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    44 Hague Ave Columbus, OH 43204

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    44 Hague Ave Columbus, OH 43204

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    • Small apartment buildings
    Off-Market
    Property ID
    US66-0602216
    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

    • Small apartment buildings

    Property Details for 44 Hague Ave

    Year built
    1900
    Property type
    Small apartment buildings

    Description

    This exceptional investment opportunity presents a charming two-unit brick duplex located in Columbus, Ohio's desirable Central Hill Top area. Built in 1900, this property sits on a generous 5,227.2 square foot lot and offers two units, each boasting three bedrooms and one bathroom. The asking price is $260,000, translating to a price per square foot of $94.48. One unit requires minimal work and could be quickly occupied or rented, while renovations to the other unit would unlock significantly higher rental income. Post-renovation, market rental rates are projected to exceed $1600 per month per unit. This property presents a compelling investment opportunity due to its potential for substantial rental income and its eligibility for significant financial incentives. Specifically, the property qualifies for property tax abatement following renovations and also meets the criteria for the "Home for Good" ownership program. This program offers numerous benefits, including down payment assistance, making this an attractive option for both investors and owner-occupants. The property's central location adds to its appeal, promising strong tenant demand and a stable investment.

    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
    Franklin
    State
    Ohio
    Longitude
    -83.0736918
    Latitude
    39.9539702

    Comparable in this City

    • $350,000

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      North Hilltop Duplex Opportunity

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      Fully Rented Duplex, Columbus, OH

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      Sullivant Avenue Duplex Investment Opportunity

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      Duplex with Upside Potential

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    Similar Nearby for Sale

    • $350,000

      Mixed-Use Building on Broad Street

      7,316 SF mixed-use building with retail and residential spaces.
      2425-2429 West Broad St, Columbus, OH 43204
      View Details
    • $230,000
      0.30 Acres

      North Hilltop Duplex Opportunity

      Duplex in North Hilltop with strong rental income potential.
      104-106 N Hague Ave, Columbus, OH 43204
      View Details
    • $260,000
      0.11 Acres

      Fully Rented Duplex, Columbus, OH

      Duplex in Columbus, OH, fully rented through early 2027.
      585-587 S Burgess Ave, Columbus, OH 43204
      View Details
    • Contact for pricing

      Duplex with Investment Potential

      Two one-bedroom units, ideal for investors in up-and-coming area.
      629-631 S Wheatland Ave, Columbus, OH 43204
      View Details
    • $179,000
      0.11 Acres

      Sullivant Avenue Duplex Investment Opportunity

      Well-maintained duplex with income potential in Columbus, OH.
      2715 Sullivant Ave, Columbus, OH 43204
      View Details
    • Contact for pricing

      Duplex with Upside Potential

      Side-by-side duplex with strong upside potential and convenient location.
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      View Details

    Similar Nearby for Lease

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      Office Space with Natural Light

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      Automotive Garage Land for Lease

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    Columbus, OH 43204
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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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