Two-Unit Short-Term Rental
43-45 W Markison Avenue Columbus, OH 43207
43-45 W Markison Avenue, Columbus, OH, 43207
$1,395,000
For Sale
$1,395,000
MULTI_FAMILY - Columbus, OH
Property Size4,536 SF
Lot Size0.12 Acres
Price / SF$307.54
Days on Market8
Property Features for 43-45 W Markison Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 2
- Standard status
- Active
- APN
- 010-018361
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 23200
Utilities
- Utilities
- Water Available
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2022
- Number of units
- 2
Listing Agency
Keller Williams Capital Ptnrs
(614) 888-1000
100 E Wilson Bridge Road, Worthington, OH
Listed by
Jeff A Mahler
(614) 832-7139
Added: Jul 9 Checked: Jul 16 at 10:06 pm
MLS# 226025487
Listing URL
Copyright © 2026 Columbus and Central Ohio Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
A newly constructed 4,536 SF, two-unit duplex designed for short-term rental use. The property features a historic-style exterior look and is configured with 8 bedrooms and 6 baths, with capacity to comfortably sleep 24 guests. The interior includes floor-to-ceiling bookshelves with library ladders and a collection described as 7,000+ hardcover books spanning every room.
The duplex is offered as fully occupied. Unit #43 is rented through 10/15/26, and Unit #45 is rented through 9/1/26. The address is 43-45 W Markison Avenue, Columbus, OH 43207. Curb offers only; see A2A.
The duplex is offered as fully occupied. Unit #43 is rented through 10/15/26, and Unit #45 is rented through 9/1/26. The address is 43-45 W Markison Avenue, Columbus, OH 43207. Curb offers only; see A2A.
Key Highlights
- Brand‑new 4,536 SF 2‑unit short‑term rental built in 2022, designed to look like a historic 100‑year‑old building
- 8 bedrooms, 6 baths, and capacity to sleep up to 24 guests
- Central Air conditioning and Forced Air heating
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $78.9k | $17.40 |
| − Vacancy | −$5.9k | −$1.31 |
| EGI | $73.0k | $16.10 |
| − OpEx | −$21.9k | −$4.83 |
| NOI | $51.1k | $11.27 |
4,536 SF · lease $17.40/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$730.1K
$638.8K – $851.8K
NOI $51,105 @ 7.0% cap · market cap 3.66%
Second Best
Apartment 5plus
$669.6K
$585.9K – $781.2K
NOI $46,873 @ 7.0% cap · market cap 3.36%
Theoretical Best
Warehouse
$914.2K
$800.0K – $1.07M
NOI $63,997 @ 7.0% cap · market cap 4.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - New 4,536 SF duplex built for short-term stays, with 8 bedrooms and 6 baths, currently fully occupied.
Where is this duplex located?
The property is located at 43-45 W Markison Avenue Columbus, OH.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Brand‑new 4,536 SF 2‑unit short‑term rental built in 2022, designed to look like a historic 100‑year‑old building; 8 bedrooms, 6 baths, and capacity to sleep up to 24 guests; Central Air conditioning and Forced Air heating
