Furnished Duplex with Updated
For Sale
$376,000
1170 Oakwood Ave, 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$191.06
Days on Market50
Property Features for 1170 Oakwood Ave
General Information
Standard status
Active
Size
1,968 SF
Property subtype
Multi-Family
Amenities
second-story deck
privacy fence
Building Details
Year Built
1929
Tenancy
Multi
Listing Agency:
Gina Matos, Howard Hannarealestateservices
Listed By:
Contact LOCAL Agent
(614) 291-1200
Source:
Realtyohio
Added: Aug 2
Changed: Sep 19
Last Checked: Sep 20 at 8:13AM
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 Gina Matos, Howard Hannarealestateservices
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.
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
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
$16,758
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
4.46%
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%
$335,160
$335.2K
Cap Rate 7%
$239,400
$239.4K
Cap Rate 9%
$186,200
$186.2K
Market Conditions
NOI Build-Up for 1,968 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
$25.7K $13.08/SF
− Vacancy
−$1.8K −$0.92/SF
EGI
$23.9K $12.16/SF
− OpEx
−$7.2K −$3.65/SF
NOI
$16.8K $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%
$335,160
Cap Rate 7%
$239,400
Cap Rate 9%
$186,200
Alternative Uses
Best Use
Multifamily LT 5
$239.4K
$209.5K – $279.3K
NOI $16,758 @ 7.0% cap · market cap 4.46%
Second Best
Apartment 5plus
$192.6K
$168.5K – $224.7K
NOI $13,480 @ 7.0% cap · market cap 3.59%
Theoretical Best
Office A
$410.1K
$358.9K – $478.5K
NOI $28,710 @ 7.0% cap · market cap 7.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
370
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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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 Ave Columbus, OH.
What is the asking price?
The asking price for this property is $376,000.
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
