Duplex Backing Park
869-871 Palmer Road Columbus, OH 43212
869-871 Palmer Road, Columbus, OH, 43212
$549,900
For Sale
$549,900
Fully occupied duplex with recent exterior and mechanical updates, plus direct park access from the back.
Property Size2,084 SF
Price / SF$263.87
Days on Market65
Property Features for 869-871 Palmer Road
General Information
- Standard status
- Active
- Size
- 2,084 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1954
Listing agency
e-Merge Real Estate
(614) 419-7703
Listed by
Jill L Lightfoot · License #2005012885
(614) 419-7703
Source
Compass
Added: May 20 Updated: Jul 10 at 1:52PM Checked: Jul 22 at 9:17AM
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 e-Merge Real Estate
Investment Insights
Based on property information with market context.
This is a turnkey, fully occupied duplex configured as income-producing living units on both sides. The property has seen meaningful capital updates for reduced near-term maintenance, including newer siding and windows installed in 2022. A water tank was updated approximately three years ago, and the A/C units are approximately five years old, with furnaces approximately 20 years old. The 869 side received additional interior refresh in 2026, including newly refinished hardwood floors and brand-new carpet throughout.
Located at 869-871 Palmer Road in Columbus’ Grandview Heights area, the duplex backs right up to Ray Buck Park, providing park access directly out the back door. The combination of an already occupied setup and completed mechanical and exterior improvements supports a straightforward, low-interruption ownership experience.
For investors or buyers seeking a ready-to-manage residential income property, this duplex offers the advantage of tenants already in place on both sides. With major exterior and system work documented and an interior update on one side completed as recently as 2026, the property is positioned to fit buyers looking for a hands-on-ready asset with fewer immediate replacement concerns.
Located at 869-871 Palmer Road in Columbus’ Grandview Heights area, the duplex backs right up to Ray Buck Park, providing park access directly out the back door. The combination of an already occupied setup and completed mechanical and exterior improvements supports a straightforward, low-interruption ownership experience.
For investors or buyers seeking a ready-to-manage residential income property, this duplex offers the advantage of tenants already in place on both sides. With major exterior and system work documented and an interior update on one side completed as recently as 2026, the property is positioned to fit buyers looking for a hands-on-ready asset with fewer immediate replacement concerns.
Key Highlights
- Fully occupied duplex with tenants in place on both sides, generating income
- Backs up to Ray Buck Park with park access right out the back door
- Exterior updates include newer siding and windows (2022)
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 | $27.3k | $13.08 |
| − Vacancy | −$1.9k | −$0.92 |
| EGI | $25.4k | $12.16 |
| − OpEx | −$7.6k | −$3.65 |
| NOI | $17.7k | $8.52 |
2,084 SF · lease $13.08/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$253.5K
$221.8K – $295.8K
NOI $17,745 @ 7.0% cap · market cap 3.23%
Second Best
Apartment 5plus
$203.9K
$178.4K – $237.9K
NOI $14,275 @ 7.0% cap · market cap 2.60%
Theoretical Best
Office A
$434.3K
$380.0K – $506.7K
NOI $30,402 @ 7.0% cap · market cap 5.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Fully occupied duplex with recent exterior and mechanical updates, plus direct park access from the back.
Where is this duplex located?
The property is located at 869-871 Palmer Road Columbus, OH.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Fully occupied duplex with tenants in place on both sides, generating income; Backs up to Ray Buck Park with park access right out the back door; Exterior updates include newer siding and windows (2022)
