Two-Unit Apartment
For Sale
$259,000
333 E 9th Avenue, Columbus, OH 43201
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 Market227
Property Features for 333 E 9th Avenue
General Information
Standard status
Active
Size
1,540 SF
Property subtype
Duplex
Site & Location
Neighborhood
University District
Highway Access
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,443
Building Details
Year Built
1920
Tenancy
Multi
Listing Agency:
Best Corporate Real Estate
Listed By:
Randy J Best · License #311236
(614) 397-8380
Source:
Camtaylor
Added: Mar 12
Changed: Oct 15
Last Checked: Oct 23 at 3:10PM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,113
Cap Rate
5.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$262,260
$262.3K
Cap Rate 7%
$187,329
$187.3K
Cap Rate 9%
$145,700
$145.7K
Market Conditions
NOI Build-Up for 1,540 SF
Gross rent
$20.1K $13.08/SF
− Vacancy
−$1.4K −$0.92/SF
EGI
$18.7K $12.16/SF
− OpEx
−$5.6K −$3.65/SF
NOI
$13.1K $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%
$262,260
Cap Rate 7%
$187,329
Cap Rate 9%
$145,700
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 authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,429
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
Frequently Asked Questions
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
