Brick Duplex with Updated
For Sale
$350,000
911-913 Linwood Ave, Columbus, OH 43206
Fully occupied income property with professional management near downtown Columbus and neighborhood amenities.
Property Size3,268 SF
Price / SF$107.10
Days on Market43
Property Features for 911-913 Linwood Ave
General Information
Standard status
Active
Size
3,268 SF
Property subtype
Multi-Family
Occupancy
100%
Building Details
Year Built
1901
Buildings
1
Construction
brick
Tenancy
Multi
Listing Agency:
Fabian Rodriguez-Marin, Keller Williams Greater Cols
Listed By:
Contact LOCAL Agent
(614) 291-1200
Source:
Realtyohio
Added: Jul 30
Changed: Sep 9
Last Checked: Sep 9 at 8:00AM
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 Fabian Rodriguez-Marin, Keller Williams Greater Cols
Investment Insights
Based on property information with market context.
Built in 1901, this solid brick duplex includes two residential units, each with two bathrooms. Both units are fully occupied, with professional management already in place. Recent property updates include all-new HVAC systems in both units, upgraded electric service, and maintenance to the slate roof.
The property is located at 911-913 Linwood Avenue in Columbus's Southern Orchards area, minutes from downtown Columbus, Nationwide Children's Hospital, and the Parsons Avenue corridor. Dining, breweries, parks, public transportation, Scioto Audubon Metro Park, and Topiary Garden are located nearby.
The property is located at 911-913 Linwood Avenue in Columbus's Southern Orchards area, minutes from downtown Columbus, Nationwide Children's Hospital, and the Parsons Avenue corridor. Dining, breweries, parks, public transportation, Scioto Audubon Metro Park, and Topiary Garden are located nearby.
Key Highlights
- Solid brick duplex built in 1901
- Two residential units, each with 2 bathrooms
- Fully occupied with professional management in place
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
$27,827
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
7.95%
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%
$556,540
$556.5K
Cap Rate 7%
$397,529
$397.5K
Cap Rate 9%
$309,189
$309.2K
Market Conditions
NOI Build-Up for 3,268 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
$42.7K $13.08/SF
− Vacancy
−$3.0K −$0.92/SF
EGI
$39.8K $12.16/SF
− OpEx
−$11.9K −$3.65/SF
NOI
$27.8K $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%
$556,540
Cap Rate 7%
$397,529
Cap Rate 9%
$309,189
Alternative Uses
Best Use
Multifamily LT 5
$397.5K
$347.8K – $463.8K
NOI $27,827 @ 7.0% cap · market cap 7.95%
Second Best
Apartment 5plus
$319.8K
$279.8K – $373.1K
NOI $22,385 @ 7.0% cap · market cap 6.40%
Theoretical Best
Office A
$681.1K
$595.9K – $794.6K
NOI $47,675 @ 7.0% cap · market cap 13.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
909
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 - Fully occupied income property with professional management near downtown Columbus and neighborhood amenities.
Where is this duplex located?
The property is located at 911-913 Linwood Ave Columbus, OH.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Solid brick duplex built in 1901; Two residential units, each with 2 bathrooms; Fully occupied with professional management in place
