Historic Duplex with Third-Story
4244 42-44 E Prescott St, Columbus, OH 43215
For Sale
$749,900
Separate utility metering and off-street parking support distinct residential use across both units.
Property Size2,600 SF
Price / SF$288.42
Days on Market49
Property Features for 4244 42-44 E Prescott St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Utilities to Site
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Buildings
Listing Agency:
Ohio Broker Direct, LLC
Listed By:
Joan Elflein · License OH #386319
(380) 222-3706
Source:
Kwcore
Added: Sep 26
Changed: Oct 26
Last Checked: Oct 7 at 4:36PM
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 Ohio Broker Direct, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1900, this two-unit property totals approximately 2,600 square feet, with about 1,300 square feet on each side. One unit has two bedrooms and a full bath; the other has one bedroom and a full bath. Each includes a third-story loft. Both units have updated kitchens and bathrooms, new HVAC systems and water heaters, wood flooring, and bright rooms. The one-bedroom unit also has a vaulted bedroom ceiling. Furnishings and artwork in the two-bedroom unit may be included. A concrete driveway accommodates up to four vehicles. Electric, gas, and other utilities are separately metered, while water is shared.
The property is within walking distance of High Street and the Greater Columbus Convention Center. John Glenn Columbus International Airport is approximately 10–15 minutes away. The units are described as suitable for owner occupancy, long-term rental, or short-term rental; conversion to separately deeded units may be possible subject to applicable approvals and requirements.
The property is within walking distance of High Street and the Greater Columbus Convention Center. John Glenn Columbus International Airport is approximately 10–15 minutes away. The units are described as suitable for owner occupancy, long-term rental, or short-term rental; conversion to separately deeded units may be possible subject to applicable approvals and requirements.
Key Highlights
- Two‑unit duplex with approximately 2,600 SF total and approximately 1,300 SF per side
- One side has 2 bedrooms and 1 full bath; the other has 1 bedroom and 1 full bath
- Third‑story loft in each unit; vaulted bedroom ceiling in the one‑bedroom unit
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.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,218
Businesses Nearby
Explore this area
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
$508,300
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Columbus, OH
Properties on Market for Duplexes in Columbus
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Separate utility metering and off-street parking support distinct residential use across both units.
Where is this duplex located?
The property is located at 4244 42-44 E Prescott St 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: Two‑unit duplex with approximately 2,600 SF total and approximately 1,300 SF per side; One side has 2 bedrooms and 1 full bath; the other has 1 bedroom and 1 full bath; Third‑story loft in each unit; vaulted bedroom ceiling in the one‑bedroom unit
