Central Hilltop Duplex Income
112 Columbian Avenue Columbus, OH 43223
112 Columbian Avenue, Columbus, OH, 43223
$185,000
Pending
For Sale
$185,000
Pending
Well-maintained duplex with two 2-bedroom units, one currently leased and the other vacant for immediate occupancy.
Property Size1,639 SF
Days on Market43
Property Features for 112 Columbian Avenue
General Information
- Standard status
- Pending
- Size
- 1,639 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1948
Listing agency
Reafco
(614) 963-3340
Listed by
Brandon Goldsmith · License #2020000644
(614) 963-3340
Source
Compass
Added: Jun 9 Updated: Jul 21 at 6:01AM Checked: Jul 21 at 6:01AM
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 Reafco
Investment Insights
Based on property information with market context.
This well-maintained duplex offers two separate 2-bedroom, 1-bath units. One unit is currently leased, while the second unit is vacant and ready for a new tenant or for owner-occupant use. The property includes relatively recent major mechanical updates, including furnaces installed around 2018 and central A/C units installed in 2021. Hot water tanks were replaced in 2021 and 2026, and the roof is approximately 5 years old.
Additional maintenance and improvements noted include concrete step repairs, gutter maintenance, and routine upkeep related to tenant turnover.
Located directly next to a local recreation center, the duplex provides a straightforward, low-maintenance residential income configuration with flexible occupancy options based on unit leasing status.
Additional maintenance and improvements noted include concrete step repairs, gutter maintenance, and routine upkeep related to tenant turnover.
Located directly next to a local recreation center, the duplex provides a straightforward, low-maintenance residential income configuration with flexible occupancy options based on unit leasing status.
Key Highlights
- Duplex built in 1948 with two 2‑bedroom, 1‑bath units
- Unit currently leased at $975/month; second unit is vacant and ready for occupancy
- Central AC (2021) and forced‑air heating with furnaces approx. 2018
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 | $21.4k | $13.08 |
| − Vacancy | −$1.5k | −$0.92 |
| EGI | $19.9k | $12.16 |
| − OpEx | −$6.0k | −$3.65 |
| NOI | $14.0k | $8.52 |
1,639 SF · lease $13.08/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$199.4K
$174.5K – $232.6K
NOI $13,956 @ 7.0% cap · market cap 7.54%
Second Best
Apartment 5plus
$160.4K
$140.3K – $187.1K
NOI $11,227 @ 7.0% cap · market cap 6.07%
Theoretical Best
Office A
$341.6K
$298.9K – $398.5K
NOI $23,910 @ 7.0% cap · market cap 12.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained duplex with two 2-bedroom units, one currently leased and the other vacant for immediate occupancy.
Where is this duplex located?
The property is located at 112 Columbian Avenue Columbus, OH.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Duplex built in 1948 with two 2‑bedroom, 1‑bath units; Unit currently leased at $975/month; second unit is vacant and ready for occupancy; Central AC (2021) and forced‑air heating with furnaces approx. 2018
