Updated Duplex with Two 3BR
258-260 South Souder Avenue Columbus, OH 43222
258-260 South Souder Avenue, Columbus, OH, 43222
$300,000
Pending
For Sale
$300,000
Pending
Duplex with two 3-bedroom, 1.5-bath units, private porches, and off-street parking.
Property Size2,618 SF
Days on Market13
Property Features for 258-260 South Souder Avenue
General Information
- Standard status
- Pending
- Size
- 2,618 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1900
Listing agency
Reafco
(614) 963-3340
Listed by
Brandon Goldsmith · License #2020000644
(614) 963-3340
Source
Compass
Added: Jul 9 Updated: Jul 21 at 11:45AM Checked: Jul 21 at 11:45AM
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.
Well-maintained duplex featuring two 3-bedroom, 1.5-bath units. Each unit offers a private front and rear porch, along with off-street parking.
Unit 258 is leased at $1,262/month through April 2027, with the tenant paying all utilities. Unit 260 is updated, turnkey, and move-in ready.
Conveniently located just minutes from Downtown Columbus, positioned right behind Mount Carmel College of Nursing.
Unit 258 is leased at $1,262/month through April 2027, with the tenant paying all utilities. Unit 260 is updated, turnkey, and move-in ready.
Conveniently located just minutes from Downtown Columbus, positioned right behind Mount Carmel College of Nursing.
Key Highlights
- Duplex with two 3‑bedroom, 1.5‑bath units (258 and 260) with private front and rear porches
- Unit 258 leased at $1,262/month through April 2027; tenant pays all utilities
- Unit 260 is updated and move‑in ready
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 | $34.2k | $13.08 |
| − Vacancy | −$2.4k | −$0.92 |
| EGI | $31.8k | $12.16 |
| − OpEx | −$9.6k | −$3.65 |
| NOI | $22.3k | $8.52 |
2,618 SF · lease $13.08/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$318.5K
$278.7K – $371.5K
NOI $22,292 @ 7.0% cap · market cap 7.43%
Second Best
Apartment 5plus
$256.2K
$224.2K – $298.9K
NOI $17,933 @ 7.0% cap · market cap 5.98%
Theoretical Best
Office A
$545.6K
$477.4K – $636.5K
NOI $38,192 @ 7.0% cap · market cap 12.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex with two 3-bedroom, 1.5-bath units, private porches, and off-street parking.
Where is this duplex located?
The property is located at 258-260 South Souder Avenue Columbus, OH.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Duplex with two 3‑bedroom, 1.5‑bath units (258 and 260) with private front and rear porches; Unit 258 leased at $1,262/month through April 2027; tenant pays all utilities; Unit 260 is updated and move‑in ready
