Two-Unit Residential
345 Dakota Avenue Columbus, OH 43223
345 Dakota Avenue, Columbus, OH, 43223
$170,000
For Sale
$170,000
Duplex with two 2-bedroom, 1-bath units, including a recently vacated downstairs space and an upstairs unit in-place.
Property Size586 SF
Price / SF$290.10
Days on Market317
Property Features for 345 Dakota Avenue
General Information
- Standard status
- Active
- Size
- 586 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1918
Listing agency
ERA Real Solutions Realty
(614) 406-5302
Listed by
Matthew Piper · License #2015002192
(614) 406-5302
Source
Compass
Added: Sep 9, 2025 Updated: Jul 10 at 1:52PM Checked: Jul 21 at 6:54AM
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 ERA Real Solutions Realty
Investment Insights
Based on property information with market context.
This duplex includes two separate 2-bedroom, 1-bath units. The downstairs unit (345 Dakota Avenue) is 586 square feet and was recently vacant, with the last rent reported at $750. The upstairs unit (345.5 Dakota Avenue) is also 586 square feet and is currently rented at $800; the tenant moved in on 3/24 and the listing indicates the tenancy is month-to-month.
Both units are part of the same building configuration, offering two independent living spaces under one ownership. The property is described as having tax abatement in place through 2034, which may be a relevant consideration for buyers evaluating total ownership costs.
From a tenant or operator fit perspective, the property provides a straightforward income-residential setup with the ability to occupy one unit while leasing the other. With the downstairs unit recently vacated and the upstairs unit currently occupied, the duplex presents an owner with immediate flexibility around occupancy timing, while the current rent and lease status for the upstairs unit provide a clear, documented starting point for underwriting.
Both units are part of the same building configuration, offering two independent living spaces under one ownership. The property is described as having tax abatement in place through 2034, which may be a relevant consideration for buyers evaluating total ownership costs.
From a tenant or operator fit perspective, the property provides a straightforward income-residential setup with the ability to occupy one unit while leasing the other. With the downstairs unit recently vacated and the upstairs unit currently occupied, the duplex presents an owner with immediate flexibility around occupancy timing, while the current rent and lease status for the upstairs unit provide a clear, documented starting point for underwriting.
Key Highlights
- Duplex built in 1918 with two 2‑bedroom, 1‑bath units
- Each unit offers 586 sqft (345 Dakota downstairs and 345.5 Dakota upstairs)
- Downstairs unit recently vacant; last rent was $750.00
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 | $7.7k | $13.08 |
| − Vacancy | −$537 | −$0.92 |
| EGI | $7.1k | $12.16 |
| − OpEx | −$2.1k | −$3.65 |
| NOI | $5.0k | $8.52 |
586 SF · lease $13.08/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$71.3K
$62.4K – $83.2K
NOI $4,990 @ 7.0% cap · market cap 2.94%
Second Best
Apartment 5plus
$57.3K
$50.2K – $66.9K
NOI $4,014 @ 7.0% cap · market cap 2.36%
Theoretical Best
Office A
$122.1K
$106.9K – $142.5K
NOI $8,549 @ 7.0% cap · market cap 5.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex with two 2-bedroom, 1-bath units, including a recently vacated downstairs space and an upstairs unit in-place.
Where is this duplex located?
The property is located at 345 Dakota Avenue Columbus, OH.
What is the asking price?
The asking price for this property is $170,000.
What are key features of this property?
This property features: Duplex built in 1918 with two 2‑bedroom, 1‑bath units; Each unit offers 586 sqft (345 Dakota downstairs and 345.5 Dakota upstairs); Downstairs unit recently vacant; last rent was $750.00
