Two-Unit Duplex with Central
For Sale
$284,500
443 S Wayne Avenue, Columbus, OH 43204
Multi-Family, Columbus, OH
Property Size2,240 SF
Lot Size0.18 Acres
Price / SF$127.01
Days on Market151
Property Features for 443 S Wayne Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Rooms
Bedroom 5, Bedroom 4, Bedroom 2, Bedroom 6, Bedroom 3, Bedroom 1
Parking
4
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
010-015890
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
2285
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Private
Building Details
Year built
1923
Number of units
2
Listing Agency:
e-Merge Real Estate
(614) 678-5505
Listed By:
Tonda Brown · License #279097
(614) 580-8500
Added: May 21
Changed: Oct 18
Last Checked: Oct 18 at 1:06AM
MLS# 226018121
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
Based on property information with market context.
This two-unit residential property contains 2,240 square feet across two matching residences. Each unit offers 2 bedrooms and 1 full bath, creating a consistent layout throughout the building. Central air conditioning and forced-air heating serve the property, which was built in 1923.
The duplex sits on a 0.18-acre parcel at 443 S Wayne Avenue in Columbus, Ohio 43204. Both units are occupied, and government housing assistance programs support the existing tenancies. The property uses private water and public sewer, providing established utility infrastructure for the residences.
The duplex sits on a 0.18-acre parcel at 443 S Wayne Avenue in Columbus, Ohio 43204. Both units are occupied, and government housing assistance programs support the existing tenancies. The property uses private water and public sewer, providing established utility infrastructure for the residences.
Key Highlights
- Two‑unit duplex with 2,240 total square feet
- Two matching units, each with 2 bedrooms and 1 full bath
- Both units are occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,074
Cap Rate
6.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$381,480
$381.5K
Cap Rate 7%
$272,486
$272.5K
Cap Rate 9%
$211,933
$211.9K
Market Conditions
NOI Build-Up for 2,240 SF
Gross rent
$29.3K $13.08/SF
− Vacancy
−$2.1K −$0.92/SF
EGI
$27.2K $12.16/SF
− OpEx
−$8.2K −$3.65/SF
NOI
$19.1K $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%
$381,480
Cap Rate 7%
$272,486
Cap Rate 9%
$211,933
Alternative Uses
Best Use
Multifamily LT 5
$272.5K
$238.4K – $317.9K
NOI $19,074 @ 7.0% cap · market cap 6.70%
Second Best
Apartment 5plus
$219.2K
$191.8K – $255.7K
NOI $15,344 @ 7.0% cap · market cap 5.39%
Theoretical Best
Office A
$466.8K
$408.5K – $544.6K
NOI $32,678 @ 7.0% cap · market cap 11.49%
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
364
Businesses Nearby
Explore this area
Business Placement
Demographics for 43204, OH
42,315
Population
19,286
Households
2.2
Avg Household Size
35
Median Age
25%
College-Educated
84%
High-School Grad
9.4 sq mi
ZIP Area
4,502
Density / Sq Mi
$59,158
Median Household Income
$38,610
Median Earnings
$1,206
Median Rent
$170,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied duplex with two-bedroom units supported by government housing assistance programs.
Where is this duplex located?
The property is located at 443 S Wayne Avenue Columbus, OH.
What is the asking price?
The asking price for this property is $284,500.
What are key features of this property?
This property features: Two‑unit duplex with 2,240 total square feet; Two matching units, each with 2 bedrooms and 1 full bath; Both units are occupied
