Updated Brick Duplex with Enclosed
For Sale
$749,900
Pending
113 East Sycamore Street Unit 111, Columbus, OH 43206
A thoughtfully updated brick duplex with multiple levels, exposed brick character, and small enclosed back yards.
Property Size3,722 SF
Days on Market121
Property Features for 113 East Sycamore Street Unit 111
General Information
Standard status
Pending
Size
3,722 SF
Property subtype
Multi-Family / Duplex
Taxes and HOA fees
Annual Taxes
$10,590
Amenities
Central Air
Forced Air
Gas
Yes
Building Details
Year Built
1900
Listing Agency:
Home Station Realty
(740) 683-0178
Listed By:
Jodi E St Clair · License #2023004190
(740) 683-0178
Source:
Compass
Added: May 3
Changed: Aug 25
Last Checked: Aug 29 at 4:32PM
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 Home Station Realty
Investment Insights
Based on property information with market context.
This updated 2½-story brick duplex blends original charm with contemporary finishes. The layout features exposed brick walls and spacious kitchens with white cabinetry, stainless steel appliances, islands, and dedicated first-floor amenities including large soaking tubs with separate showers and a powder room. Additional living space includes loft areas and a full bath on the third floor, with small enclosed back yards at the rear for privacy.
Located in German Village, the property offers walkability to nearby eateries, cafes, and shops.
For income-oriented ownership, the duplex configuration provides a straightforward multifamily setup within a character-rich residential setting.
Located in German Village, the property offers walkability to nearby eateries, cafes, and shops.
For income-oriented ownership, the duplex configuration provides a straightforward multifamily setup within a character-rich residential setting.
Key Highlights
- 1900‑built brick duplex with original exposed‑brick character and thoughtfully updated interiors
- Multiple levels include lofts and a full bath on the 3rd floor
- Kitchens feature white cabinetry, stainless steel appliances, and islands
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
$31,693
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
4.23%
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%
$633,860
$633.9K
Cap Rate 7%
$452,757
$452.8K
Cap Rate 9%
$352,144
$352.1K
Market Conditions
NOI Build-Up for 3,722 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
$48.7K $13.08/SF
− Vacancy
−$3.4K −$0.92/SF
EGI
$45.3K $12.16/SF
− OpEx
−$13.6K −$3.65/SF
NOI
$31.7K $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%
$633,860
Cap Rate 7%
$452,757
Cap Rate 9%
$352,144
Alternative Uses
Best Use
Multifamily LT 5
$452.8K
$396.2K – $528.2K
NOI $31,693 @ 7.0% cap · market cap 4.23%
Second Best
Apartment 5plus
$364.2K
$318.7K – $424.9K
NOI $25,495 @ 7.0% cap · market cap 3.40%
Theoretical Best
Office A
$775.7K
$678.7K – $905.0K
NOI $54,298 @ 7.0% cap · market cap 7.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,343
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - A thoughtfully updated brick duplex with multiple levels, exposed brick character, and small enclosed back yards.
Where is this duplex located?
The property is located at 113 East Sycamore Street Unit 111 Columbus, OH.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: 1900‑built brick duplex with original exposed‑brick character and thoughtfully updated interiors; Multiple levels include lofts and a full bath on the 3rd floor; Kitchens feature white cabinetry, stainless steel appliances, and islands
