7.0% cap · market cap 7.02%

Second Best

Apartment 5plus

$360.8K

$315.7K – $420.9K (±1% cap)

NOI $25,255 @ 7.0% cap · market cap 6.84%

Theoretical Best

Specialty Retail

$498.3K

$436.0K – $581.3K (±1% cap)

NOI $34,878 @ 7.0% cap · market cap 9.45%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Location Intelligence

Trade Area within ½ mile

848

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

Average Price Trend$/SF for Duplexes in Franklin County, OH

$163 Jul

$156 Aug

$179 Sep

$170 Oct

Properties on Market for Duplexes in Franklin County

Jul

Aug

Sep

Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Frequently Asked Questions

What type of property is this?

Duplex - Hardwood floors and remodeled bathrooms complement a two-unit layout near Capital University.

Where is this duplex located?

The property is located at 857 Sheridan Ave Bexley, OH.

What is the asking price?

The asking price for this property is $369,000.

What are key features of this property?

This property features: Two‑unit duplex totaling 2,444 square feet; Across the street from Capital University; Bathrooms remodeled in 2026; hardwood floors throughout