Two-Unit Apartment
333 E 9th Avenue Columbus, OH 43201
333 E 9th Avenue, Columbus, OH, 43201
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For Sale
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Two one-bedroom apartments total approximately 1,540 square feet, offered for sale as a single property.
Property Size1,540 SF
Price / SF$168.18
Days on Market141
Property Features for 333 E 9th Avenue
General Information
- Standard status
- Active
- Size
- 1,540 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1920
Listing agency
Best Corporate Real Estate
(614) 559-3350
Listed by
Randy Best · License #311236
Source
Crexi
Added: Mar 3 Updated: Jul 21 at 11:03PM Checked: Jul 21 at 11:03PM
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 Best Corporate Real Estate
Investment Insights
Based on property information with market context.
This two-unit apartment building contains two one-bedroom apartments with approximately 1,540 square feet total across the entire property. The listing notes that rents are below market for the one-bedroom units, and that entry is subject to coordination with tenants.
The property is located close to Ohio State University, Historic Crew Stadium, and the Ohio State Fairgrounds, all described as within walkable distance. It is also approximately 0.8 miles from Interstate-71 northbound and southbound, providing connectivity to Downtown Columbus and I-270.
Per the remarks, curb offers only apply, with additional details referenced in A2A remarks.
The property is located close to Ohio State University, Historic Crew Stadium, and the Ohio State Fairgrounds, all described as within walkable distance. It is also approximately 0.8 miles from Interstate-71 northbound and southbound, providing connectivity to Downtown Columbus and I-270.
Per the remarks, curb offers only apply, with additional details referenced in A2A remarks.
Key Highlights
- Two‑unit apartment building built in 1920
- Includes two 1‑bedroom apartments totaling approximately 1,540 SF
- Rents are below market for the 1‑bedroom units
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 | $20.1k | $13.08 |
| − Vacancy | −$1.4k | −$0.92 |
| EGI | $18.7k | $12.16 |
| − OpEx | −$5.6k | −$3.65 |
| NOI | $13.1k | $8.52 |
1,540 SF · lease $13.08/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$187.3K
$163.9K – $218.6K
NOI $13,113 @ 7.0% cap · market cap 5.06%
Second Best
Apartment 5plus
$150.7K
$131.9K – $175.8K
NOI $10,549 @ 7.0% cap · market cap 4.07%
Theoretical Best
Office A
$320.9K
$280.8K – $374.4K
NOI $22,466 @ 7.0% cap · market cap 8.67%
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 - Two one-bedroom apartments total approximately 1,540 square feet, offered for sale as a single property.
Where is this duplex located?
The property is located at 333 E 9th Avenue Columbus, OH.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: Two‑unit apartment building built in 1920; Includes two 1‑bedroom apartments totaling approximately 1,540 SF; Rents are below market for the 1‑bedroom units
