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    1440-1442 Hamlet St Columbus, OH 43201

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    1440-1442 Hamlet St Columbus, OH 43201

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    • Duplexes
    For Sale
    $350,000
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    Renovated Duplex Near Short North For Sale
    $350,000
    0.10 Acres

    Renovated Duplex Near Short North

    Fully renovated duplex in prime Columbus location near Short North.

    1440-1442 Hamlet Street, Columbus, OH 43201
    View Listing
    Property ID
    US66-0120347
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Duplexes

    Property Details for 1440-1442 Hamlet St

    Year built
    1918
    Property type
    Duplexes

    Description

    PRIME LOCATION! This fully renovated duplex, located in a prime Columbus neighborhood, offers unbeatable convenience and style. Just steps away from the vibrant Short North Arts District, Ohio State University, SoHud, and a variety of shopping and dining options, this property is ideal for those who want to be in the heart of it all. The home features a full basement on each side, with one unit offering 3 bedrooms and 1 bath, and the other providing 2 bedrooms and 1 bath. Both units come with off-street parking, accessible via the alley. Whether you're an owner-occupant looking for a house-hack opportunity or an investor seeking long-term or short-term rental potential, this duplex is the perfect find. Don't miss the chance to own in this high-demand location!

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Delaware
    State
    Ohio
    Longitude
    -83.0003227
    Latitude
    39.992431

    Comparable in this City

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      Turn-Key OSU Campus Duplex

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      Completely Rebuilt Two-Family Home

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      Updated Duplex with Expansion Potential

      Updated Columbus duplex with fenced yard, parking, and expansion potential.
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      Duplex Near Ohio State Campus

      Well-maintained duplex near Ohio State, ideal for investors.
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    • $350,000
      0.10 Acres

      Renovated Duplex Near Short North

      Fully renovated duplex in prime Columbus location near Short North.
      1440-1442 Hamlet St, Columbus, OH 43201
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Dennison Place Duplex Investment Opportunity

      Two-unit duplex near OSU and Short North, ideal for owner-occupant.
      1350-1350 Dennison Ave, Columbus, OH 43201
      View Details
    • New
      $620,000
      0.13 Acres

      Turn-Key OSU Campus Duplex

      Renovated duplex near OSU, leased through August 2028.
      1441-1443 Hunter Ave, Columbus, OH 43201
      View Details
    • New
      $719,900
      0.08 Acres

      Completely Rebuilt Two-Family Home

      Stunning, rebuilt two-family home near OSU and Short North.
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      View Details
    • Contact for pricing

      Luxury Duplex in Italian Village

      Turnkey investment near Short North Arts District with tax abatement.
      1140-1142 Hamlet St, Columbus, OH 43201
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    • New
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      Columbus Duplex Near Short North

      Large duplex in great location with new roof and siding.
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    • $739,900
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      Turn-Key Columbus Duplex Opportunity

      10-bedroom duplex in walkable corridor near OSU and Short North.
      1355 Dennison Ave, Columbus, OH 43201
      View Details

    Similar Nearby for Lease

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      Short North Mixed-Use Building

      Mixed-use building in vibrant Short North Arts District.
      15-17 W 5Th Ave, Columbus, OH 43201
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      1,574 SF

      Retail Space on Chittenden Avenue

      Retail space available for rent in Columbus, Ohio.
      266 Chittenden Ave, Columbus, OH 43201
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      12,253 SF

      Columbus Warehouse Space Available

      Industrial warehouse space available for lease in Columbus, Ohio.
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      Columbus Warehouse Space Available

      9,000 SF warehouse space for lease in Columbus, OH.
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      750 SF

      Retail Space in High-Traffic Area

      Retail space with high visibility and strong tenant mix.
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      High-Visibility Retail in Short North

      Prime retail space in Columbus's Short North Arts District.
      1000-1026 N High St, Columbus, OH 43201
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    Columbus, OH 43201
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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