345 Dakota Avenue Columbus, OH 43223
Duplex with two 2-bedroom, 1-bath units, including a recently vacated downstairs space and an upstairs unit in-place.
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 office ERA Real Solutions Realty (614) 406-5302
Listing date Sep 9, 2025
Source Compass
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Investment Insights
Based on property information with market context.
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 |
