Renovated Duplex with Three-Bedroom
13131315 1313-1315 Parsons Ave, Columbus, OH 43206
For Sale
$399,900
Two updated residences offer flexible layouts, private porches, alley-accessed parking, and proximity to Downtown Columbus and major hospitals.
Property Size3,296 SF
Price / SF$121.33
Days on Market53
Property Features for 13131315 1313-1315 Parsons Ave
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Year Renovated
Buildings
Listing Agency:
Buckeye Realty Group
Listed By:
Christy L Moore · License #2008000849
(614) 582-0812
Source:
Dreamcolumbus
Added: Sep 16
Changed: Oct 25
Last Checked: Oct 7 at 4:09PM
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 Buckeye Realty Group
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Investment Insights
Based on property information with market context.
Built in 1923, this duplex contains two similarly configured three-bedroom residences. Each unit includes a refreshed kitchen with 42-inch soft-close cabinets, granite counters, stainless steel appliances, garbage disposal, updated faucets, and a breakfast nook. Living and dining areas provide generous common space, while private front porches extend each unit’s usable area. Oversized full bathrooms feature walk-in showers. Two bedrooms are located on the second floor, with a third bedroom and large closet on the third floor.
The property received extensive 2026 improvements, including HVAC systems, hot water tanks, electrical panels, wiring, devices, PEX and PVC plumbing, windows, flooring, lighting, fixtures, siding, fascia, soffits, and gutters. Original woodwork remains. The third-floor area adds approximately 360 square feet per unit beyond the listed square footage, for estimated total finished space of approximately 3,296 square feet. Alley-accessed off-street parking supplements street parking. The property is near Downtown Columbus, Grant Hospital, Nationwide Children’s Hospital, the Short North, restaurants, and entertainment.
The property received extensive 2026 improvements, including HVAC systems, hot water tanks, electrical panels, wiring, devices, PEX and PVC plumbing, windows, flooring, lighting, fixtures, siding, fascia, soffits, and gutters. Original woodwork remains. The third-floor area adds approximately 360 square feet per unit beyond the listed square footage, for estimated total finished space of approximately 3,296 square feet. Alley-accessed off-street parking supplements street parking. The property is near Downtown Columbus, Grant Hospital, Nationwide Children’s Hospital, the Short North, restaurants, and entertainment.
Key Highlights
- Two similar 3‑bedroom units in a fully renovated duplex
- Extensive 2026 updates include HVAC, plumbing, electrical, windows, flooring, and exterior components
- Approximately 360 additional sq. ft. per unit on the third floor
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.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
44
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
$280,400
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Columbus, OH
Properties on Market for Duplexes in Columbus
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two updated residences offer flexible layouts, private porches, alley-accessed parking, and proximity to Downtown Columbus and major hospitals.
Where is this duplex located?
The property is located at 13131315 1313-1315 Parsons Ave 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 similar 3‑bedroom units in a fully renovated duplex; Extensive 2026 updates include HVAC, plumbing, electrical, windows, flooring, and exterior components; Approximately 360 additional sq. ft. per unit on the third floor
