Duplex Near Ohio Dominican
For Sale
$250,000
2306-2308 E 5th Avenue, Columbus, OH 43219
Fully occupied residential income property with functioning roof, HVAC, water heaters, and electrical systems.
Property Size2,352 SF
Price / SF$106.29
Days on Market68
Property Features for 2306-2308 E 5th Avenue
General Information
Standard status
Active
Size
2,352 SF
Property subtype
Duplex
Occupancy
100%
Financials
Gross Income
$29,160
Average Monthly Rent
$1,215
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$3,681
Building Details
Year Built
1928
Listing Agency:
Reafco
Listed By:
Remington Lyman · License #2022001862
(614) 541-8475
Source:
Camtaylor
Added: Aug 1
Changed: Oct 6
Last Checked: Oct 5 at 9:05PM
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 Reafco
Investment Insights
Based on property information with market context.
This two-unit duplex contains approximately 2,352 square feet, with each residence configured as a 3-bedroom, 1-bath unit. Combined, the property offers 6 bedrooms and 2 bathrooms. Both units are fully occupied, providing an established operating profile for a residential income property. The roof, HVAC systems, water heaters, and electrical systems are reported to be functioning properly and in good condition. Constructed in 1928, the building offers a straightforward duplex layout suited to its existing residential use.
The property is positioned near Ohio Dominican University and within close proximity to Easton Town Center. Freeway access is also noted, with nearby employment, retail, and educational destinations contributing to the surrounding rental environment.
The property is positioned near Ohio Dominican University and within close proximity to Easton Town Center. Freeway access is also noted, with nearby employment, retail, and educational destinations contributing to the surrounding rental environment.
Key Highlights
- Two‑unit duplex with approximately 2,352 square feet
- Each unit includes 3 bedrooms and 1 bathroom
- Combined layout totals 6 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,027
Cap Rate
8.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$400,540
$400.5K
Cap Rate 7%
$286,100
$286.1K
Cap Rate 9%
$222,522
$222.5K
Market Conditions
NOI Build-Up for 2,352 SF
Gross rent
$30.8K $13.08/SF
− Vacancy
−$2.2K −$0.92/SF
EGI
$28.6K $12.16/SF
− OpEx
−$8.6K −$3.65/SF
NOI
$20.0K $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%
$400,540
Cap Rate 7%
$286,100
Cap Rate 9%
$222,522
Alternative Uses
Best Use
Multifamily LT 5
$286.1K
$250.3K – $333.8K
NOI $20,027 @ 7.0% cap · market cap 8.01%
Second Best
Apartment 5plus
$230.2K
$201.4K – $268.5K
NOI $16,111 @ 7.0% cap · market cap 6.44%
Theoretical Best
Office A
$490.2K
$428.9K – $571.9K
NOI $34,312 @ 7.0% cap · market cap 13.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
284
Businesses Nearby
Explore this area
Business Placement
Demographics for 43219, OH
30,457
Population
13,210
Households
2.3
Avg Household Size
33
Median Age
22%
College-Educated
82%
High-School Grad
16.0 sq mi
ZIP Area
1,904
Density / Sq Mi
$51,860
Median Household Income
$32,459
Median Earnings
$1,191
Median Rent
$173,600
Median Home Value
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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 - Fully occupied residential income property with functioning roof, HVAC, water heaters, and electrical systems.
Where is this duplex located?
The property is located at 2306-2308 E 5th Avenue Columbus, OH.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two‑unit duplex with approximately 2,352 square feet; Each unit includes 3 bedrooms and 1 bathroom; Combined layout totals 6 bedrooms and 2 bathrooms
