Brick Duplex with
For Sale
$209,900
656 Oakwood Ave, Columbus, OH 43205
Two-unit property with porches, first-floor laundry areas, and rear alley access for parking.
Property Size2,784 SF
Price / SF$75.40
Days on Market58
Property Features for 656 Oakwood Ave
General Information
Standard status
Active
Size
2,784 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
needs rehab
Additional Details
Multifamily Units
2
Amenities
laundry
basement
porch
Building Details
Year Built
1919
Construction
brick
Listing Agency:
Ryan Ruehle, Exp Realty, LLC
Listed By:
Real Estate Showcase RES
(740) 389-2000
Source:
Resmarion
Added: Aug 19
Changed: Oct 13
Last Checked: Oct 14 at 10:40PM
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 Ryan Ruehle, Exp Realty, LLC
Investment Insights
Based on property information with market context.
This 2,784-square-foot duplex was built in 1919 with all-brick construction and a six-bedroom, six-bathroom layout. Both units include a basement, while first-floor laundry areas add practical utility. Front and rear porches provide additional exterior space.
The property is positioned along Oakwood Ave in Columbus and connects to a rear alley used for parking. It requires rehabilitation, giving the next owner a project-oriented asset with the existing duplex configuration and substantial brick construction in place.
The property is positioned along Oakwood Ave in Columbus and connects to a rear alley used for parking. It requires rehabilitation, giving the next owner a project-oriented asset with the existing duplex configuration and substantial brick construction in place.
Key Highlights
- 2,784‑square‑foot duplex with all‑brick construction
- Six bedrooms and six bathrooms
- Both units include a basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,070
Cap Rate
9.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$381,400
$381.4K
Cap Rate 7%
$272,429
$272.4K
Cap Rate 9%
$211,889
$211.9K
Market Conditions
NOI Build-Up for 2,784 SF
Gross rent
$37.1K $13.32/SF
− Vacancy
−$2.4K −$0.87/SF
EGI
$34.7K $12.45/SF
− OpEx
−$15.6K −$5.60/SF
NOI
$19.1K $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%
$381,400
Cap Rate 7%
$272,429
Cap Rate 9%
$211,889
Alternative Uses
Best Use
Multifamily LT 5
$338.7K
$296.3K – $395.1K
NOI $23,706 @ 7.0% cap · market cap 11.29%
Second Best
Apartment 5plus
$272.4K
$238.4K – $317.8K
NOI $19,070 @ 7.0% cap · market cap 9.09%
Theoretical Best
Office A
$580.2K
$507.7K – $676.9K
NOI $40,614 @ 7.0% cap · market cap 19.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,544
Businesses Nearby
Explore this area
Business Placement
Demographics for 43205, OH
12,044
Population
7,303
Households
1.6
Avg Household Size
35
Median Age
41%
College-Educated
89%
High-School Grad
2.4 sq mi
ZIP Area
5,018
Density / Sq Mi
$54,214
Median Household Income
$41,219
Median Earnings
$1,050
Median Rent
$290,800
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with porches, first-floor laundry areas, and rear alley access for parking.
Where is this duplex located?
The property is located at 656 Oakwood Ave Columbus, OH.
What is the asking price?
The asking price for this property is $209,900.
What are key features of this property?
This property features: 2,784‑square‑foot duplex with all‑brick construction; Six bedrooms and six bathrooms; Both units include a basement
