Duplex with Finished Bonus
New
For Sale
$399,000
2211 N 4th Street, Columbus, OH 43201
Both residences have three bedrooms, first-floor laundry, and a second-floor sleeping porch.
Property Size3,220 SF
Price / SF$123.91
Days on Market4
Property Features for 2211 N 4th Street
General Information
Standard status
Active
Size
3,220 SF
Total Parking Spaces
3
Property subtype
Duplex
Occupancy
50%
Units
Unit Mix
2 x 3BR/1.5BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,771
Amenities
fenced backyard
Building Details
Year Built
1900
Buildings
1
Listing Agency:
Coldwell Banker Realty
Listed By:
Katie Conway
(614) 506-0588
Source:
Camtaylor
Added: Oct 7
Changed: Oct 10
Last Checked: Oct 10 at 2:24AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
Built in 1900, this duplex contains two residences, each with 1,610 square feet, three bedrooms, one full bath, one half bath, and laundry on the first floor. A sleeping porch sits on the second level, and a finished third-floor bonus room adds interior space. The property also includes a detached three-car garage and a fenced backyard.
One side is occupied by a month-to-month tenant; the other is vacant and available for rental or owner occupancy. The property is in Columbus, between the University District and Clintonville.
One side is occupied by a month-to-month tenant; the other is vacant and available for rental or owner occupancy. The property is in Columbus, between the University District and Clintonville.
Key Highlights
- Two residences, each with 1,610 square feet, three bedrooms, one full bath, and one half bath
- First‑floor laundry in each unit
- Second‑floor sleeping porch and finished third‑floor bonus room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,419
Cap Rate
6.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$548,380
$548.4K
Cap Rate 7%
$391,700
$391.7K
Cap Rate 9%
$304,656
$304.7K
Market Conditions
NOI Build-Up for 3,220 SF
Gross rent
$42.1K $13.08/SF
− Vacancy
−$2.9K −$0.92/SF
EGI
$39.2K $12.16/SF
− OpEx
−$11.8K −$3.65/SF
NOI
$27.4K $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%
$548,380
Cap Rate 7%
$391,700
Cap Rate 9%
$304,656
Alternative Uses
Best Use
Multifamily LT 5
$391.7K
$342.7K – $457.0K
NOI $27,419 @ 7.0% cap · market cap 6.87%
Second Best
Apartment 5plus
$315.1K
$275.7K – $367.6K
NOI $22,056 @ 7.0% cap · market cap 5.53%
Theoretical Best
Office A
$671.1K
$587.2K – $782.9K
NOI $46,974 @ 7.0% cap · market cap 11.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
50%
Occupancy
Location Intelligence
Trade Area within ½ mile
761
Businesses Nearby
Explore this area
Business Placement
Demographics for 43201, OH
37,528
Population
17,484
Households
2.1
Avg Household Size
26
Median Age
65%
College-Educated
95%
High-School Grad
3.1 sq mi
ZIP Area
12,106
Density / Sq Mi
$43,451
Median Household Income
$21,792
Median Earnings
$1,299
Median Rent
$438,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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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 - Both residences have three bedrooms, first-floor laundry, and a second-floor sleeping porch.
Where is this duplex located?
The property is located at 2211 N 4th Street Columbus, OH.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Two residences, each with 1,610 square feet, three bedrooms, one full bath, and one half bath; First‑floor laundry in each unit; Second‑floor sleeping porch and finished third‑floor bonus room
