Two-Story Duplex with Full
8653 Refugee Road Pickerington, OH 43147
8653 Refugee Road, Pickerington, OH, 43147
$425,000
Pending
For Sale
$425,000
Pending
Well-maintained two-unit duplex with full basements, garages, decks, and a large yard with a creek.
Property Size2,432 SF
Days on Market29
Property Features for 8653 Refugee Road
General Information
- Standard status
- Pending
- Size
- 2,432 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1979
Listing agency
Minister Realty, Inc.
(614) 769-1843
Listed by
Todd A Corban · License #2002017769
(614) 769-1843
Source
Compass
Added: Jun 23 Updated: Jul 21 at 3:04AM Checked: Jul 21 at 3:04AM
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 Minister Realty, Inc.
Investment Insights
Based on property information with market context.
This two-story duplex offers two separate units, each with two bedrooms and 1.5 bathrooms, a one-car garage, and a full basement. Living spaces include a large wood deck and a kitchen equipped with stainless appliances and a walk-in pantry. The exterior is low-maintenance brick and stucco, and the units feature high-efficiency gas heat and water heaters, along with insulated windows.
The property is located within Pickerington Schools. One unit is described as occupied by a long-term tenant on a month-to-month basis, while the other unit is vacant and available to be seen, cleaned and freshly painted for occupancy.
Each unit is approximately 1,216 square feet, providing a balanced layout for income use or owner-occupancy. A live-in-and-rent arrangement is also supported by the duplex configuration, with separate garages, basements, and outdoor space for each side.
The property is located within Pickerington Schools. One unit is described as occupied by a long-term tenant on a month-to-month basis, while the other unit is vacant and available to be seen, cleaned and freshly painted for occupancy.
Each unit is approximately 1,216 square feet, providing a balanced layout for income use or owner-occupancy. A live-in-and-rent arrangement is also supported by the duplex configuration, with separate garages, basements, and outdoor space for each side.
Key Highlights
- Two‑unit duplex with Pickerington Schools; each unit has 2 bedrooms and 1.5 baths.
- Approx. 1,216 SF per unit, with a full basement and a 1‑car garage for each side.
- Large wood deck and big yard featuring a creek on the property.
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 | $36.5k | $15.00 |
| − Vacancy | −$2.6k | −$1.07 |
| EGI | $33.9k | $13.93 |
| − OpEx | −$10.2k | −$4.18 |
| NOI | $23.7k | $9.75 |
2,432 SF · lease $15.00/SF/yr · vacancy 7.12% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$338.8K
$296.5K – $395.3K
NOI $23,718 @ 7.0% cap · market cap 5.58%
Second Best
Apartment 5plus
$307.6K
$269.1K – $358.8K
NOI $21,529 @ 7.0% cap · market cap 5.07%
Theoretical Best
Warehouse
$490.2K
$428.9K – $571.9K
NOI $34,312 @ 7.0% cap · market cap 8.07%
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 - Well-maintained two-unit duplex with full basements, garages, decks, and a large yard with a creek.
Where is this duplex located?
The property is located at 8653 Refugee Road Pickerington, OH.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two‑unit duplex with Pickerington Schools; each unit has 2 bedrooms and 1.5 baths.; Approx. 1,216 SF per unit, with a full basement and a 1‑car garage for each side.; Large wood deck and big yard featuring a creek on the property.
