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2480 Deming Ave - 2478-2480 Deming Avenue Columbus, OH 43202 2 Unit Apartment Building Offered at $325,000 at a 5.42% Cap Rate Columbus, OH 43202



Executive Summary
Solid two-unit property in the heart of the North University area, located on the desirable Medary-Deming loop just south of Clinton Street. Each unit offers two bedrooms, one full bath, a living room, dining room, and a full basement. Off-street parking is available in the rear. Rents are 1050 and 1105 per side with the tenants paying their own gas and electric. Income and expenses are in the Documents tab, disclosures forthcoming. Prime location with convenient access to public transportation, shopping, restaurants, and neighborhood cafés. Strong rental appeal in a consistently high-demand area. Please conduct a discreet drive-by. Do not disturb tenants. Pre-approved buyers only.
Agent to Agent Remarks
Please do not disturb the current residents without a showing that has been approved by the owner and the listing agent. Allow a 48-hour notice to arrange a proper showing. Rents are 1050 and 1105, rents could be higher short term leases. The income and expenses are in the documents tab. Closing and Title insurance with NW Select Title Lee MyersLee.Myers@nwtitle.com. The seller would appreciate earnest money deposit of 1% within three days after acceptance of the contract.
Agent to Agent Remarks
Please do not disturb the current residents without a showing that has been approved by the owner and the listing agent. Allow a 48-hour notice to arrange a proper showing. Rents are 1050 and 1105, rents could be higher short term leases. The income and expenses are in the documents tab. Closing and Title insurance with NW Select Title Lee MyersLee.Myers@nwtitle.com. The seller would appreciate earnest money deposit of 1% within three days after acceptance of the contract.
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $325,000 | Building Size | 1,616 SF |
| Price Per Unit | $162,500 | Average Occupancy | 100% |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 5.42% | Year Built | 1900 |
| No. Units | 2 | Parking Ratio | 1.24/1,000 SF |
| Property Type | Multifamily | ||
| Zoning | 520 - 2-FAM DWELL:PLATTED - 010-038008 | ||
| Price | $325,000 |
| Price Per Unit | $162,500 |
| Sale Type | Investment |
| Cap Rate | 5.42% |
| No. Units | 2 |
| Property Type | Multifamily |
| Building Size | 1,616 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1900 |
| Parking Ratio | 1.24/1,000 SF |
| Zoning | 520 - 2-FAM DWELL:PLATTED - 010-038008 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | $1,078 | - |
1 1
Walk Score®
Very Walkable (87)
Bike Score®
Very Bikeable (87)
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2480 Deming Ave - 2478-2480 Deming Avenue Columbus, OH 43202
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