Renovated Two-Unit
For Sale
$399,900
1313-1315 Parsons Avenue, Columbus, OH 43206
Multi-Family, Columbus, OH
Property Size3,296 SF
Lot Size0.11 Acres
Price / SF$121.33
Days on Market26
Property Features for 1313-1315 Parsons Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
9
Rooms
Bedroom 3, Bedroom 6, Bedroom 9, Bedroom 7, Bedroom 4, Bedroom 8, Bedroom 1, Bedroom 2, Bedroom 5
Elementary school district
COLUMBUS CSD 2503 FRA CO.
Middle school district
COLUMBUS CSD 2503 FRA CO.
High school district
COLUMBUS CSD 2503 FRA CO.
Standard status
Active
APN
010-070270
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1352
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
private front porch
off-street parking
Building Details
Year built
1923
Number of units
2
Listing Agency:
Buckeye Realty Group
(740) 852-6446
Listed By:
Christy L Moore · License #2008000849
(614) 582-0812
Added: Sep 11
Changed: Oct 6
Last Checked: Oct 6 at 6:06PM
MLS# 226034923
Copyright © 2026 Columbus and Central Ohio Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This renovated duplex contains two similarly configured three-bedroom units, with approximately 3,296 total SF. Both residences have updated kitchens with 42-inch soft-close cabinets, granite counters, stainless steel appliances, and breakfast nooks. Living and dining areas, a full bath with a walk-in shower, and a front porch are also part of each unit. The upper floors hold two bedrooms on the second level and a third bedroom on the third. Updated mechanical systems, finishes, and exterior work accompany retained original woodwork.
The property is near Downtown Columbus, Grant Hospital, Nationwide Children’s Hospital, and the Short North, with restaurants and entertainment in the surrounding area. Off-street parking is available from the alley, in addition to street parking. The property was built in 1923 on a 0.11-acre lot and has forced-air heating, central air, public water, and public sewer.
The property is near Downtown Columbus, Grant Hospital, Nationwide Children’s Hospital, and the Short North, with restaurants and entertainment in the surrounding area. Off-street parking is available from the alley, in addition to street parking. The property was built in 1923 on a 0.11-acre lot and has forced-air heating, central air, public water, and public sewer.
Key Highlights
- Two three‑bedroom units; approximately 3,296 total SF
- Renovated interiors and building systems, with original woodwork retained
- Each unit has a kitchen with 42‑inch cabinetry, granite countertops, and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,066
Cap Rate
7.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$561,320
$561.3K
Cap Rate 7%
$400,943
$400.9K
Cap Rate 9%
$311,844
$311.8K
Market Conditions
NOI Build-Up for 3,296 SF
Gross rent
$43.1K $13.08/SF
− Vacancy
−$3.0K −$0.92/SF
EGI
$40.1K $12.16/SF
− OpEx
−$12.0K −$3.65/SF
NOI
$28.1K $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%
$561,320
Cap Rate 7%
$400,943
Cap Rate 9%
$311,844
Alternative Uses
Best Use
Multifamily LT 5
$400.9K
$350.8K – $467.8K
NOI $28,066 @ 7.0% cap · market cap 7.02%
Second Best
Apartment 5plus
$322.5K
$282.2K – $376.3K
NOI $22,577 @ 7.0% cap · market cap 5.65%
Theoretical Best
Office A
$686.9K
$601.0K – $801.4K
NOI $48,083 @ 7.0% cap · market cap 12.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
641
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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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom residences feature updated kitchens, private front porches, and refreshed building systems.
Where is this duplex located?
The property is located at 1313-1315 Parsons Avenue Columbus, OH.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Two three‑bedroom units; approximately 3,296 total SF; Renovated interiors and building systems, with original woodwork retained; Each unit has a kitchen with 42‑inch cabinetry, granite countertops, and stainless steel appliances
