Dennison Place Duplex Investment
1350-1350 Dennison Avenue #1/2 Columbus, OH 43201
1350-1350 Dennison Avenue #1/2, Columbus, OH, 43201
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For Sale
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Two-unit duplex near OSU and Short North, ideal for owner-occupant.
Property Size1,978 SF
Price / SF$303.34
Days on Market636
Property Features for 1350-1350 Dennison Avenue #1/2
General Information
- Standard status
- Active
- Size
- 1,978 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1880
Listing agency
RE/MAX Partners
(614) 595-0732
Listed by
Lee Ritchie · License #2010001340
Source
Crexi
Added: Oct 25, 2024 Updated: Jul 10 at 11:25AM Checked: Jul 21 at 9:42AM
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 RE/MAX Partners
Investment Insights
Based on property information with market context.
Located in the Dennison Place neighborhood, this two-story brick duplex presents an investment opportunity in a prime location, just two blocks from N. High Street, offering convenient access to OSU and the Short North. The property features two units, each with two bedrooms and one full bath, totaling 1,978 square feet. The duplex is suitable for an owner-occupant. Character is present throughout the building with original mouldings, brick fireplaces, and wood ceilings. The current owners have been living in the lower unit and renting out the fully furnished upper unit for $1700 per month, with the lease ending on February 28, 2025. The property includes a fully fenced yard, two off-street parking spots, and two additional parking permits per unit.
Key Highlights
- Prime location: Just 2 blocks from N. High Street, walk to OSU & the Short North.
- Duplex featuring Two 2‑bedroom, 1‑bath units, totaling 1,978 sq ft.
- Investment opportunity with potential for owner occupancy.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.9k | $13.08 |
| − Vacancy | −$1.8k | −$0.92 |
| EGI | $24.1k | $12.16 |
| − OpEx | −$7.2k | −$3.65 |
| NOI | $16.8k | $8.52 |
1,978 SF · lease $13.08/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$240.6K
$210.5K – $280.7K
NOI $16,843 @ 7.0% cap · market cap 2.81%
Second Best
Apartment 5plus
$193.6K
$169.4K – $225.8K
NOI $13,549 @ 7.0% cap · market cap 2.26%
Theoretical Best
Office A
$412.2K
$360.7K – $480.9K
NOI $28,856 @ 7.0% cap · market cap 4.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Two-unit duplex near OSU and Short North, ideal for owner-occupant.
Where is this duplex located?
The property is located at 1350-1350 Dennison Avenue #1/2 Columbus, OH.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Prime location: Just 2 blocks from N. High Street, walk to OSU & the Short North.; Duplex featuring Two 2‑bedroom, 1‑bath units, totaling 1,978 sq ft.; Investment opportunity with potential for owner occupancy.
