Two-Unit Duplex Income
For Sale
$389,900
Pending
211-213 Clinton Street, Columbus, OH 43202
Well-maintained duplex with two 3-bedroom units, each with a private basement and front porch.
Property Size2,136 SF
Days on Market47
Property Features for 211-213 Clinton Street
General Information
Standard status
Pending
Size
2,136 SF
Property subtype
Multi-Family / Duplex
Occupancy
100%
Net Operating Income
$29,000
Additional Details
Business Included
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,771
Amenities
Central Air
Forced Air
Gas
Yes
Building Details
Year Built
1923
Tenancy
Multi
Listing Agency:
KW Classic Properties Realty
(614) 580-8282
Listed By:
Heather Byrne · License #420225
(614) 580-8282
Source:
Compass
Added: Jun 24
Changed: Aug 8
Last Checked: Aug 8 at 8:59AM
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 KW Classic Properties Realty
Investment Insights
Based on property information with market context.
This well-maintained duplex includes two separate units, each offering three bedrooms and one full bathroom, along with an individual basement and a front porch. Unit 211 features an electric stove, while Unit 213 features a gas stove. Both units include a refrigerator, dishwasher, stove, and washer/dryer.
The property has had major capital improvements, including a new roof replaced in 2022. New AC was installed in Unit 213 in 2026.
Both units are currently income-producing. Unit 211’s lease ends July 31, 2026, and Unit 213’s lease ends July 31, 2027. Listing agents are related to the sellers.
The property has had major capital improvements, including a new roof replaced in 2022. New AC was installed in Unit 213 in 2026.
Both units are currently income-producing. Unit 211’s lease ends July 31, 2026, and Unit 213’s lease ends July 31, 2027. Listing agents are related to the sellers.
Key Highlights
- Duplex built in 1923 with two 3‑bedroom units, each with 1 full bathroom
- Each unit has its own basement and a front porch
- Central air and forced‑air gas heating in the duplex
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
$18,188
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
4.66%
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%
$363,760
$363.8K
Cap Rate 7%
$259,829
$259.8K
Cap Rate 9%
$202,089
$202.1K
Market Conditions
NOI Build-Up for 2,136 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
$27.9K $13.08/SF
− Vacancy
−$2.0K −$0.92/SF
EGI
$26.0K $12.16/SF
− OpEx
−$7.8K −$3.65/SF
NOI
$18.2K $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%
$363,760
Cap Rate 7%
$259,829
Cap Rate 9%
$202,089
Alternative Uses
Best Use
Multifamily LT 5
$259.8K
$227.4K – $303.1K
NOI $18,188 @ 7.0% cap · market cap 4.66%
Second Best
Apartment 5plus
$209.0K
$182.9K – $243.9K
NOI $14,631 @ 7.0% cap · market cap 3.75%
Theoretical Best
Office A
$445.2K
$389.5K – $519.4K
NOI $31,161 @ 7.0% cap · market cap 7.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
801
Businesses Nearby
Explore this area
Business Placement
Demographics for 43202, OH
20,427
Population
10,055
Households
2
Avg Household Size
29
Median Age
62%
College-Educated
95%
High-School Grad
2.5 sq mi
ZIP Area
8,171
Density / Sq Mi
$65,689
Median Household Income
$36,412
Median Earnings
$1,170
Median Rent
$317,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex with two 3-bedroom units, each with a private basement and front porch.
Where is this duplex located?
The property is located at 211-213 Clinton Street Columbus, OH.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: Duplex built in 1923 with two 3‑bedroom units, each with 1 full bathroom; Each unit has its own basement and a front porch; Central air and forced‑air gas heating in the duplex
