1727 State Route 257 Delaware, OH 43015
This exceptional investment opportunity presents a meticulously renovated duplex situated on a spacious 1.3-acre lot in desirable Delaware, Ohio. The property, located at 1727 State Route 257 S, boasts two units, each featuring two bedrooms and one bathroom. A complete renovation in 2021 ensures modern appeal and functionality. Each unit includes an updated galley kitchen equipped with a range and microwave. Individual electric meters provide efficient utility management, while mini-splits and ceiling radiant heat offer comfortable climate control. On-demand hot water systems further enhance convenience. Tenants are responsible for electricity, cable, phone, and trash services. The property utilizes a shared well water system, although Delaware County Water is readily available at the street. Adding to the property's appeal is a charming paver patio at the rear and a detached two-car garage. Built in 1953, this property offers a blend of classic charm and modern updates, making it an attractive option for renters. Currently operating at 50% occupancy, this duplex presents a significant opportunity for increased revenue. The asking price is $384,000, with a price per square foot of $235.29. The lot size is a substantial 56,628 square feet. This property is conveniently located minutes from the heart of Delaware, offering easy access to amenities and transportation. Don't miss this chance to acquire a well-maintained, high-potential investment property in a thriving Ohio market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.