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Furnished Duplex with Updated Finishes
For Sale
$377,000

1170 Oakwood Avenue, Columbus, OH 43206

Two-bedroom units offer furnished interiors, modern finishes, and off-street parking near medical, downtown, and neighborhood destinations.

Property Size1,968 SF
Price / SF$191.57
Days on Market9

Property Features for 1170 Oakwood Avenue

General Information

Standard status Active
Size 1,968 SF
Property subtype Duplex

Taxes and HOA fees

Annual Taxes $4,363

Amenities

second-story deck
privacy fence

Building Details

Year Built 1929
Tenancy Multi
Listing Agency: TD Realty Ohio, LLC
Listed By: Samuel Roper
Source: Vutech-ruff
Added: Jul 29 Changed: Aug 3 Last Checked: Aug 6 at 4:37AM

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 TD Realty Ohio, LLC

Investment Insights

Based on property information with market context.

This duplex contains two separately configured units, each with 2 bedrooms and 1 full bath, totaling 1,968 square feet. Interior improvements include laminate flooring, granite countertops, stainless steel appliances, ceramic tile bathrooms, and decorative fireplaces. Furnishings are included with the property. Exterior features include a second-story deck, privacy fencing, and off-street parking. The building was constructed in 1929.

Located at 1170 Oakwood Avenue in Columbus, the property is near Nationwide Children’s Hospital, German Village, and downtown Columbus. Seller-provided operating history indicates approximately 80% short-term rental occupancy. Booking records, revenue, expenses, permits, taxes, and platform statements should be verified during due diligence.

Key Highlights

  • Two‑unit duplex with 2 bedrooms and 1 full bath per unit
  • 1,968 square feet of combined living area
  • Updated laminate flooring, granite countertops, stainless steel appliances, and ceramic tile baths

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 $25.7k $13.08
− Vacancy −$1.8k −$0.92
EGI $23.9k $12.16
− OpEx −$7.2k −$3.65
NOI $16.8k $8.52
1,968 SF · lease $13.08/SF/yr · vacancy 7.00% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$239.4K
$209.5K – $279.3K (±1% cap)
NOI $16,758 @ 7.0% cap · market cap 4.45%
Second Best
Apartment 5plus
$192.6K
$168.5K – $224.7K (±1% cap)
NOI $13,480 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$410.1K
$358.9K – $478.5K (±1% cap)
NOI $28,710 @ 7.0% cap · market cap 7.62%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Spa & Massage Center Nail Salon Big Box & Wholesale Store Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

442
Businesses Nearby

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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two-bedroom units offer furnished interiors, modern finishes, and off-street parking near medical, downtown, and neighborhood destinations.
Where is this duplex located?
The property is located at 1170 Oakwood Avenue Columbus, OH.
What is the asking price?
The asking price for this property is $377,000.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 1 full bath per unit; 1,968 square feet of combined living area; Updated laminate flooring, granite countertops, stainless steel appliances, and ceramic tile baths
More about this property
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