Duplex with Sunrooms and Rear
For Sale
$385,000
363 East Hudson Street Unit 365, Columbus, OH 43202
Each unit offers three bedrooms, a sunroom, and rear off-street parking, with one unit vacant and ready.
Property Size2,859 SF
Price / SF$134.66
Days on Market263
Property Features for 363 East Hudson Street Unit 365
General Information
Standard status
Active
Size
2,859 SF
Property subtype
Multi-Family / Duplex
Additional Details
Multifamily Units
2
Building Details
Year Built
1908
Tenancy
Multi
Listing Agency:
Real of Ohio
(614) 641-0526
Listed By:
Ryan Deeter · License #2018004873
(614) 641-0526
Source:
Compass
Added: Nov 19, 2025
Changed: Aug 8
Last Checked: Aug 4 at 11:17AM
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 Real of Ohio
Investment Insights
Based on property information with market context.
This duplex provides two separate units, each with three generous bedrooms plus a bonus sunroom. Off-street private parking is located in the rear of the units, supporting day-to-day access and added convenience for residents. One side is currently vacant and ready for showings, while the other side is occupied by a long-term tenant.
The property is located at 363 East Hudson Street (Unit 365) in Columbus, near OSU and downtown. The public remarks also note a Casa Cacao coffee shop next door with an expansive outdoor patio, placing the home in a walkable, amenity-oriented setting.
For buyers or operators, the layout works well for a house-hack scenario, where an owner can live in one unit while renting the other. It also supports a straightforward rental setup with a tenant currently in place on the occupied side. With one unit easy to show now, buyers have a clear path to evaluate the vacancy and the day-to-day readiness of the second unit.
The property is located at 363 East Hudson Street (Unit 365) in Columbus, near OSU and downtown. The public remarks also note a Casa Cacao coffee shop next door with an expansive outdoor patio, placing the home in a walkable, amenity-oriented setting.
For buyers or operators, the layout works well for a house-hack scenario, where an owner can live in one unit while renting the other. It also supports a straightforward rental setup with a tenant currently in place on the occupied side. With one unit easy to show now, buyers have a clear path to evaluate the vacancy and the day-to-day readiness of the second unit.
Key Highlights
- 1908‑built Columbus duplex with 3 bedrooms plus a bonus sunroom per side
- One unit is vacant and ready to show; other unit has a long‑term tenant (not to be disturbed)
- Rear off‑street private parking for both units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,345
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$486,900
$486.9K
Cap Rate 7%
$347,786
$347.8K
Cap Rate 9%
$270,500
$270.5K
Market Conditions
NOI Build-Up for 2,859 SF
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.
Gross rent
$37.4K $13.08/SF
− Vacancy
−$2.6K −$0.92/SF
EGI
$34.8K $12.16/SF
− OpEx
−$10.4K −$3.65/SF
NOI
$24.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$486,900
Cap Rate 7%
$347,786
Cap Rate 9%
$270,500
Alternative Uses
Best Use
Multifamily LT 5
$347.8K
$304.3K – $405.8K
NOI $24,345 @ 7.0% cap · market cap 6.32%
Second Best
Apartment 5plus
$279.8K
$244.8K – $326.4K
NOI $19,584 @ 7.0% cap · market cap 5.09%
Theoretical Best
Office A
$595.8K
$521.4K – $695.1K
NOI $41,708 @ 7.0% cap · market cap 10.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
749
Businesses Nearby
Explore this area
Business Placement
Demographics for 43202, OH
20,427
Population
10,055
Households
2
Avg Household Size
29
Median Age
62%
College-Educated
95%
High-School Grad
2.5 sq mi
ZIP Area
8,171
Density / Sq Mi
$65,689
Median Household Income
$36,412
Median Earnings
$1,170
Median Rent
$317,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Each unit offers three bedrooms, a sunroom, and rear off-street parking, with one unit vacant and ready.
Where is this duplex located?
The property is located at 363 East Hudson Street Unit 365 Columbus, OH.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: 1908‑built Columbus duplex with 3 bedrooms plus a bonus sunroom per side; One unit is vacant and ready to show; other unit has a long‑term tenant (not to be disturbed); Rear off‑street private parking for both units
