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Duplex with Two Three-Bedroom Units
New
For Sale
$225,000

540 S Terrace Avenue, Columbus, OH 43204

Multi-Family, Columbus, OH

Property SizeContact for details
Lot Size0.14 Acres
Days on Market2

Property Features for 540 S Terrace Avenue

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 6
Rooms Bedroom 1, Bedroom 2, Bedroom 4, Bedroom 5, Bedroom 6, Bedroom 3
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 010-067621
Lot size 0.14 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 2415

Utilities

Sewer type Public Sewer
Water source Public

Building Details

Year built 1926
Number of units 2
Listing Agency: Rise Realty
Listed By: Tamara R Adams · License #2010003250
Added: Oct 6 Last Checked: Oct 7 at 1:06PM
MLS# 226038014

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.

This duplex contains two residences, each configured with three bedrooms and one bathroom. The building dates to 1926 and sits on a 0.14-acre lot. Both units are currently rented. Public water and public sewer serve the property.

Located in Columbus, Ohio, the property is at 540 S Terrace Avenue in ZIP code 43204.

Key Highlights

  • Two units, each with 3 bedrooms and 1 bathroom
  • Both residences are currently rented
  • 0.14‑acre lot

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Building Supply Spa & Massage Center HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

328
Businesses Nearby

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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Both residences are tenant-occupied and have one bathroom each.
Where is this duplex located?
The property is located at 540 S Terrace Avenue 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 units, each with 3 bedrooms and 1 bathroom; Both residences are currently rented; 0.14‑acre lot
More about this property
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