Duplex with In-Unit
New
For Sale
$349,000
1088 Siebert St, Columbus, OH 43206
Each residence has three bedrooms, a full kitchen with appliances, and washer-dryer connections.
Property Size2,352 SF
Price / SF$148.38
Days on Market2
Property Features for 1088 Siebert St
General Information
Standard status
Active
Size
2,352 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
South Side
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Amenities
fridge
dishwasher
stove/oven
washer/dryer hookup
Building Details
Year Built
1929
Listing Agency:
Mark Graham, Countrytyme Realty, LLC
Listed By:
The Daniel Team
(614) 402-5212
Source:
Newdirectionsrealtyltd
Added: Nov 1
Last Checked: Nov 1 at 3:12PM
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 Mark Graham, Countrytyme Realty, LLC
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Investment Insights
Based on property information with market context.
This 2,352-square-foot duplex, built in 1929, contains two residences with three bedrooms apiece. Each unit has a large kitchen with a refrigerator, dishwasher, and stove/oven, along with an in-home washer and dryer hookup. Professional property management is in place and may be retained by the next owner.
Residents are responsible for electric and gas service, while the owner pays for water. The property is positioned for access to local dining, shopping, and transit.
Residents are responsible for electric and gas service, while the owner pays for water. The property is positioned for access to local dining, shopping, and transit.
Key Highlights
- 2,352‑square‑foot duplex built in 1929
- Two residences, each with 3 bedrooms
- Each unit has a refrigerator, dishwasher, and stove/oven
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,027
Cap Rate
5.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$400,540
$400.5K
Cap Rate 7%
$286,100
$286.1K
Cap Rate 9%
$222,522
$222.5K
Market Conditions
NOI Build-Up for 2,352 SF
Gross rent
$30.8K $13.08/SF
− Vacancy
−$2.2K −$0.92/SF
EGI
$28.6K $12.16/SF
− OpEx
−$8.6K −$3.65/SF
NOI
$20.0K $8.52/SF
Area
Columbus, OH
Vacancy
7.00%
Lease Rate
$13.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$400,540
Cap Rate 7%
$286,100
Cap Rate 9%
$222,522
Alternative Uses
Best Use
Multifamily LT 5
$286.1K
$250.3K – $333.8K
NOI $20,027 @ 7.0% cap · market cap 5.74%
Second Best
Apartment 5plus
$230.2K
$201.4K – $268.5K
NOI $16,111 @ 7.0% cap · market cap 4.62%
Theoretical Best
Office A
$490.2K
$428.9K – $571.9K
NOI $34,312 @ 7.0% cap · market cap 9.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
395
Businesses Nearby
Explore this area
Business Placement
Demographics for 43206, OH
21,594
Population
12,758
Households
1.7
Avg Household Size
35
Median Age
48%
College-Educated
94%
High-School Grad
3.0 sq mi
ZIP Area
7,198
Density / Sq Mi
$74,421
Median Household Income
$52,603
Median Earnings
$1,339
Median Rent
$280,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has three bedrooms, a full kitchen with appliances, and washer-dryer connections.
Where is this duplex located?
The property is located at 1088 Siebert St Columbus, OH.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 2,352‑square‑foot duplex built in 1929; Two residences, each with 3 bedrooms; Each unit has a refrigerator, dishwasher, and stove/oven
