2-Unit Side-by-Side
548-550 S Oakley Avenue, Columbus, OH 43204
For Sale
New
$150,000
Multi-Family, Columbus, OH
Property Size1,960 SF
Price / SF$76.53
Days on Market2
Property Features for 548-550 S Oakley Avenue
General Information
Property type
Property subtype
Bedrooms
Rooms
Subdivision
Elementary school district
Middle school district
High school district
Standard status
APN
Utilities
Heating system
Building Details
Year built
Number of units
Listing Agency:
Vision Realty, Inc.
(614) 267-2223
Listed By:
Donald A Payne · License #BRKP.0000285166
(614) 414-2062
Added: Nov 6
Last Checked: Nov 7 at 12:06AM
MLS# 226042241
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 side-by-side duplex contains two residences, each configured with two bedrooms, one bathroom, and a separate entrance. The combined building area is 1,960 square feet. Built in 1926, the property has forced-air heating.
The address is minutes from Downtown and major west-side routes. The property is being sold in its current condition, with the seller making no repairs.
The address is minutes from Downtown and major west-side routes. The property is being sold in its current condition, with the seller making no repairs.
Key Highlights
- Two side‑by‑side units, each with 2 bedrooms and 1 bath
- 1,960 square feet total
- Separate entrance for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,426
Cap Rate
8.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$268,520
$268.5K
Cap Rate 7%
$191,800
$191.8K
Cap Rate 9%
$149,178
$149.2K
Market Conditions
NOI Build-Up for 1,960 SF
Gross rent
$26.1K $13.32/SF
− Vacancy
−$1.7K −$0.87/SF
EGI
$24.4K $12.45/SF
− OpEx
−$11.0K −$5.60/SF
NOI
$13.4K $6.85/SF
Area
Columbus, OH
Vacancy
6.50%
Lease Rate
$13.32 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$268,520
Cap Rate 7%
$191,800
Cap Rate 9%
$149,178
Alternative Uses
Best Use
Multifamily LT 5
$238.4K
$208.6K – $278.2K
NOI $16,690 @ 7.0% cap · market cap 11.13%
Second Best
Apartment 5plus
$191.8K
$167.8K – $223.8K
NOI $13,426 @ 7.0% cap · market cap 8.95%
Theoretical Best
Office A
$408.5K
$357.4K – $476.6K
NOI $28,593 @ 7.0% cap · market cap 19.06%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
337
Businesses Nearby
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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
$170,900
Median Home Value
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Market
Average Price Trend$/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 - Each residence has its own entrance and a two-bedroom, one-bath layout.
Where is this duplex located?
The property is located at 548-550 S Oakley Avenue Columbus, OH.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Two side‑by‑side units, each with 2 bedrooms and 1 bath; 1,960 square feet total; Separate entrance for each residence
