Renovated Duplex with Two
For Sale
$324,900
1272 Kent Street, Columbus, OH 43205
Updated residential property with separate upper and lower living spaces near Nationwide Children’s Hospital.
Property Size2,300 SF
Price / SF$141.26
Days on Market38
Property Features for 1272 Kent Street
General Information
Standard status
Active
Size
2,300 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,817
Building Details
Year Built
1914
Year Renovated
2022
Listing Agency:
RE/MAX ONE
(614) 634-2456
Listed By:
William Christopher Harr · License #2023006924
(614) 634-2456
Source:
Camtaylor
Added: Jul 7
Changed: Aug 12
Last Checked: Aug 12 at 2:19PM
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 RE/MAX ONE
Investment Insights
Based on property information with market context.
Located at 1272 Kent Street in Columbus, Ohio, this two-unit duplex provides approximately 2,300 square feet of residential space. Each unit includes two bedrooms and one bathroom, creating a consistent configuration across the property. The building received a complete renovation in 2022, with improvements extending throughout both living areas.
The lower residence is occupied by a tenant, while the upper unit features new paint and flooring and is ready for occupancy. The property is situated near Nationwide Children’s Hospital and an area undergoing redevelopment, providing proximity to a major medical institution and changing surrounding investment activity.
The lower residence is occupied by a tenant, while the upper unit features new paint and flooring and is ready for occupancy. The property is situated near Nationwide Children’s Hospital and an area undergoing redevelopment, providing proximity to a major medical institution and changing surrounding investment activity.
Key Highlights
- Two‑unit duplex with approximately 2,300 square feet of living space
- Both units feature 2 bedrooms and 1 bathroom
- Complete renovation completed in 2022
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
$19,585
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
6.03%
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%
$391,700
$391.7K
Cap Rate 7%
$279,786
$279.8K
Cap Rate 9%
$217,611
$217.6K
Market Conditions
NOI Build-Up for 2,300 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
$30.1K $13.08/SF
− Vacancy
−$2.1K −$0.92/SF
EGI
$28.0K $12.16/SF
− OpEx
−$8.4K −$3.65/SF
NOI
$19.6K $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%
$391,700
Cap Rate 7%
$279,786
Cap Rate 9%
$217,611
Alternative Uses
Best Use
Multifamily LT 5
$279.8K
$244.8K – $326.4K
NOI $19,585 @ 7.0% cap · market cap 6.03%
Second Best
Apartment 5plus
$225.1K
$196.9K – $262.6K
NOI $15,755 @ 7.0% cap · market cap 4.85%
Theoretical Best
Office A
$479.3K
$419.4K – $559.2K
NOI $33,553 @ 7.0% cap · market cap 10.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
688
Businesses Nearby
Explore this area
Business Placement
Demographics for 43205, OH
12,044
Population
7,303
Households
1.6
Avg Household Size
35
Median Age
41%
College-Educated
89%
High-School Grad
2.4 sq mi
ZIP Area
5,018
Density / Sq Mi
$54,214
Median Household Income
$41,219
Median Earnings
$1,050
Median Rent
$290,800
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 - Updated residential property with separate upper and lower living spaces near Nationwide Children’s Hospital.
Where is this duplex located?
The property is located at 1272 Kent Street Columbus, OH.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: Two‑unit duplex with approximately 2,300 square feet of living space; Both units feature 2 bedrooms and 1 bathroom; Complete renovation completed in 2022
