Historic Duplex with Updated
42-44 E Prescott Street, Columbus, OH 43215
For Sale
$749,900
Multi-Family, Columbus, OH
Property Size2,600 SF
Lot Size0.08 Acres
Price / SF$288.42
Days on Market48
Property Features for 42-44 E Prescott Street
General Information
Property type
Property subtype
Bedrooms
Rooms
Elementary school district
Middle school district
High school district
Standard status
APN
Lot size
Additional Details
Individually Metered Utilities
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Number of units
Buildings
Listing Agency:
Ohio Broker Direct, LLC
Listed By:
Joan Elflein · License #386319
(614) 989-7215
Added: Sep 21
Changed: Nov 6
Last Checked: Nov 7 at 12:06PM
MLS# 226036063
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.
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Investment Insights
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This historic duplex contains approximately 2,600 SF, with approximately 1,300 SF per side. The 42 side offers 2 bedrooms, 1 full bath, and a third-story loft, while the 44 side includes 1 bedroom, 1 full bath, and its own loft. The 44 side also has a vaulted bedroom ceiling. Both units feature updated kitchens and bathrooms, new HVAC systems, new water heaters, wood floors, and bright rooms. Furnishings, custom artwork, and furniture in the 42 side may be included.
A new concrete driveway provides off-street parking for up to 4 vehicles. Electric, gas, and other utilities are separately metered, with shared water service. Public water and public sewer serve the property, which was built in 1900 and uses forced-air heating and central air conditioning.
The property can support owner occupancy, long-term rental, or short-term rental use. A future conversion into two separately deeded units is identified as subject to applicable regulations, approvals, and requirements. The duplex is on a quiet one-way street within walking distance of High Street and the Greater Columbus Convention Center, with John Glenn Columbus International Airport approximately 10-15 minutes away.
A new concrete driveway provides off-street parking for up to 4 vehicles. Electric, gas, and other utilities are separately metered, with shared water service. Public water and public sewer serve the property, which was built in 1900 and uses forced-air heating and central air conditioning.
The property can support owner occupancy, long-term rental, or short-term rental use. A future conversion into two separately deeded units is identified as subject to applicable regulations, approvals, and requirements. The duplex is on a quiet one-way street within walking distance of High Street and the Greater Columbus Convention Center, with John Glenn Columbus International Airport approximately 10-15 minutes away.
Key Highlights
- Approximately 2,600 SF duplex with approximately 1,300 SF per side
- 42 side: 2 bedrooms, 1 full bath, and a third‑story loft
- 44 side: 1 bedroom, 1 full bath, loft, and vaulted bedroom ceiling
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,139
Cap Rate
2.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$442,780
$442.8K
Cap Rate 7%
$316,271
$316.3K
Cap Rate 9%
$245,989
$246.0K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$34.0K $13.08/SF
− Vacancy
−$2.4K −$0.92/SF
EGI
$31.6K $12.16/SF
− OpEx
−$9.5K −$3.65/SF
NOI
$22.1K $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 Rate 5%
$442,780
Cap Rate 7%
$316,271
Cap Rate 9%
$245,989
Alternative Uses
Best Use
Multifamily LT 5
$316.3K
$276.7K – $369.0K
NOI $22,139 @ 7.0% cap · market cap 2.95%
Second Best
Apartment 5plus
$254.4K
$222.6K – $296.8K
NOI $17,810 @ 7.0% cap · market cap 2.37%
Theoretical Best
Office A
$541.9K
$474.1K – $632.2K
NOI $37,930 @ 7.0% cap · market cap 5.06%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,527
Businesses Nearby
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Business Placement
Demographics for 43215, OH
20,761
Population
13,428
Households
1.5
Avg Household Size
32
Median Age
71%
College-Educated
97%
High-School Grad
5.1 sq mi
ZIP Area
4,071
Density / Sq Mi
$74,469
Median Household Income
$59,521
Median Earnings
$1,487
Median Rent
$508,300
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Columbus, OH
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Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Updated kitchens, baths, HVAC, and water heaters support flexible owner-occupant or rental use.
Where is this duplex located?
The property is located at 42-44 E Prescott Street Columbus, OH.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Approximately 2,600 SF duplex with approximately 1,300 SF per side; 42 side: 2 bedrooms, 1 full bath, and a third‑story loft; 44 side: 1 bedroom, 1 full bath, loft, and vaulted bedroom ceiling
