Duplex with Off-Street
For Sale
$325,000
112 W Tompkins St, Columbus, OH 43202
Two residential units feature updated kitchens, hardwood flooring, private outdoor space, and separate living arrangements.
Property Size1,692 SF
Price / SF$192.08
Days on Market49
Property Features for 112 W Tompkins St
General Information
Standard status
Active
Size
1,692 SF
Property subtype
Multi-Family
Building Details
Year Built
1900
Listing Agency:
Branen Weade, Weade Realtors & Auctioneers
Listed By:
Real Estate Showcase RES
(740) 389-2000
Source:
Resmarion
Added: Aug 19
Changed: Oct 6
Last Checked: Oct 5 at 6:24PM
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 Branen Weade, Weade Realtors & Auctioneers
Investment Insights
Based on property information with market context.
This two-unit residential property, built in 1900, combines original architectural details with extensive updates. The upper residence includes hardwood floors, a spacious bedroom, a living area, and a remodeled full bathroom with marble flooring, a clawfoot tub, and wainscoting. Its eat-in kitchen has quartz counters, a farmhouse sink, and stainless appliances. The first-floor unit offers newer hardwood flooring, original woodwork, pocket doors, a decorative fireplace, a large bedroom, and an additional flexible room. Its kitchen includes quartz counters, white cabinetry, a stainless refrigerator, and access to the deep backyard.
The lower level contains laundry hookups and mechanical systems. Exterior features include a private backyard and off-street parking on a concrete driveway. Major property work includes a brand-new roof, newer furnace, two hot water tanks, updated electrical, attic insulation, exterior tuckpointing, siding, windows, and gutters. The duplex is fully rented at this time and is located near The Ohio State University, the Olentangy Trail, restaurants, and coffee shops.
The lower level contains laundry hookups and mechanical systems. Exterior features include a private backyard and off-street parking on a concrete driveway. Major property work includes a brand-new roof, newer furnace, two hot water tanks, updated electrical, attic insulation, exterior tuckpointing, siding, windows, and gutters. The duplex is fully rented at this time and is located near The Ohio State University, the Olentangy Trail, restaurants, and coffee shops.
Key Highlights
- Two‑unit property built in 1900
- Upper unit features hardwood floors, quartz kitchen counters, stainless appliances, and an updated full bath
- First‑floor unit includes a bedroom plus an additional room, pocket doors, and original woodwork
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,408
Cap Rate
4.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$288,160
$288.2K
Cap Rate 7%
$205,829
$205.8K
Cap Rate 9%
$160,089
$160.1K
Market Conditions
NOI Build-Up for 1,692 SF
Gross rent
$22.1K $13.08/SF
− Vacancy
−$1.5K −$0.92/SF
EGI
$20.6K $12.16/SF
− OpEx
−$6.2K −$3.65/SF
NOI
$14.4K $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%
$288,160
Cap Rate 7%
$205,829
Cap Rate 9%
$160,089
Alternative Uses
Best Use
Multifamily LT 5
$205.8K
$180.1K – $240.1K
NOI $14,408 @ 7.0% cap · market cap 4.43%
Second Best
Apartment 5plus
$165.6K
$144.9K – $193.2K
NOI $11,590 @ 7.0% cap · market cap 3.57%
Theoretical Best
Office A
$352.6K
$308.5K – $411.4K
NOI $24,683 @ 7.0% cap · market cap 7.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
828
Businesses Nearby
Explore this area
Business Placement
Demographics for 43202, OH
20,427
Population
10,055
Households
2
Avg Household Size
29
Median Age
62%
College-Educated
95%
High-School Grad
2.5 sq mi
ZIP Area
8,171
Density / Sq Mi
$65,689
Median Household Income
$36,412
Median Earnings
$1,170
Median Rent
$317,000
Median Home Value
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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 - Two residential units feature updated kitchens, hardwood flooring, private outdoor space, and separate living arrangements.
Where is this duplex located?
The property is located at 112 W Tompkins St Columbus, OH.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two‑unit property built in 1900; Upper unit features hardwood floors, quartz kitchen counters, stainless appliances, and an updated full bath; First‑floor unit includes a bedroom plus an additional room, pocket doors, and original woodwork
