Fully Occupied
1144 Oakwood Ave, Columbus, OH 43206
For Sale
$319,900
Two leased residences offer spacious kitchens, central air, hardwood floors, and convenient access to major Columbus destinations.
Property Size2,220 SF
Price / SF$144.10
Days on Market51
Property Features for 1144 Oakwood Ave
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Additional Details
Multifamily Units
Amenities
covered front porch
rear privacy fence
central air
hardwood flooring
original solid wood doors
Building Details
Year Built
Buildings
Listing Agency:
Joseph Mosher, BHHS American Realty Center
Listed By:
Contact LOCAL Agent
(614) 291-1200
Source:
Realtyohio
Added: Sep 18
Changed: Nov 6
Last Checked: Nov 6 at 8:26AM
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 Joseph Mosher, BHHS American Realty Center
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Investment Insights
Based on property information with market context.
Built in 1925, this 2,220-square-foot duplex includes two three-bedroom residences, each with a large eat-in kitchen, central air, hardwood flooring, and original solid wood doors. One unit also includes an additional half bath in a partially finished basement. Both residences are currently leased, and tenants pay gas and electric. Professional management is in place.
The property occupies a large corner lot with a covered front porch and fenced rear area. Its Columbus location provides access to Nationwide Children's Hospital, Downtown Columbus, German Village, nearby employment, dining, and entertainment. The combination of two established residential units, period character, and existing occupancy creates a practical multifamily configuration.
The property occupies a large corner lot with a covered front porch and fenced rear area. Its Columbus location provides access to Nationwide Children's Hospital, Downtown Columbus, German Village, nearby employment, dining, and entertainment. The combination of two established residential units, period character, and existing occupancy creates a practical multifamily configuration.
Key Highlights
- 2,220 SF duplex built in 1925
- Two 3‑bedroom units, both currently rented
- Large eat‑in kitchens, central air, and hardwood flooring in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,903
Cap Rate
5.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$378,060
$378.1K
Cap Rate 7%
$270,043
$270.0K
Cap Rate 9%
$210,033
$210.0K
Market Conditions
NOI Build-Up for 2,220 SF
Gross rent
$29.0K $13.08/SF
− Vacancy
−$2.0K −$0.92/SF
EGI
$27.0K $12.16/SF
− OpEx
−$8.1K −$3.65/SF
NOI
$18.9K $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%
$378,060
Cap Rate 7%
$270,043
Cap Rate 9%
$210,033
Alternative Uses
Best Use
Multifamily LT 5
$270.0K
$236.3K – $315.1K
NOI $18,903 @ 7.0% cap · market cap 5.91%
Second Best
Apartment 5plus
$217.2K
$190.1K – $253.5K
NOI $15,207 @ 7.0% cap · market cap 4.75%
Theoretical Best
Office A
$462.7K
$404.8K – $539.8K
NOI $32,386 @ 7.0% cap · market cap 10.12%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
370
Businesses Nearby
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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
$280,400
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Columbus, OH
Properties on Market for Duplexes in Columbus
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two leased residences offer spacious kitchens, central air, hardwood floors, and convenient access to major Columbus destinations.
Where is this duplex located?
The property is located at 1144 Oakwood Ave Columbus, OH.
What is the asking price?
The asking price for this property is $319,900.
What are key features of this property?
This property features: 2,220 SF duplex built in 1925; Two 3‑bedroom units, both currently rented; Large eat‑in kitchens, central air, and hardwood flooring in both units
