Stacked Duplex With In-Unit
105 North Terrace Avenue Columbus, OH 43204
105 North Terrace Avenue, Columbus, OH, 43204
$189,900
For Sale
$189,900
Updated stacked duplex with in-unit laundry and shared basement access, offering separate upstairs and downstairs living spaces.
Property Size1,898 SF
Price / SF$100.05
Days on Market148
Property Features for 105 North Terrace Avenue
General Information
- Standard status
- Active
- Size
- 1,898 SF
- Property subtype
- Multi-Family / Twin Single
Building Details
- Year Built
- 1910
Listing agency
RE/MAX Premier Choice
(614) 581-6900
Listed by
Aimee C Calvert · License #325405
(614) 581-6900
Source
Compass
Added: Feb 24 Updated: Jul 10 at 1:50PM Checked: Jul 21 at 6:46AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Premier Choice
Investment Insights
Based on property information with market context.
This stacked duplex provides two separate units with a practical layout for rental use. The downstairs unit has two bedrooms and includes a generous living area. The second floor is also configured with two bedrooms and features in-unit washer and dryer. Both units benefit from basement washer and dryer hookups, and the basement can be accessed from either unit. Updates have been completed on both units, and multiple major systems have been replaced or refreshed, including a roof approximately 5 years old, furnaces about 3 and 8 years old, and water heaters about 5 years old with new added as noted.
Located at 105 North Terrace Avenue in Columbus, this property sits north of Broad, placing it in an established area. The listed asking rents in the area are described as being in the $1,200 range.
From an owner-operator or investor perspective, the duplex configuration supports two independent rents with shared access to laundry hookups in the basement. Current rents are listed as $850 for the upstairs unit and $800 for the downstairs unit, with both units positioned to appeal to tenants looking for updated interiors and convenient laundry options.
Located at 105 North Terrace Avenue in Columbus, this property sits north of Broad, placing it in an established area. The listed asking rents in the area are described as being in the $1,200 range.
From an owner-operator or investor perspective, the duplex configuration supports two independent rents with shared access to laundry hookups in the basement. Current rents are listed as $850 for the upstairs unit and $800 for the downstairs unit, with both units positioned to appeal to tenants looking for updated interiors and convenient laundry options.
Key Highlights
- Updated stacked duplex (Year Built 1910) with separate upstairs and downstairs living areas
- $850/month rent up and $800/month rent down
- In‑unit W/D on the 2nd floor; W/D hookups in the basement
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 | $24.8k | $13.08 |
| − Vacancy | −$1.7k | −$0.92 |
| EGI | $23.1k | $12.16 |
| − OpEx | −$6.9k | −$3.65 |
| NOI | $16.2k | $8.52 |
1,898 SF · lease $13.08/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$230.9K
$202.0K – $269.4K
NOI $16,162 @ 7.0% cap · market cap 8.51%
Second Best
Apartment 5plus
$185.7K
$162.5K – $216.7K
NOI $13,001 @ 7.0% cap · market cap 6.85%
Theoretical Best
Office A
$395.6K
$346.1K – $461.5K
NOI $27,689 @ 7.0% cap · market cap 14.58%
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 - Updated stacked duplex with in-unit laundry and shared basement access, offering separate upstairs and downstairs living spaces.
Where is this duplex located?
The property is located at 105 North Terrace Avenue Columbus, OH.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: Updated stacked duplex (Year Built 1910) with separate upstairs and downstairs living areas; $850/month rent up and $800/month rent down; In‑unit W/D on the 2nd floor; W/D hookups in the basement
