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    Two-Unit Residential Income Property Title is generated by Realmo AI

    345 Dakota Avenue, Columbus, OH 43223

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    Claim this Listing
    For Sale
    $170,000

    MULTI_FAMILY - Columbus, OH

    Property size:
    1,172 SF
    Lot size:
    0.02 Acres
    Price / SF:
    $145/SF
    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

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    Listing Contact
    Matthew Piper

    Listing agent Matthew Piper License #2015002192

    Listing office ERA Real Solutions Realty 3656 Broadway, Grove City, OH

    Listing date Jul 2, 2025

    MLS# 225024290 Listing URL

    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

    This duplex at 345 Dakota Avenue is configured as two separate units: 345 Dakota (Downstairs) and 345.5 Dakota (Upstairs). Each unit is listed as a 2-bedroom, 1-bath home. The downstairs unit is recently vacant, while the upstairs unit is currently rented. The provided rent history shows the downstairs unit’s last rent was $750.00, and the upstairs unit is currently at $800.00, with the current tenant moving in on 3/24 and operating month-to-month at the time of reporting.

    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
    1,172 SF · lease $13.08/SF/yr · vacancy 7.00% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $142.6K
    $124.8K – $166.3K (±1% cap)
    NOI $9,980 @ 7.0% cap · market cap 5.87%
    Second Best
    Apartment 5plus
    $114.7K
    $100.4K – $133.8K (±1% cap)
    NOI $8,028 @ 7.0% cap · market cap 4.72%
    Theoretical Best
    Office A
    $244.3K
    $213.7K – $285.0K (±1% cap)
    NOI $17,098 @ 7.0% cap · market cap 10.06%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Delaware
    State
    Ohio
    Longitude
    -83.026856
    Latitude
    39.951885

    FAQs

    What type of property is this?
    Duplex - Duplex with two 2-bed, 1-bath units, one recently vacant and one currently rented, with tax abatement through 2034.
    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 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
    More about this property
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