Two-Unit
New
For Sale
$225,000
540 S Terrace Ave, Columbus, OH 43204
Each residence has a three-bedroom, one-bathroom layout and is currently tenant-occupied.
Property Size2,240 SF
Price / SF$100.45
Days on Market2
Property Features for 540 S Terrace Ave
General Information
Standard status
Active
Size
2,240 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Building Details
Year Built
1926
Listing Agency:
Andrena Boyd, Crt, Realtors
Listed By:
Contact LOCAL Agent
(614) 291-1200
Source:
Realtyohio
Added: Oct 7
Last Checked: Oct 7 at 2:30PM
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 Andrena Boyd, Crt, Realtors
Investment Insights
Based on property information with market context.
Built in 1926, this duplex contains two residences totaling 2,240 square feet. Each unit is configured with three bedrooms and one bathroom, and both are currently rented.
Key Highlights
- Two‑unit duplex with 2,240 square feet total
- Each residence includes 3 bedrooms and 1 bathroom
- Built in 1926
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,074
Cap Rate
8.48%
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 8.48%
Second Best
Apartment 5plus
$219.2K
$191.8K – $255.7K
NOI $15,344 @ 7.0% cap · market cap 6.82%
Theoretical Best
Office A
$466.8K
$408.5K – $544.6K
NOI $32,678 @ 7.0% cap · market cap 14.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
328
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 residence has a three-bedroom, one-bathroom layout and is currently tenant-occupied.
Where is this duplex located?
The property is located at 540 S Terrace Ave Columbus, OH.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,240 square feet total; Each residence includes 3 bedrooms and 1 bathroom; Built in 1926
