345 Dakota Avenue, Columbus, OH 43223
MULTI_FAMILY - Columbus, OH
- Added:
- Jul 2, 2025
- Days on Market:
- 358
- Last Refresh:
- Jun 24 at 6:06 am
Property Features for 345 Dakota Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Rooms
- Bedroom 4, Bedroom 2, Bedroom 3, Bedroom 1
- Standard status
- Active
- APN
- 010-301904
- Lot size
- 0.02 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 705
Building Details
- Year built
- 1918
- Number of units
- 2
Listing agent Matthew Piper License #2015002192 (614) 406-5302
Listing office ERA Real Solutions Realty 3656 Broadway, Grove City, OH (614) 871-1000
Listing date Jul 2, 2025
Copyright © 2026 Columbus and Central Ohio Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Duplex with two 2‑bed/1‑bath units: 345 Dakota (downstairs) and 345.5 Dakota (upstairs)
- Each unit offers 586 sqft of living space
- 345 Dakota (downstairs) last rented at $750 and is recently vacant
- 345.5 Dakota (upstairs) currently rented at $800; tenant moved in 3/24 and is on a month‑to‑month (MTM) basis
- Tax abated until 2034
- Year built: 1918
Overview
The property is situated in Columbus, Franklin County, Ohio (43223). The lot size is listed at 0.02 acres. Tax abatement is noted as being in place until 2034.
For buyers seeking a small residential income property, this layout offers two independently leased 2-bedroom units in a straightforward duplex configuration. With one unit recently vacant and the other unit already occupied on a month-to-month basis, the property provides immediate clarity on rent status while retaining the benefit of the stated tax abatement through 2034.
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 | $15.3k | $13.08 |
| − Vacancy | −$1.1k | −$0.92 |
| EGI | $14.3k | $12.16 |
| − OpEx | −$4.3k | −$3.65 |
| NOI | $10.0k | $8.52 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Columbus
- County
- Delaware
- State
- Ohio
- Longitude
- -83.026856
- Latitude
- 39.951885