Building Details

Year Built 1923

Buildings 1

Listing Agency: Buckeye Realty Group

Listed By: Christy L Moore · License #2008000849 Show Phone

Source: Camtaylor

Added: Oct 6 Changed: Oct 10 Last Checked: Oct 10 at 2:17AM

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Investment Insights

Based on property information with market context.

Built in 1923, this duplex contains two three-bedroom residences with comparable floor plans and approximately 3,296 total SF. Kitchen features include 42-inch soft-close cabinets, granite counters, stainless steel appliances, and breakfast nooks. Living and dining areas, private front porches, and oversized full bathrooms with walk-in showers serve each unit. Two bedrooms are on the second floor, while the third bedroom occupies the third floor. Mechanical systems, other building systems, interior finishes, and exterior elements have been updated, with original woodwork retained.

Parking is available off the alley, with additional street parking. The property is near Downtown Columbus, Grant Hospital, Nationwide Children's Hospital, Short North, restaurants, and entertainment.

Key Highlights

• Two residences, each with three bedrooms
• Approximately 3,296 total SF; built in 1923
• Kitchens feature 42‑inch soft‑close 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 (±1% cap)

NOI $28,066 @ 7.0% cap · market cap 7.02%

Second Best

Apartment 5plus

$322.5K

$282.2K – $376.3K (±1% cap)

NOI $22,577 @ 7.0% cap · market cap 5.65%

Theoretical Best

Office A

$686.9K

$601.0K – $801.4K (±1% cap)

NOI $48,083 @ 7.0% cap · market cap 12.02%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Kitchen & Bath Showroom Electrical Service Computer & Electronic Repair (Bike/Boat/Book/etc) Store Skin Care Clinic Tech Support Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Two three-bedroom residences combine updated kitchens and systems with preserved original woodwork.

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 residences, each with three bedrooms; Approximately 3,296 total SF; built in 1923; Kitchens feature 42‑inch soft‑close cabinetry, granite countertops, and stainless steel appliances