Renovated Two-Unit
For Sale
$425,000
1107 S Champion Ave, Columbus, OH 43206
Updated duplex with refreshed systems, a two-car garage, and convenient access to Downtown Columbus amenities.
Property Size2,288 SF
Price / SF$185.75
Days on Market8
Property Features for 1107 S Champion Ave
General Information
Standard status
Active
Size
2,288 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1927
Year Renovated
2020
Listing Agency:
Nataha Shaw, Key Realty
Listed By:
Real Estate Showcase RES
(740) 389-2000
Source:
Resmarion
Added: Sep 13
Changed: Sep 20
Last Checked: Sep 20 at 8:47AM
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 Nataha Shaw, Key Realty
Investment Insights
Based on property information with market context.
This 2,288-square-foot duplex contains two residences, each offering 3 bedrooms and 1.5 baths. The property was rebuilt with new mechanical systems, roofing, and other major components in 2020. Additional work includes insulation and drywall along shared walls completed in 2025/2026, plus new gutters in 2025. The 1109 side also has new carpet and interior paint.
A two-car garage provides off-street parking and storage. The property is located at 1107 S Champion Ave in Columbus’s Southern Orchards area, with Downtown Columbus, German Village, Nationwide Children’s Hospital, parks, restaurants, and entertainment minutes away.
A two-car garage provides off-street parking and storage. The property is located at 1107 S Champion Ave in Columbus’s Southern Orchards area, with Downtown Columbus, German Village, Nationwide Children’s Hospital, parks, restaurants, and entertainment minutes away.
Key Highlights
- Two‑unit duplex with 2,288 SF of total building area
- Each unit includes 3 bedrooms and 1.5 baths
- Major renovation completed in 2020, including mechanicals and roof
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,483
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$389,660
$389.7K
Cap Rate 7%
$278,329
$278.3K
Cap Rate 9%
$216,478
$216.5K
Market Conditions
NOI Build-Up for 2,288 SF
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.
Gross rent
$29.9K $13.08/SF
− Vacancy
−$2.1K −$0.92/SF
EGI
$27.8K $12.16/SF
− OpEx
−$8.3K −$3.65/SF
NOI
$19.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$389,660
Cap Rate 7%
$278,329
Cap Rate 9%
$216,478
Alternative Uses
Best Use
Multifamily LT 5
$278.3K
$243.5K – $324.7K
NOI $19,483 @ 7.0% cap · market cap 4.58%
Second Best
Apartment 5plus
$223.9K
$195.9K – $261.2K
NOI $15,672 @ 7.0% cap · market cap 3.69%
Theoretical Best
Office A
$476.8K
$417.2K – $556.3K
NOI $33,378 @ 7.0% cap · market cap 7.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
682
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Updated duplex with refreshed systems, a two-car garage, and convenient access to Downtown Columbus amenities.
Where is this duplex located?
The property is located at 1107 S Champion Ave Columbus, OH.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,288 SF of total building area; Each unit includes 3 bedrooms and 1.5 baths; Major renovation completed in 2020, including mechanicals and roof
