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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.

Data Room Click Here to Access

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
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 -
Moderately walkable
70/100
Moderately drivable
60/100
Limited public transit
30/100
Moderately bikeable
70/100

Property Taxes

Property Taxes

Parcel Number
010-038008
Land Assessment
$30,000
Improvements Assessment
$89,850
Total Assessment
$119,850
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
  • Listing ID: 39656424

  • Date on Market: 3/4/2026

  • Last Updated:

  • Address: 2480 Deming Ave, Columbus, OH 43202

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