2-Unit
New
For Sale
$240,000
1269-1271 E 23rd Ave, Columbus, OH 43211
Each residence has three bedrooms and one bathroom, with one unit vacant and the other occupied.
Property Size2,352 SF
Price / SF$102.04
Days on Market2
Property Features for 1269-1271 E 23rd Ave
General Information
Standard status
Active
Size
2,352 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Building Details
Year Built
1928
Listing Agency:
Cindi Ann Watkins, E-Merge Real Estate Excellence
Listed By:
Real Estate Showcase RES
(740) 389-2000
Source:
Resmarion
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 20 at 7:15PM
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 Cindi Ann Watkins, E-Merge Real Estate Excellence
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,352-square-foot duplex, built in 1928, contains two three-bedroom, one-bathroom residences. One unit has been prepared for occupancy, while the other is occupied. The property is at 1269-1271 E 23rd Ave in Columbus, Ohio.
Mechanical systems vary by unit. At 1271, the furnace dates to 2017, central air conditioning to 2022, and the hot water tank to 2018; the unit has 100-amp electrical service. At 1269, the furnace and central air conditioning date to 2002, the hot water tank to 2017, and electrical service is 100 amps. The roof is identified with an October 2026 date.
Mechanical systems vary by unit. At 1271, the furnace dates to 2017, central air conditioning to 2022, and the hot water tank to 2018; the unit has 100-amp electrical service. At 1269, the furnace and central air conditioning date to 2002, the hot water tank to 2017, and electrical service is 100 amps. The roof is identified with an October 2026 date.
Key Highlights
- Two 3‑bedroom, 1‑bathroom units
- 2,352 square feet; built in 1928
- One unit is occupied; the second has been prepared for occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,027
Cap Rate
8.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$400,540
$400.5K
Cap Rate 7%
$286,100
$286.1K
Cap Rate 9%
$222,522
$222.5K
Market Conditions
NOI Build-Up for 2,352 SF
Gross rent
$30.8K $13.08/SF
− Vacancy
−$2.2K −$0.92/SF
EGI
$28.6K $12.16/SF
− OpEx
−$8.6K −$3.65/SF
NOI
$20.0K $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%
$400,540
Cap Rate 7%
$286,100
Cap Rate 9%
$222,522
Alternative Uses
Best Use
Multifamily LT 5
$286.1K
$250.3K – $333.8K
NOI $20,027 @ 7.0% cap · market cap 8.34%
Second Best
Apartment 5plus
$230.2K
$201.4K – $268.5K
NOI $16,111 @ 7.0% cap · market cap 6.71%
Theoretical Best
Office A
$490.2K
$428.9K – $571.9K
NOI $34,312 @ 7.0% cap · market cap 14.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
455
Businesses Nearby
Explore this area
Business Placement
Demographics for 43211, OH
23,160
Population
9,956
Households
2.3
Avg Household Size
32
Median Age
11%
College-Educated
77%
High-School Grad
4.7 sq mi
ZIP Area
4,928
Density / Sq Mi
$38,715
Median Household Income
$28,601
Median Earnings
$1,057
Median Rent
$91,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has three bedrooms and one bathroom, with one unit vacant and the other occupied.
Where is this duplex located?
The property is located at 1269-1271 E 23rd Ave Columbus, OH.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Two 3‑bedroom, 1‑bathroom units; 2,352 square feet; built in 1928; One unit is occupied; the second has been prepared for occupancy
