Brand-New Duplex with Two
For Sale
Contact for pricing
Pending
961-963 Heyl Avenue, Columbus, OH 43206
Newly built 2026 duplex offering two three-level units, each with three bedrooms, private baths, and fenced rear yards.
Property Size3,125 SF
Days on Market186
Property Features for 961-963 Heyl Avenue
General Information
Standard status
Pending
Size
3,125 SF
Total Parking Spaces
4
Property subtype
Multifamily
Additional Details
Fenced Yard
Yes
Multifamily Units
2
Amenities
fenced rear yards
concrete patios
garages
driveways
landscaped front yards
radon mitigation systems
Building Details
Year Built
2026
Stories
3
Units
2
Tenancy
Multi
Listing Agency:
Keller Williams Capital Ptnrs
Listed By:
Ric Smith · License #2009002512
(614) 402-9451
Source:
Crexi
Added: Apr 6
Changed: Oct 1
Last Checked: Oct 7 at 12:49PM
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 Keller Williams Capital Ptnrs
Investment Insights
Based on property information with market context.
This brand-new 2026-built duplex includes two three-level homes, with each unit offering 3 bedrooms and 3.5 bathrooms. Interiors feature luxury vinyl plank flooring, recessed lighting, and modern finishes. Each kitchen is equipped with upgraded stainless steel appliances, including gas ranges, granite countertops, and bar seating with designer pendant lighting, plus pop-up outlets with USB ports. Both units include a first-floor half bath with a space-saving pocket door, two second-floor bedroom suites with private full bathrooms, and a nearby laundry room. The lower level provides a third large bedroom suite with a private bath and an egress window.
Outside, each home has a fenced rear yard with a concrete patio. Garages and driveways provide off-street parking, and the property also includes landscaped front yards. Additional in-unit features include ceiling fans in living areas and bedrooms, designer lighting fixtures, and radon mitigation systems in both units.
The builder indicates approximately 3,125 total square feet of living space across the duplex.
Outside, each home has a fenced rear yard with a concrete patio. Garages and driveways provide off-street parking, and the property also includes landscaped front yards. Additional in-unit features include ceiling fans in living areas and bedrooms, designer lighting fixtures, and radon mitigation systems in both units.
The builder indicates approximately 3,125 total square feet of living space across the duplex.
Key Highlights
- Brand‑new 2026‑built duplex with two three‑level units, each offering 3 bedrooms and 3.5 bathrooms.
- Each unit includes luxury vinyl plank flooring, recessed lighting, and upgraded stainless steel appliances with gas ranges.
- Kitchens feature granite countertops, bar seating with designer pendant lighting, and pop‑up outlets with USB ports.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,610
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$532,200
$532.2K
Cap Rate 7%
$380,143
$380.1K
Cap Rate 9%
$295,667
$295.7K
Market Conditions
NOI Build-Up for 3,125 SF
Gross rent
$40.9K $13.08/SF
− Vacancy
−$2.9K −$0.92/SF
EGI
$38.0K $12.16/SF
− OpEx
−$11.4K −$3.65/SF
NOI
$26.6K $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 Rate 5%
$532,200
Cap Rate 7%
$380,143
Cap Rate 9%
$295,667
Alternative Uses
Best Use
Multifamily LT 5
$380.1K
$332.6K – $443.5K
NOI $26,610 @ 7.0% cap · market cap 4.33%
Second Best
Apartment 5plus
$305.8K
$267.6K – $356.8K
NOI $21,406 @ 7.0% cap · market cap 3.48%
Theoretical Best
Office A
$651.3K
$569.9K – $759.8K
NOI $45,589 @ 7.0% cap · market cap 7.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
2,535
Businesses Nearby
Explore this area
Business Placement
Demographics for 43206, OH
21,594
Population
12,758
Households
1.7
Avg Household Size
35
Median Age
48%
College-Educated
94%
High-School Grad
3.0 sq mi
ZIP Area
7,198
Density / Sq Mi
$74,421
Median Household Income
$52,603
Median Earnings
$1,339
Median Rent
$280,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Newly built 2026 duplex offering two three-level units, each with three bedrooms, private baths, and fenced rear yards.
Where is this duplex located?
The property is located at 961-963 Heyl Avenue Columbus, OH.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: Brand‑new 2026‑built duplex with two three‑level units, each offering 3 bedrooms and 3.5 bathrooms.; Each unit includes luxury vinyl plank flooring, recessed lighting, and upgraded stainless steel appliances with gas ranges.; Kitchens feature granite countertops, bar seating with designer pendant lighting, and pop‑up outlets with USB ports.
