The Book House
For Sale
$1,385,000
43-45 W Markison Avenue, Columbus, OH 43207
Multi-Family, Columbus, OH
Property Size4,536 SF
Lot Size0.12 Acres
Price / SF$305.34
Days on Market99
Property Features for 43-45 W Markison Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential
Parking
2
Subdivision
Merion Village Area
Elementary school district
COLUMBUS CSD 2503 FRA CO.
Middle school district
COLUMBUS CSD 2503 FRA CO.
High school district
COLUMBUS CSD 2503 FRA CO.
Standard status
Active
APN
010-018361
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
23200
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
2022
Number of units
2
Listing Agency:
Keller Williams Capital Ptnrs · Keller Williams Realty
(614) 888-1000
Listed By:
Jeff A Mahler · License #2007005702
(614) 832-7139
Added: Jul 9
Changed: Oct 15
Last Checked: Oct 15 at 8:06AM
MLS# 226025487
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.
Investment Insights
Based on property information with market context.
Completed in 2022, this two-unit duplex provides 4,536 square feet with eight bedrooms, six bathrooms, and sleeping capacity for up to 24 guests. The property was created for group gatherings and entertaining, with central air, forced-air heating, public water, and public sewer. Its interior includes floor-to-ceiling bookcases, library ladders, and more than 7,000 hardcover books distributed throughout the building. The property sits on a 0.12-acre lot and presents a distinctive book-themed design with modern finishes.
The two units are currently occupied under leases extending through 10/15/26 and 9/1/26. The property is located near Children’s Hospital, German Village, Merion Village, and Downtown Columbus attractions.
The two units are currently occupied under leases extending through 10/15/26 and 9/1/26. The property is located near Children’s Hospital, German Village, Merion Village, and Downtown Columbus attractions.
Key Highlights
- 4,536‑square‑foot duplex completed in 2022
- Two units with 8 bedrooms and 6 bathrooms
- Sleeping capacity for up to 24 guests
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,105
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,022,100
$1.0M
Cap Rate 7%
$730,071
$730.1K
Cap Rate 9%
$567,833
$567.8K
Market Conditions
NOI Build-Up for 4,536 SF
Gross rent
$78.9K $17.40/SF
− Vacancy
−$5.9K −$1.31/SF
EGI
$73.0K $16.10/SF
− OpEx
−$21.9K −$4.83/SF
NOI
$51.1K $11.27/SF
Area
ZIP 43207
Vacancy
7.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,022,100
Cap Rate 7%
$730,071
Cap Rate 9%
$567,833
Alternative Uses
Best Use
Multifamily LT 5
$730.1K
$638.8K – $851.8K
NOI $51,105 @ 7.0% cap · market cap 3.69%
Second Best
Apartment 5plus
$669.6K
$585.9K – $781.2K
NOI $46,873 @ 7.0% cap · market cap 3.38%
Theoretical Best
Warehouse
$914.2K
$800.0K – $1.07M
NOI $63,997 @ 7.0% cap · market cap 4.62%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
548
Businesses Nearby
Explore this area
Business Placement
Demographics for 43207, OH
46,853
Population
21,242
Households
2.2
Avg Household Size
38
Median Age
16%
College-Educated
85%
High-School Grad
23.1 sq mi
ZIP Area
2,028
Density / Sq Mi
$61,307
Median Household Income
$40,037
Median Earnings
$1,115
Median Rent
$156,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Recently built duplex configured for entertaining, furnished interiors, and short-term rental operations.
Where is this duplex located?
The property is located at 43-45 W Markison Avenue Columbus, OH.
What is the asking price?
The asking price for this property is $1,385,000.
What are key features of this property?
This property features: 4,536‑square‑foot duplex completed in 2022; Two units with 8 bedrooms and 6 bathrooms; Sleeping capacity for up to 24 guests
